Funding you earn now, next payment 08:00 UTC−0.0380%/8h= −41.6% APRnext payment −$1.90 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against Gate+0.223%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.223%, 7d avg −0.025%
=The price spread pays, funding is against you. MEXC is 0.248% dearer against Gate than usual: you sell high and buy low (spread +0.223% now, against its 7-day average of −0.025%): +$25 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 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 MANTRA_USDT | 0.004478 | 0.0480 | pay 0.0240% / 4h | 2h 55m | $192K | $111K | 50x |
| Short | MEXC MANTRA_USDT | 0.004488 | 0.0100 | get 0.0050% / 4h | 2h 55m | $1.3M | $217K | 50x |
Gate MANTRA_USDT
MEXC MANTRA_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
- −$79.8
- Price spread: +0.223% → −0.025%
- $24.8
- Slippage, 4 orders
- −$98.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$172.62
- Costs to cover
- 1.176%
- Break-even
- never at this rate
Slippage from Gate: live order book, 51 min ago; MEXC: 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 Gate live order book, 51 min ago | 7.80 bp | 50.1 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.11 bp | 13.1 bp −$13 | 68.6 bp −$686 | 236.9 bp −$23.7K | doesn't fit |
MANTRA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX MANTRA-USDT | +0.0070% | 4h | 0.004485 | +0.156% | — | $1.7M | — | as long as short |
| BloFin MANTRA-USDT | +0.0090% | 4h | 0.004489 | +0.246% | $96K | $24K | 50x | as long as short |
| Aster MANTRAUSDT | +0.0100% | 4h | 0.004479 | +0.022% | $22K | $8K | 5x | as long as short |
| Binance MANTRAUSDT | +0.0100% | 4h | 0.004488 | +0.218% | $2.0M | $3.3M | 50x | as long as short |
| MEXC MANTRA_USDTshort | +0.0100% | 4h | 0.004488 | +0.223% | $1.3M | $217K | 50x | |
| KuCoin MANTRAUSDTM | +0.0100% | 4h | 0.004488 | +0.223% | $422K | $217K | 50x | as long as short |
| Bitget MANTRAUSDT | +0.0100% | 4h | 0.004478 | 0.000% | $924K | $390K | 50x | as long as short |
| Gate MANTRA_USDTlong | +0.0480% | 4h | 0.004478 | long leg | $192K | $111K | 50x |
BingX MANTRA-USDT
BloFin MANTRA-USDT
Aster MANTRAUSDT
Binance MANTRAUSDT
KuCoin MANTRAUSDTM
Bitget MANTRAUSDT