Funding you earn now, next payment 04:00 UTC+0.0534%/8h= +58.5% APRpaid last 24h +0.105%
Price spread now: Gate against MEXC−0.060%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1321.316% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.060%, 7d avg +0.067%
=Funding pays, the price is against you. Gate is 0.127% cheaper against MEXC than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.067%). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.204% in total) that is about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.6% 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 MMT_USDT | 0.1667 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $487K | $154K | 20x |
| Short | Gate MMT_USDT | 0.1666 | 0.0634 | get 0.0634% / 8h | 6h 27m | $560K | $240K | 50x |
MEXC MMT_USDT
Gate MMT_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
- $112.14
- Price spread: −0.060% → +0.067%
- −$12.74
- Slippage, 4 orders
- −$108.61
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$32.2
- Costs to cover
- 1.316%
- Break-even
- 9.0 days
Slippage from MEXC: live order book, 32 min ago; Gate: live order book, 39 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, 32 min ago | 3.01 bp | 16.9 bp −$17 | 47.2 bp −$472 | 226.9 bp −$22.7K | 973.4 bp −$486.7K |
| Sell Gate live order book, 39 min ago | 2.99 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
MMT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MMTUSDT | +0.0100% | 4h | 0.1663 | −0.255% | $4K | $28K | 5x | as long as short |
| Binance MMTUSDT | +0.0100% | 4h | 0.1669 | +0.112% | $5.4M | $4.1M | 50x | as long as short |
| Bybit MMTUSDT | +0.0100% | 4h | 0.1668 | +0.060% | $1.5M | $766K | 25x | as long as short |
| OKX MMT-USDT-SWAP | +0.0100% | 4h | 0.1666 | −0.060% | $1.7M | $2.5M | 20x | as long as short |
| MEXC MMT_USDTlong | +0.0100% | 4h | 0.1667 | long leg | $487K | $154K | 20x | |
| KuCoin MMTUSDTM | +0.0100% | 4h | 0.1664 | −0.168% | $597K | $93K | 50x | as long as short |
| Bitget MMTUSDT | +0.0100% | 4h | 0.1667 | 0.000% | $1.4M | $466K | 50x | as long as short |
| BingX MMT-USDT | +0.0100% | 4h | 0.1667 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni MMT | +0.0100% | 4h | 0.1661 | −0.375% | $2K | $4K | — | as long as short |
| Gate MMT_USDTshort | +0.0634% | 8h | 0.1666 | −0.060% | $560K | $240K | 50x |
Aster MMTUSDT
Binance MMTUSDT
Bybit MMTUSDT
OKX MMT-USDT-SWAP
KuCoin MMTUSDTM
Bitget MMTUSDT
BingX MMT-USDT
Variational Omni MMT