Funding you earn now, next payment 04:00 UTC−0.0526%/8h= −57.6% APRpaid last 24h −0.045%
Price spread now: Gate against MEXC−0.267%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$540as in the Funding arb table
Net, price: spread back to 7d avg − costs−$532as 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 −0.267%, 7d avg −0.186%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.081% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.186%). Swap the legs.
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 | MEXC FHE_USDT | 0.02248 | 0.0626 | pay 0.0313% / 4h | 29m 36s | $852K | $299K | 50x |
| Short | Gate FHE_USDT | 0.02242 | 0.0100 | get 0.0100% / 8h | 4h 29m | $621K | $75K | 10x |
MEXC FHE_USDT
Gate FHE_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
- −$110.46
- Price spread: −0.267% → −0.186%
- −$8.14
- Slippage, 4 orders
- −$504.5
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$642.1
- Costs to cover
- 5.235%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 25 min ago; Gate: live order book, 27 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, 25 min ago | 6.70 bp | 20.1 bp −$20 | 108.2 bp −$1,082 | 232.6 bp −$23.3K | 545.0 bp −$272.5K |
| Sell Gate live order book, 27 min ago | 8.97 bp | 306.6 bp −$307 | doesn't fit | doesn't fit | doesn't fit |
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_USDTshort | +0.0100% | 8h | 0.02242 | −0.267% | $621K | $75K | 10x | |
| Bybit FHEUSDT | +0.0370% | 4h | 0.02243 | −0.222% | $1.6M | $489K | 13x | as long as short |
| Aster FHEUSDT | +0.0463% | 4h | 0.02247 | −0.034% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0596% | 4h | 0.02248 | 0.000% | — | $6.5M | — | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02247 | −0.026% | $4K | $101K | 5x | as long as short |
| MEXC FHE_USDTlong | +0.0626% | 4h | 0.02248 | long leg | $852K | $299K | 50x | |
| Binance FHEUSDT | +0.0627% | 4h | 0.02248 | 0.000% | $3.0M | $1.4M | 10x | as long as short |
| KuCoin FHEUSDTM | +0.1152% | 4h | 0.02247 | −0.044% | $643K | $9.7M | 10x | as long as short |
Bybit FHEUSDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
Binance FHEUSDT
KuCoin FHEUSDTM