Funding you earn now, next payment 08:00 UTC−0.0364%/8h= −39.9% APRnext payment −$1.82 per $10,000 · paid last 24h −0.056%
Price spread now: Gate against MEXC−0.074%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1481.479% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.074%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.090% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ERA_USDT | 0.06772 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $530K | $152K | 20x |
| Short | Gate ERA_USDT | 0.06767 | −0.0264 | pay 0.0132% / 4h | 3h 31m | $151K | $664K | 25x |
MEXC ERA_USDT
Gate ERA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$76.44
- Price spread: −0.074% → +0.016%
- −$8.97
- Slippage, 4 orders
- −$128.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$233.3
- Costs to cover
- 1.479%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 20 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 4 min ago | 5.17 bp | 15.2 bp −$15 | 61.4 bp −$614 | 724.4 bp −$72.4K | doesn't fit |
| Sell Gate live order book, 20 min ago | 8.10 bp | 65.8 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
ERA on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ERA_USDTshort | −0.0264% | 4h | 0.06767 | −0.074% | $151K | $664K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06768 | −0.063% | $5K | $12K | 5x | as long as short |
| Binance ERAUSDT | +0.0100% | 4h | 0.06771 | −0.016% | $2.1M | $4.3M | 25x | as long as short |
| Bybit ERAUSDT | +0.0100% | 4h | 0.06775 | +0.044% | $767K | $803K | 25x | as long as short |
| MEXC ERA_USDTlong | +0.0100% | 4h | 0.06772 | long leg | $530K | $152K | 20x | |
| KuCoin ERAUSDTM | +0.0100% | 4h | 0.06768 | −0.059% | $136K | $65K | 25x | as long as short |
| Bitget ERAUSDT | +0.0100% | 4h | 0.06780 | +0.118% | $817K | $223K | 25x | as long as short |
| BingX ERA-USDT | +0.0100% | 4h | 0.06777 | +0.074% | — | $6.5M | — | as long as short |
| Variational Omni ERA | +0.0100% | 4h | 0.06769 | −0.040% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Binance ERAUSDT
Bybit ERAUSDT
KuCoin ERAUSDTM
Bitget ERAUSDT
BingX ERA-USDT
Variational Omni ERA