PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0418%/8h= −45.8% APRnext payment −$2.09 per $10,000 · paid last 24h −0.265%

Price spread now: MEXC against Gate+0.098%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$337as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2502.501% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.867%−$87 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.098%, 7d avg −0.028%

Together, before fees−0.950%−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.126% dearer against Gate than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.028%): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PTB_USDT	0.001227	0.1116	pay 0.0558% / 4h	7m 21s	$2.0M	$7.6M	25x
Short	MEXC PTB_USDT	0.001229	0.0698	get 0.0349% / 4h	7m 21s	$448K	$1.2M	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 +0.098%Rate

Funding earned: −$87.78
Price spread: +0.098% → −0.028%: $12.62
Slippage, 4 orders: −$227.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$325.21
Costs to cover: 2.501%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 3 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, 1 min ago	11.07 bp	100.2 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.08 bp	32.8 bp −$33	67.2 bp −$672	287.5 bp −$28.7K	doesn't fit

PTB 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
Bybit PTBUSDT	+0.0100%	4h	0.001230	+0.212%	$2.0M	$27.5M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001223	−0.340%	$41K	$71K	—	as long as short
Aster PTBUSDT	+0.0489%	4h	0.001222	−0.425%	$74K	$1.0M	5x	as long as short
BloFin PTB-USDT	+0.0677%	4h	0.001217	−0.864%	$528K	$1.0M	20x	as long as short
Binance PTBUSDT	+0.0688%	4h	0.001230	+0.204%	$9.1M	$184.3M	20x	as long as short
Extended kPTB-USD	+0.0696%	1h	0.001226	−0.094%	$4K	$45K	5x	as long as short
MEXC PTB_USDTshort	+0.0698%	4h	0.001229	+0.098%	$448K	$1.2M	20x
BingX PTB-USDT	+0.0730%	4h	0.001231	+0.253%	—	$2.5M	—	as long as short
KuCoin PTBUSDTM	+0.0804%	4h	0.001221	−0.497%	$2.0M	$8.6M	20x	as long as short
Gate PTB_USDTlong	+0.1116%	4h	0.001227	long leg	$2.0M	$7.6M	25x