Funding you earn now, next payment 00:00 UTC−0.0302%/8h= −33.1% APRnext payment −$1.51 per $10,000 · paid last 24h −0.068%
Price spread now: MEXC against Gate−0.027%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$950.948% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.027%, 7d avg −0.020%
=The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ID_USDT | 0.03735 | 0.0402 | pay 0.0201% / 4h | 2h 54m | $272K | $206K | 25x |
| Short | MEXC ID_USDT | 0.03734 | 0.0100 | get 0.0050% / 4h | 2h 54m | $340K | $135K | 20x |
Gate ID_USDT
MEXC ID_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.42
- Price spread: −0.027% → −0.020%
- −$0.66
- Slippage, 4 orders
- −$75.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$158.85
- Costs to cover
- 0.948%
- Break-even
- never at this rate
Slippage from Gate: live order book, 30 min ago; MEXC: live order book, 28 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, 30 min ago | 6.71 bp | 33.8 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 4.03 bp | 12.1 bp −$12 | 28.5 bp −$285 | 120.7 bp −$12.1K | 210.8 bp −$105.4K |
ID on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ID-USDT | +0.0072% | 4h | 0.03738 | +0.080% | $163K | $11K | 50x | as long as short |
| Aster IDUSDT | +0.0100% | 4h | 0.03739 | +0.115% | $9K | $2K | 5x | as long as short |
| Binance IDUSDT | +0.0100% | 4h | 0.03733 | −0.044% | $2.4M | $3.3M | 50x | as long as short |
| Bybit IDUSDT | +0.0100% | 8h | 0.03739 | +0.107% | $1.4M | $1.0M | 25x | as long as short |
| MEXC ID_USDTshort | +0.0100% | 4h | 0.03734 | −0.027% | $340K | $135K | 20x | |
| Bitget IDUSDT | +0.0100% | 4h | 0.03735 | 0.000% | $772K | $559K | 50x | as long as short |
| BingX ID-USDT | +0.0100% | 4h | 0.03740 | +0.134% | — | $2.3M | — | as long as short |
| Variational Omni ID | +0.0100% | 8h | 0.03735 | 0.000% | $12K | $20K | — | as long as short |
| KuCoin IDUSDTM | +0.0288% | 4h | 0.03731 | −0.107% | $1.0M | $61K | 30x | as long as short |
| Gate ID_USDTlong | +0.0402% | 4h | 0.03735 | long leg | $272K | $206K | 25x |
BloFin ID-USDT
Aster IDUSDT
Binance IDUSDT
Bybit IDUSDT
Bitget IDUSDT
BingX ID-USDT
Variational Omni ID
KuCoin IDUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IDUSD | +0.0442% | 1h | 0.03734 | −0.015% | $4K | $2K | 10x | as long as short |
Kraken Futures PF_IDUSD