Funding you earn now, next payment 00:00 UTC−0.0890%/8h= −97.5% APRpaid last 24h −0.122%
Price spread now: Gate against MEXC−0.193%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1401.397% of the position
Funding, last 7 days−0.389%−$39 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.193%, 7d avg −0.149%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Gate is 0.044% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.389% in total (about -20.3% a year). A funding rate is set anew for every payment. 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 | MEXC M_USDT | 1.4539 | 0.0990 | pay 0.0495% / 4h | 1h 17m | $248K | $112K | 50x |
| Short | Gate M_USDT | 1.4511 | 0.0100 | get 0.0100% / 8h | 1h 17m | $1.9M | $911K | 10x |
MEXC M_USDT
Gate M_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$186.9
- Price spread: −0.193% → −0.149%
- −$4.38
- Slippage, 4 orders
- −$120.73
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$331.01
- Costs to cover
- 1.397%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 56 min ago; Gate: live order book, 1 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, 56 min ago | 0.68 bp | 23.0 bp −$23 | 50.1 bp −$501 | 132.0 bp −$13.2K | doesn't fit |
| Sell Gate live order book, 1 min ago | 8.96 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4512 | −0.186% | $4.6M | $2.3M | 20x | as long as short |
| Gate M_USDTshort | +0.0100% | 8h | 1.4511 | −0.193% | $1.9M | $911K | 10x | |
| Bitget MUSDT | +0.0100% | 4h | 1.4550 | +0.076% | $1.9M | $352K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4506 | −0.229% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4543 | +0.028% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4541 | +0.014% | $2K | $569K | 20x | as long as short |
| Aster MUSDT | +0.0665% | 4h | 1.4547 | +0.054% | $14K | $114K | 5x | as long as short |
| KuCoin MUSDTM | +0.0778% | 4h | 1.4367 | −1.180% | $1.4M | $4.4M | 10x | as long as short |
| BingX M-USDT | +0.0942% | 4h | 1.4534 | −0.034% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.0970% | 4h | 1.4542 | +0.021% | $349K | $412K | 10x | as long as short |
Bybit MUSDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
KuCoin MUSDTM
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDTlong | +0.0990% | 4h | 1.4539 | long leg | $248K | $112K | 50x | |
| Binance MUSDT | +0.1009% | 4h | 1.4530 | −0.062% | $5.5M | $4.5M | 10x | as long as short |
Binance MUSDT