Funding arb · Price arb /

SKL

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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 −0.126%

Price spread now: Gate against MEXC+0.021%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1811.813% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.021%, 7d avg −0.050%

Together, before fees−0.141%−$14 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 0.072% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKL_USDT	0.004679	0.0100	pay 0.0050% / 4h	1h 14m	$405K	$203K	20x
Short	Gate SKL_USDT	0.004680	0.0100	get 0.0050% / 4h	1h 14m	$195K	$243K	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 +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.050%: $7.19
Slippage, 4 orders: −$162.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$174.11
Costs to cover: 1.813%
Break-even: never at this rate

Slippage from MEXC: live order book, 31 min ago; Gate: live order book, 42 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, 31 min ago	2.16 bp	16.1 bp −$16	62.9 bp −$629	224.6 bp −$22.5K	doesn't fit
Sell Gate live order book, 42 min ago	21.46 bp	78.8 bp −$79	doesn't fit	doesn't fit	doesn't fit

SKL 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
BloFin SKL-USDT	+0.0090%	4h	0.004677	−0.043%	$187K	$44K	50x	as long as short
Binance SKLUSDT	+0.0100%	4h	0.004679	−0.005%	$2.8M	$8.9M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004679	0.000%	$914K	$1.0M	25x	as long as short
Gate SKL_USDTshort	+0.0100%	4h	0.004680	+0.021%	$195K	$243K	50x
MEXC SKL_USDTlong	+0.0100%	4h	0.004679	long leg	$405K	$203K	20x
KuCoin SKLUSDTM	+0.0100%	4h	0.004684	+0.107%	$837K	$348K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004679	0.000%	$506K	$885K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004681	+0.043%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004674	−0.105%	$718	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.1852%	1h	0.004689	+0.215%	$5K	$5K	10x	as long as short