Funding you earn now, next payment 04:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h +0.045%
Price spread now: MEXC against Gate+0.268%7-day average +0.186% · you sell dearer than you buy
Net, funding: paid 7d − costs−$507as in the Funding arb table
Net, price: spread back to 7d avg − costs−$515as in the Price arb table
costs, in and out, $10k−$5245.235% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.268%, 7d avg +0.186%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.186%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment. 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 | Gate FHE_USDT | 0.02242 | 0.0100 | pay 0.0100% / 8h | 4h 29m | $621K | $75K | 10x |
| Short | MEXC FHE_USDT | 0.02248 | 0.0626 | get 0.0313% / 4h | 29m 34s | $852K | $299K | 50x |
Gate FHE_USDT
MEXC FHE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $110.46
- Price spread: +0.268% → +0.186%
- $8.21
- Slippage, 4 orders
- −$504.5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$404.83
- Costs to cover
- 5.235%
- Break-even
- 32.7 days
Slippage from Gate: live order book, 27 min ago; MEXC: live order book, 25 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 Gate live order book, 27 min ago | 8.97 bp | 158.0 bp −$158 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 25 min ago | 6.70 bp | 38.8 bp −$39 | 118.2 bp −$1,182 | 255.0 bp −$25.5K | 574.2 bp −$287.1K |
FHE on 8 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 FHE_USDTlong | +0.0100% | 8h | 0.02242 | long leg | $621K | $75K | 10x | |
| Bybit FHEUSDT | +0.0370% | 4h | 0.02243 | +0.045% | $1.6M | $489K | 13x | as long as short |
| Aster FHEUSDT | +0.0463% | 4h | 0.02247 | +0.233% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0596% | 4h | 0.02248 | +0.268% | — | $6.5M | — | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02247 | +0.242% | $4K | $101K | 5x | as long as short |
| MEXC FHE_USDTshort | +0.0626% | 4h | 0.02248 | +0.268% | $852K | $299K | 50x | |
| Binance FHEUSDT | +0.0627% | 4h | 0.02248 | +0.268% | $3.0M | $1.4M | 10x | as long as short |
| KuCoin FHEUSDTM | +0.1152% | 4h | 0.02247 | +0.223% | $643K | $9.7M | 10x | as long as short |
Bybit FHEUSDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
Binance FHEUSDT
KuCoin FHEUSDTM