Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Gate−0.424%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$575as in the Funding arb table

Net, price: spread back to 7d avg − costs−$567as in the Price arb table

costs, in and out, $10k−$5425.417% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.338%−$34 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.424%, 7d avg −0.172%

Together, before fees−0.007%−$1 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 0.252% cheaper against Gate than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POWER_USDT	0.1228	0.0100	pay 0.0100% / 8h	4h 29m	$231K	$115K	20x
Short	MEXC POWER_USDT	0.1222	0.0100	get 0.0050% / 4h	29m 36s	$14.1M	$438K	20x

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 −0.424%Rate

Funding earned: $0
Price spread: −0.424% → −0.172%: −$25.2
Slippage, 4 orders: −$526.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$566.86
Costs to cover: 5.417%
Break-even: never at this rate

Slippage from Gate: live order book, 22 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, 22 min ago	8.60 bp	222.2 bp −$222	45822.7 bp −$458.2K	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.05 bp	22.1 bp −$22	44.2 bp −$442	116.2 bp −$11.6K	doesn't fit

POWER 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
BloFin POWER-USDT	+0.0068%	4h	0.1222	−0.472%	$210K	$131K	20x	as long as short
Binance POWERUSDT	+0.0100%	4h	0.1222	−0.489%	$3.6M	$5.6M	20x	as long as short
Bybit POWERUSDT	+0.0100%	4h	0.1222	−0.464%	$2.0M	$1.5M	20x	as long as short
Gate POWER_USDTlong	+0.0100%	8h	0.1228	long leg	$231K	$115K	20x
MEXC POWER_USDTshort	+0.0100%	4h	0.1222	−0.424%	$14.1M	$438K	20x
KuCoin POWERUSDTM	+0.0100%	4h	0.1221	−0.578%	$2.4M	$15.1M	20x	as long as short
Bitget POWERUSDT	+0.0100%	4h	0.1222	−0.432%	$3.3M	$511K	20x	as long as short
BingX POWER-USDT	+0.0100%	4h	0.1222	−0.481%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1221	−0.527%	$18K	$3K	—	as long as short
Aster POWERUSDT	+0.0243%	4h	0.1222	−0.417%	$24K	$26K	5x	as long as short