Funding you earn now, next payment 06:00 UTC+3.6120%/8h= +3955.1% APRpaid last 24h +4.513%
Price spread now: MEXC against Gate+1.292%7-day average +0.941% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,945as in the Price arb table
costs, in and out, $10k−$1,98119.805% of the position
Funding, last 5 days (all we have)+4.640%+$464 on $10k
+Price spread, last 4 days (all we have)−0.507%−$51 · spread now +1.292%, 7d avg +0.941%
=Both sides work for this trade now. Funding pays +$1,084 a day on $10k at the current rate, and MEXC is 0.352% dearer against Gate than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.941%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 4.640% in total (about 346.3% 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 | Gate MUSEBOOK_USDT | 0.0001996 | −3.6520 | get 0.4565% / 1h | 37m 53s | $258K | $4.3M | 10x |
| Short | MEXC MUSEBOOK_USDT | 0.0002022 | −0.0400 | pay 0.0200% / 4h | 2h 37m | $260K | $636K | 20x |
Gate MUSEBOOK_USDT
MEXC MUSEBOOK_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
- $7,585.2
- Price spread: +1.292% → +0.941%
- $35.15
- Slippage, 4 orders
- −$1,961.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $5,639.85
- Costs to cover
- 19.805%
- Break-even
- 1.8 days
Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 48 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, 5 min ago | 10.12 bp | 303.5 bp −$303 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 48 min ago | 18.19 bp | 429.0 bp −$429 | doesn't fit | doesn't fit | doesn't fit |
MUSEBOOK on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MUSEBOOK_USDTlong | −3.6520% | 1h | 0.0001996 | long leg | $258K | $4.3M | 10x | |
| MEXC MUSEBOOK_USDTshort | −0.0400% | 4h | 0.0002022 | +1.292% | $260K | $636K | 20x | |
| BingX MUSEBOOK-USDT | −0.0400% | 4h | 0.0002011 | +0.736% | — | $1.5M | — | as long as short |
BingX MUSEBOOK-USDT