Funding arb · Price arb /

NOT

all NOT markets

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: Gate against MEXC−0.396%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1151.147% of the position

Long on MEXC Short on Gate

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)+0.413%+$41 · spread now −0.396%, 7d avg +0.017%

Together, before fees+0.429%+$43 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: Gate is 0.413% cheaper against MEXC than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005048	0.0100	pay 0.0050% / 4h	2h 53m	$1.3M	$465K	200x
Short	Gate NOT_USDT	0.0005028	0.0100	get 0.0050% / 4h	2h 53m	$142K	$81K	50x

Funding 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 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 MEXCbpFee GatebpOrdersPrice spread, now −0.396%Rate

Funding earned: $0
Price spread: −0.396% → +0.017%: −$41.33
Slippage, 4 orders: −$95.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$156.02
Costs to cover: 1.147%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Gate: live order book, 7 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, 8 min ago	1.97 bp	10.1 bp −$10	28.7 bp −$287	87.9 bp −$8,794	109.8 bp −$54.9K
Sell Gate live order book, 7 min ago	9.88 bp	54.1 bp −$54	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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	−0.0211%	4h	0.0005034	−0.273%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.447%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0060%	4h	0.0005038	−0.198%	$112K	$17K	50x	as long as short
Bybit NOTUSDT	+0.0062%	4h	0.0005044	−0.079%	$2.1M	$860K	25x	as long as short
KuCoin NOTUSDTM	+0.0082%	4h	0.0005038	−0.198%	$460K	$135K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005056	+0.155%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	+0.040%	$368K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005049	+0.022%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005047	−0.014%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005051	+0.059%	$620K	$632K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005028	−0.396%	$142K	$81K	50x
MEXC NOT_USDTlong	+0.0100%	4h	0.0005048	long leg	$1.3M	$465K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005047	−0.020%	$666K	$407K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005042	−0.119%	—	$719K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005045	−0.063%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0203%	1h	0.0005061	+0.260%	$49K	$10K	10x	as long as short