Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.138%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1151.152% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.138%, 7d avg −0.019%

Together, before fees−0.172%−$17 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: MEXC is 0.157% dearer against Gate than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005069	0.0100	pay 0.0050% / 4h	2h 06m	$143K	$82K	50x
Short	MEXC NOT_USDT	0.0005076	0.0100	get 0.0050% / 4h	2h 06m	$1.3M	$474K	200x

Funding 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 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 GatebpFee MEXCbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → −0.019%: $15.71
Slippage, 4 orders: −$96.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$99.45
Costs to cover: 1.152%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; MEXC: live order book, 4 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, 54 min ago	9.88 bp	39.1 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.97 bp	12.6 bp −$13	43.0 bp −$430	91.0 bp −$9,104	113.6 bp −$56.8K

NOT on 15 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
Variational Omni NOT	−0.0264%	4h	0.0005073	+0.081%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0094%	4h	0.0005060	−0.178%	$463K	$134K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.847%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0061%	4h	0.0005070	+0.020%	$2.1M	$868K	25x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005086	+0.327%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005080	+0.217%	$371K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005068	−0.012%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005077	+0.150%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005073	+0.079%	$635K	$657K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005069	long leg	$143K	$82K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDTshort	+0.0100%	4h	0.0005076	+0.138%	$1.3M	$474K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005080	+0.217%	$673K	$409K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005074	+0.099%	—	$723K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005074	+0.101%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0201%	1h	0.0005114	+0.885%	$50K	$9K	10x	as long as short