SAFE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0866%/8h= −94.8% APRnext payment −$4.33 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.140%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$3093.095% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.140%, 7d avg +0.056%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.083% dearer against Gate than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.056%): +$8 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.014% in total) that is about 43 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.33 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 SAFE_USDT	0.1074	0.0966	pay 0.0483% / 4h	2h 54m	$698K	$69K	50x
Short	MEXC SAFE_USDT	0.1075	0.0100	get 0.0050% / 4h	2h 54m	$391K	$127K	100x

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 +0.140%Rate

Funding earned: −$181.86
Price spread: +0.140% → +0.056%: $8.33
Slippage, 4 orders: −$290.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$483.01
Costs to cover: 3.095%
Break-even: never at this rate

Slippage from Gate: live order book, 12 min ago; MEXC: live order book, 61 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, 12 min ago	6.90 bp	124.7 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 61 min ago	4.63 bp	11.5 bp −$11	68.6 bp −$686	452.6 bp −$45.3K	doesn't fit

SAFE on 9 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−6.678%	$9	$19K	5.5x	as long as short
BloFin SAFE-USDT	+0.0079%	4h	0.1075	+0.158%	$75K	$6K	50x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1075	+0.112%	$1.1M	$2.2M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1072	−0.121%	$1.3M	$670K	25x	as long as short
MEXC SAFE_USDTshort	+0.0100%	4h	0.1075	+0.140%	$391K	$127K	100x
Bitget SAFEUSDT	+0.0100%	4h	0.1074	+0.028%	$391K	$271K	50x	as long as short
BingX SAFE-USDT	+0.0100%	4h	0.1074	−0.019%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1070	−0.300%	$3K	$3K	—	as long as short
Gate SAFE_USDTlong	+0.0966%	4h	0.1074	long leg	$698K	$69K	50x