Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Gate+0.074%7-day average +0.212% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.074%, 7d avg +0.212%

Together, before fees+0.268%+$27 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 0.138% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ON_USDT	0.1348	0.0100	pay 0.0050% / 4h	2h 38m	$301K	$34K	5x
Short	MEXC ON_USDT	0.1349	0.0100	get 0.0050% / 4h	2h 38m	$1.0M	$398K	50x

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 +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.212%: −$13.79
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$36.79
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 45 min ago; MEXC: live order book, 2 min ago. Net counts fees only.

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, 45 min ago	56.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.70 bp	35.8 bp −$36	131.3 bp −$1,313	348.1 bp −$34.8K	913.8 bp −$456.9K

ON 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
edgeX ONUSDC	+0.0094%	4h	0.1350	+0.152%	$7K	$134K	10x	as long as short
Binance ONUSDT	+0.0100%	4h	0.1349	+0.074%	$5.8M	$3.8M	50x	as long as short
Gate ON_USDTlong	+0.0100%	4h	0.1348	long leg	$301K	$34K	5x
MEXC ON_USDTshort	+0.0100%	4h	0.1349	+0.074%	$1.0M	$398K	50x
KuCoin ONUSDTM	+0.0100%	4h	0.1348	0.000%	$740K	$76K	50x	as long as short
BingX ON-USDT	+0.0100%	4h	0.1349	+0.074%	—	$6.6M	—	as long as short
Variational Omni ON	+0.0100%	4h	0.1350	+0.148%	$24K	$7K	—	as long as short
Aster ONUSDT	+0.0148%	4h	0.1350	+0.180%	$439K	$32K	5x	as long as short