Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.052%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1701.696% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.052%, 7d avg −0.025%

Together, before fees+0.042%+$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 −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SENT_USDT	0.01918	0.0100	pay 0.0050% / 4h	2h 08m	$479K	$241K	20x
Short	Gate SENT_USDT	0.01917	0.0100	get 0.0050% / 4h	2h 08m	$270K	$81K	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 −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.025%: −$2.76
Slippage, 4 orders: −$150.58
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$172.33
Costs to cover: 1.696%
Break-even: never at this rate

Slippage from MEXC: live order book, 51 min ago; Gate: live order book, 53 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, 51 min ago	2.62 bp	11.9 bp −$12	67.7 bp −$677	306.2 bp −$30.6K	doesn't fit
Sell Gate live order book, 53 min ago	5.24 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit

SENT 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
Aster SENTUSDT	+0.0100%	4h	0.01917	−0.032%	$8K	$6K	5x	as long as short
Binance SENTUSDT	+0.0100%	4h	0.01916	−0.121%	$6.1M	$3.2M	75x	as long as short
Bybit SENTUSDT	+0.0100%	4h	0.01916	−0.094%	$1.9M	$1.0M	50x	as long as short
OKX SENT-USDT-SWAP	+0.0100%	4h	0.01916	−0.104%	$1.1M	$793K	50x	as long as short
Gate SENT_USDTshort	+0.0100%	4h	0.01917	−0.052%	$270K	$81K	50x
MEXC SENT_USDTlong	+0.0100%	4h	0.01918	long leg	$479K	$241K	20x
KuCoin SENTUSDTM	+0.0100%	4h	0.01915	−0.156%	$578K	$122K	50x	as long as short
Bitget SENTUSDT	+0.0100%	4h	0.01916	−0.104%	$1.1M	$356K	20x	as long as short
BingX SENT-USDT	+0.0100%	4h	0.01917	−0.052%	—	$1.8M	—	as long as short
SunX SENT-USDT	+0.0100%	4h	0.01915	−0.156%	$3K	$1.2M	20x	as long as short