Funding you earn now, next payment 00:00 UTC−0.0300%/8h= −32.8% APRnext payment −$1.50 per $10,000 · paid last 24h −0.023%
Price spread now: Gate against MEXC−0.076%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$6,875as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6,837as in the Price arb table
costs, in and out, $10k−$6,83168.313% of the position
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)−0.479%−$48 · spread now −0.076%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.053% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC FONE_USDT | 0.005257 | 0.0400 | pay 0.0200% / 4h | 1h 50m | $219K | $124K | 20x |
| Short | Gate FONE_USDT | 0.005253 | 0.0100 | get 0.0050% / 4h | 1h 50m | $154K | $97K | 10x |
MEXC FONE_USDT
Gate FONE_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
- −$63
- Price spread: −0.076% → −0.023%
- −$5.29
- Slippage, 4 orders
- −$6,812.3
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$6,899.59
- Costs to cover
- 68.313%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 22 min ago; Gate: 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 MEXC live order book, 22 min ago | 8.86 bp | 618.7 bp −$619 | 1382.1 bp −$13.8K | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 74.51 bp | 3096.8 bp −$3,097 | doesn't fit | doesn't fit | doesn't fit |
FONE on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster FONEUSDT | +0.0100% | 1h | 0.005235 | −0.411% | $32K | $4K | 5x | as long as short |
| Gate FONE_USDTshort | +0.0100% | 4h | 0.005253 | −0.076% | $154K | $97K | 10x | |
| MEXC FONE_USDTlong | +0.0400% | 4h | 0.005257 | long leg | $219K | $124K | 20x | |
| BingX FONE-USDT | +0.0400% | 4h | 0.005254 | −0.057% | — | $398K | — | as long as short |
Aster FONEUSDT
BingX FONE-USDT