Funding you earn now, next payment 04:00 UTC−0.0544%/8h= −59.6% APRnext payment −$2.72 per $10,000 · paid last 24h −0.147%
Price spread now: Gate against MEXC−0.228%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$249as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2122.116% of the position
Funding, last 7 days−0.371%−$37 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now −0.228%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.088% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.371% in total (about -19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 | MEXC US_USDT | 0.01621 | 0.0644 | pay 0.0322% / 4h | 2h 54m | $5.4M | $112K | 100x |
| Short | Gate US_USDT | 0.01618 | 0.0100 | get 0.0050% / 4h | 2h 54m | $2.0M | $569K | 20x |
MEXC US_USDT
Gate US_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
- −$114.24
- Price spread: −0.228% → −0.140%
- −$8.84
- Slippage, 4 orders
- −$192.64
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$334.72
- Costs to cover
- 2.116%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago | 2.45 bp | 26.9 bp −$27 | 69.4 bp −$694 | 406.1 bp −$40.6K | doesn't fit |
| Sell Gate live order book, 3 min ago | 13.84 bp | 82.7 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit USUSDT | +0.0100% | 4h | 0.01621 | −0.019% | $3.2M | $889K | 20x | as long as short |
| Gate US_USDTshort | +0.0100% | 4h | 0.01618 | −0.228% | $2.0M | $569K | 20x | |
| KuCoin USUSDTM | +0.0100% | 4h | 0.01616 | −0.302% | $4.1M | $278K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01620 | −0.065% | $16K | $3K | — | as long as short |
| Bitget USUSDT | +0.0276% | 4h | 0.01621 | −0.037% | $4.3M | $251K | 10x | as long as short |
| Aster USUSDT | +0.0543% | 4h | 0.01617 | −0.249% | $12K | $53K | 5x | as long as short |
| BloFin US-USDT | +0.0609% | 4h | 0.01621 | −0.019% | $476K | $48K | 10x | as long as short |
| Extended US-USD | +0.0624% | 1h | 0.01621 | −0.029% | $2K | $100K | 5x | as long as short |
| Binance USUSDT | +0.0626% | 4h | 0.01622 | +0.020% | $9.1M | $3.2M | 10x | as long as short |
| BingX US-USDT | +0.0640% | 4h | 0.01622 | +0.031% | — | $1.3M | — | as long as short |
Bybit USUSDT
KuCoin USUSDTM
Variational Omni US
Bitget USUSDT
Aster USUSDT
BloFin US-USDT
Extended US-USD
Binance USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC US_USDTlong | +0.0644% | 4h | 0.01621 | long leg | $5.4M | $112K | 100x |