Funding arb · Price arb /

SAFE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.084%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3083.081% of the position

Long on MEXC Short on Gate

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)+0.026%+$3 · spread now −0.084%, 7d avg −0.056%

Together, before fees+0.039%+$4 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: Gate is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SAFE_USDT	0.1075	0.0100	pay 0.0050% / 4h	33m 46s	$391K	$137K	100x
Short	Gate SAFE_USDT	0.1075	0.0100	get 0.0050% / 4h	33m 46s	$702K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.056%: −$2.76
Slippage, 4 orders: −$289.09
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$310.85
Costs to cover: 3.081%
Break-even: never at this rate

Slippage from MEXC: live order book, 27 min ago; Gate: live order book, 43 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 MEXC live order book, 27 min ago	4.16 bp	11.9 bp −$12	68.0 bp −$680	501.8 bp −$50.2K	doesn't fit
Sell Gate live order book, 43 min ago	6.98 bp	166.3 bp −$166	doesn't fit	doesn't fit	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	−6.825%	$9	$19K	5.5x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1075	+0.002%	$1.1M	$2.1M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1073	−0.186%	$1.3M	$647K	25x	as long as short
Gate SAFE_USDTshort	+0.0100%	4h	0.1075	−0.084%	$702K	$71K	50x
MEXC SAFE_USDTlong	+0.0100%	4h	0.1075	long leg	$391K	$137K	100x
Bitget SAFEUSDT	+0.0100%	4h	0.1076	+0.056%	$404K	$257K	50x	as long as short
BingX SAFE-USDT	+0.0100%	4h	0.1075	−0.028%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1074	−0.174%	$3K	$3K	—	as long as short
BloFin SAFE-USDT	+0.0130%	4h	0.1078	+0.270%	$73K	$6K	50x	as long as short