Settings8H · net · $10k
Funding arb · Price arb /

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against MEXC−0.222%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$900.901% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.199%−$20 on $10k
Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.222%, 7d avg +0.009%
Together, before fees+0.027%+$3 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 0.231% cheaper against MEXC than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC GMT_USDT0.0085690.0100pay 0.0050% / 4h3h 18m$420K$188K20x
ShortGate GMT_USDT0.0085500.0100get 0.0100% / 8h7h 18m$149K$112K50x

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

Funding earned
$0
Price spread: −0.222% → +0.009%
−$23.09
Slippage, 4 orders
−$71.13
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$113.22
Costs to cover
0.901%
Break-even
never at this rate
Slippage from MEXC: live order book, 38 min ago; Gate: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 38 min ago0.60 bp9.0 bp −$982.2 bp −$822274.8 bp −$27.5Kdoesn't fit
Sell Gate live order book, 47 min ago11.95 bp42.9 bp −$43doesn't fitdoesn't fitdoesn't fit

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.1351%1h0.008563−0.066%$45K$12K20xas long as short
Hyperliquid GMT+0.0100%1h0.008570+0.012%$129K$120K3xas long as short
Aster GMTUSDT+0.0100%4h0.008548−0.250%$7K$15K10xas long as short
Binance GMTUSDT+0.0100%4h0.008554−0.172%$2.8M$3.3M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008559−0.117%$1.1M$1.2M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008565−0.047%$356K$629K20xas long as short
Gate GMT_USDTshort+0.0100%8h0.008550−0.222%$149K$112K50x
MEXC GMT_USDTlong+0.0100%4h0.008569long leg$420K$188K20x
KuCoin GMTUSDTM+0.0100%4h0.008550−0.222%$251K$101K50xas long as short
Bitget GMTUSDT+0.0100%4h0.008568−0.012%$700K$415K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008560−0.105%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008558−0.127%$4K$5Kas long as short