Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC−0.155%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$363as in the Funding arb table

Net, price: spread back to 7d avg − costs−$340as in the Price arb table

costs, in and out, $10k−$3373.373% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days+0.078%+$8 · spread now −0.155%, 7d avg −0.127%

Together, before fees−0.184%−$18 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 0.029% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.07082	0.0100	pay 0.0050% / 4h	2h 47m	$6.5M	$1.1M	20x
Short	Gate H_USDT	0.07071	0.0100	get 0.0050% / 4h	2h 47m	$2.9M	$1.9M	10x

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 −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.127%: −$2.85
Slippage, 4 orders: −$318.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$340.11
Costs to cover: 3.373%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; Gate: live order book, 6 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, just now	2.82 bp	13.3 bp −$13	58.9 bp −$589	104.3 bp −$10.4K	doesn't fit
Sell Gate live order book, 6 min ago	3.52 bp	229.3 bp −$229	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.748%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0095%	4h	0.07088	+0.085%	$606K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07071	−0.158%	$119K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07083	+0.017%	$15.3M	$10.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07070	−0.175%	$7.8M	$4.3M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07081	−0.014%	$1.7M	$5.7M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.07071	−0.155%	$2.9M	$1.9M	10x
MEXC H_USDTlong	+0.0100%	4h	0.07082	long leg	$6.5M	$1.1M	20x
KuCoin HUSDTM	+0.0100%	4h	0.07074	−0.113%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07067	−0.212%	$1.7M	$445K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07070	−0.169%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07094	+0.163%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07083	+0.011%	$1.2M	$478K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07083	+0.007%	$12K	$107K	5x	as long as short