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: Gate against MEXC+0.168%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on MEXC Short on Gate

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)−0.130%−$13 · spread now +0.168%, 7d avg +0.042%

Together, before fees−0.147%−$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: Gate is 0.127% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FORM_USDT	0.3565	0.0100	pay 0.0050% / 4h	2h 09m	$1.8M	$8.9M	100x
Short	Gate FORM_USDT	0.3571	0.0100	get 0.0050% / 4h	2h 09m	$781K	$4.4M	50x

Funding 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 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 MEXCbpFee GatebpOrdersPrice spread, now +0.168%Rate

Funding earned: $0
Price spread: +0.168% → +0.042%: $12.65
Slippage, 4 orders: −$69.79
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.14
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	1.40 bp	8.4 bp −$8	49.9 bp −$499	292.8 bp −$29.3K	doesn't fit
Sell Gate live order book, 3 min ago	7.00 bp	34.1 bp −$34	147.6 bp −$1,476	doesn't fit	doesn't fit

FORM on 9 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	0.3567	+0.046%	—	—	—	as long as short
BingX FORM-USDT	+0.0070%	4h	0.3568	+0.084%	—	$3.7M	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3572	+0.186%	$45K	$789K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3566	+0.028%	$19.1M	$152.1M	50x	as long as short
Gate FORM_USDTshort	+0.0100%	4h	0.3571	+0.168%	$781K	$4.4M	50x
MEXC FORM_USDTlong	+0.0100%	4h	0.3565	long leg	$1.8M	$8.9M	100x
KuCoin FORMUSDTM	+0.0100%	4h	0.3571	+0.168%	$436K	$1.1M	30x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3557	−0.224%	$1.2M	$9.0M	50x	as long as short
Bybit FORMUSDT	+0.0364%	4h	0.3568	+0.084%	$2.3M	$12.5M	20x	as long as short