Funding you earn now, next payment 04:00 UTC+0.1074%/8h= +117.6% APRnext payment +$5.37 per $10,000 · paid last 24h +0.093%
Price spread now: MEXC against Gate+0.197%7-day average +0.230% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.197%, 7d avg +0.230%
=Funding pays, the price is against you. MEXC is 0.033% cheaper against Gate than usual: you would sell low and buy high (spread +0.197% now, against its 7-day average of +0.230%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.300% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate Q_USDT | 0.02538 | 0.0100 | pay 0.0050% / 4h | 3h 18m | $1.2M | $291K | 10x |
| Short | MEXC Q_USDT | 0.02543 | 0.1174 | get 0.0587% / 4h | 3h 18m | $122K | $87K | 50x |
Gate Q_USDT
MEXC Q_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $225.54
- Price spread: +0.197% → +0.230%
- −$3.31
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- $199.23
- Costs to cover
- 0.230%
- Break-even
- 0.8 days
Slippage unknown: Gate: live order book, 4 min ago; MEXC: live order book, 27 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, 4 min ago | 17.67 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 27 min ago | 0.39 bp | 27.4 bp −$27 | 56.8 bp −$568 | 174.4 bp −$17.4K | 462.2 bp −$231.1K |
Q on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDTlong | +0.0100% | 4h | 0.02538 | long leg | $1.2M | $291K | 10x | |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02538 | +0.024% | $672K | $19K | 20x | as long as short |
| Bitget QUSDT | +0.0100% | 4h | 0.02543 | +0.193% | $2.3M | $125K | 20x | as long as short |
| Variational Omni Q | +0.0383% | 4h | 0.02547 | +0.366% | $2K | $1K | — | as long as short |
| Bybit QUSDT | +0.0723% | 4h | 0.02542 | +0.158% | $1.5M | $353K | 13x | as long as short |
| BingX Q-USDT | +0.1115% | 4h | 0.02540 | +0.095% | — | $1.3M | — | as long as short |
| Aster QUSDT | +0.1158% | 4h | 0.02544 | +0.254% | $59K | $52K | 5x | as long as short |
| Extended Q-USD | +0.1168% | 1h | 0.02543 | +0.195% | $8K | $165K | 5x | as long as short |
| Binance QUSDT | +0.1171% | 4h | 0.02543 | +0.202% | $7.0M | $1.4M | 20x | as long as short |
| MEXC Q_USDTshort | +0.1174% | 4h | 0.02543 | +0.197% | $122K | $87K | 50x |
KuCoin QUSDTM
Bitget QUSDT
Variational Omni Q
Bybit QUSDT
BingX Q-USDT
Aster QUSDT
Extended Q-USD
Binance QUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDT | +0.1231% | 4h | 0.02545 | +0.296% | $378K | $73K | 40x | as long as short |
BloFin Q-USDT