Funding you earn now, next payment 00:00 UTC−0.1240%/8h= −135.8% APRnext payment −$6.20 per $10,000 · paid last 24h −0.025%
Price spread now: MEXC against Gate−0.465%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5,848as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5,859as in the Price arb table
costs, in and out, $10k−$5,81158.108% of the position
Funding, last 7 days−0.373%−$37 on $10k
+Price spread, last 4 days (all we have)+0.860%+$86 · spread now −0.465%, 7d avg +0.017%
=Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and MEXC is 0.482% cheaper against Gate than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.373% in total (about -19.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.20 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 | Gate FLYBRAIN_USDT | 0.0008600 | 0.0942 | pay 0.0471% / 4h | 1h 51m | $163K | $153K | 10x |
| Short | MEXC FLYBRAIN_USDT | 0.0008560 | −0.0298 | pay 0.0149% / 4h | 1h 51m | $63K | $106K | 20x |
Gate FLYBRAIN_USDT
MEXC FLYBRAIN_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
- −$260.4
- Price spread: −0.465% → +0.017%
- −$48.25
- Slippage, 4 orders
- −$5,775.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 10 bp × 2 orders
- −$20
- Net
- −$6,119.49
- Costs to cover
- 58.108%
- Break-even
- never at this rate
Slippage from Gate: live order book, 24 min ago; MEXC: 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 Gate live order book, 24 min ago | 112.36 bp | 3317.1 bp −$3,317 | 56103.8 bp −$561.0K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 143.10 bp | 663.7 bp −$664 | doesn't fit | doesn't fit | doesn't fit |
FLYBRAIN on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC FLYBRAIN_USDTshort | −0.0298% | 4h | 0.0008560 | −0.465% | $63K | $106K | 20x | |
| BingX FLYBRAIN-USDT | +0.0400% | 4h | 0.0008570 | −0.349% | — | $1.0M | — | as long as short |
| Gate FLYBRAIN_USDTlong | +0.0942% | 4h | 0.0008600 | long leg | $163K | $153K | 10x |
BingX FLYBRAIN-USDT