Funding arb · Price arb /

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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+0.092%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$390as in the Price arb table

costs, in and out, $10k−$3973.967% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.092%, 7d avg +0.022%

Together, before fees−0.043%−$4 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 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07650	0.0100	pay 0.0050% / 4h	37m 00s	$339K	$115K	20x
Short	Gate LAYER_USDT	0.07657	0.0100	get 0.0050% / 4h	37m 00s	$136K	$55K	20x

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 +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.022%: $6.97
Slippage, 4 orders: −$381.71
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$389.74
Costs to cover: 3.967%
Break-even: never at this rate

Slippage from MEXC: live order book, 23 min ago; Gate: live order book, 33 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, 23 min ago	1.96 bp	12.1 bp −$12	53.5 bp −$535	181.0 bp −$18.1K	doesn't fit
Sell Gate live order book, 33 min ago	11.15 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0547%	1h	0.07655	+0.070%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.915%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07662	+0.157%	$590K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07651	+0.015%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07650	−0.003%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07650	0.000%	$706K	$667K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07657	+0.092%	$136K	$55K	20x
MEXC LAYER_USDTlong	+0.0100%	4h	0.07650	long leg	$339K	$115K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07658	+0.105%	$1.1M	$165K	50x	as long as short
BingX LAYER-USDT	+0.0100%	4h	0.07656	+0.078%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07660	+0.131%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07650	+0.001%	$2K	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0133%	4h	0.07655	+0.065%	$113K	$12K	50x	as long as short