Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.038%

Price spread now: gTrade (Gains Network) against MEXC+0.084%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.084% dearer against MEXC than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RE_USDT	0.4646	0.0084	pay 0.0042% / 4h	1h 20m	$1.3M	$434K	50x
Short	gTrade (Gains Network) RE/USD	0.4650	L −0.0025% / S +0.0026%	pay 0.0003% / 1h	20m 18s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.084%Rate

Funding earned: −$23.05
Price spread: +0.084% → 0.000%: $8.39
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$26.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 1 min ago	1.08 bp	4.0 bp −$4	16.0 bp −$160	323.6 bp −$32.4K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RE on 14 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
gTrade (Gains Network) RE/USDshort	L −0.0025% / S +0.0026%	1h	0.4650	+0.084%	—	—	150x
BloFin RE-USDT	+0.0061%	4h	0.4648	+0.043%	$361K	$20K	50x	as long as short
edgeX REUSDC	+0.0075%	4h	0.4650	+0.084%	$8K	$218K	10x	as long as short
MEXC RE_USDTlong	+0.0084%	4h	0.4646	long leg	$1.3M	$434K	50x
Binance REUSDT	+0.0088%	4h	0.4645	−0.022%	$8.3M	$8.1M	50x	as long as short
Extended RE-USD	+0.0088%	1h	0.4644	−0.039%	$788	—	5x	as long as short
Aster REUSDT	+0.0100%	4h	0.4651	+0.105%	$32K	$26K	20x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4648	+0.043%	$1.4M	$1.2M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4646	−0.009%	$1.8M	$3.4M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4651	+0.116%	$420K	$931K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin REUSDTM	+0.0100%	4h	0.4649	+0.069%	$1.4M	$922K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4652	+0.121%	$1.8M	$545K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4646	0.000%	—	$1.7M	—	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4646	0.000%	$4K	—	10x	as long as short