Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.077%
Price spread now: Gate against MEXC+0.019%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2212.214% of the position
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.019%, 7d avg +0.094%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.074% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.094%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC T_USDT | 0.005146 | −0.0836 | get 0.0418% / 4h | 3h 42m | $3.1M | $256K | 20x |
| Short | Gate T_USDT | 0.005147 | −0.1074 | pay 0.0537% / 4h | 3h 42m | $212K | $99K | 20x |
MEXC T_USDT
Gate T_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.98
- Price spread: +0.019% → +0.094%
- −$7.41
- Slippage, 4 orders
- −$202.35
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$278.74
- Costs to cover
- 2.214%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 24 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, 5 min ago | 0.97 bp | 8.5 bp −$9 | 19.6 bp −$196 | 97.6 bp −$9,759 | doesn't fit |
| Sell Gate live order book, 24 min ago | 5.80 bp | 109.2 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.3824% | 1h | 0.005142 | −0.080% | $2K | $2K | 10x | as long as short |
| Gate T_USDTshort | −0.1074% | 4h | 0.005147 | +0.019% | $212K | $99K | 20x | |
| KuCoin TUSDTM | −0.0846% | 4h | 0.005139 | −0.136% | $1.3M | $83K | 12x | as long as short |
| MEXC T_USDTlong | −0.0836% | 4h | 0.005146 | long leg | $3.1M | $256K | 20x | |
| Variational Omni T | −0.0827% | 4h | 0.005135 | −0.210% | $8K | $9K | — | as long as short |
| Binance TUSDT | −0.0826% | 4h | 0.005147 | +0.016% | $3.3M | $8.6M | 50x | as long as short |
| Bitget TUSDT | −0.0574% | 4h | 0.005138 | −0.155% | $878K | $642K | 50x | as long as short |
| Bybit TUSDT | −0.0532% | 4h | 0.005143 | −0.058% | $1.6M | $1.7M | 25x | as long as short |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Binance TUSDT
Bitget TUSDT
Bybit TUSDT