Funding arb · Price arb /

FORM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.111%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$870.866% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.111%, 7d avg −0.046%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.158% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FORM_USDT	0.3593	0.0100	pay 0.0050% / 4h	3h 43m	$775K	$4.2M	50x
Short	MEXC FORM_USDT	0.3597	0.0100	get 0.0050% / 4h	3h 43m	$1.5M	$8.7M	100x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → −0.046%: $15.77
Slippage, 4 orders: −$67.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$70.87
Costs to cover: 0.866%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago	6.96 bp	33.4 bp −$33	130.1 bp −$1,301	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.39 bp	8.3 bp −$8	71.5 bp −$715	287.5 bp −$28.7K	doesn't fit

FORM on 10 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3585	−0.220%	—	—	—	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3599	+0.167%	—	$3.6M	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3594	+0.037%	$50K	$740K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3605	+0.336%	$19.3M	$144.9M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3611	+0.512%	$2.4M	$12.1M	20x	as long as short
Gate FORM_USDTlong	+0.0100%	4h	0.3593	long leg	$775K	$4.2M	50x
MEXC FORM_USDTshort	+0.0100%	4h	0.3597	+0.111%	$1.5M	$8.7M	100x
KuCoin FORMUSDTM	+0.0100%	4h	0.3595	+0.056%	$350K	$1.0M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3602	+0.250%	$1.2M	$8.4M	50x	as long as short
BloFin FORM-USDT	+0.0139%	4h	0.3572	−0.584%	$1.0M	$366K	50x	as long as short