Funding you earn now, next payment 00:00 UTC+0.0198%/8h= +21.7% APRnext payment +$1.98 per $10,000 · paid last 24h +0.019%
Price spread now: Gate against MEXC+0.014%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.014%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.030% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USDC_USDT | 0.9995 | −0.0098 | get 0.0098% / 8h | 1h 40m | $16.6M | $265K | 200x |
| Short | Gate USDC_USDT | 0.9996 | 0.0100 | get 0.0100% / 8h | 1h 40m | $253K | $19K | 50x |
MEXC USDC_USDT
Gate USDC_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
- $41.58
- Price spread: +0.014% → −0.016%
- $2.98
- Slippage, 4 orders
- −$7.37
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $14.18
- Costs to cover
- 0.304%
- Break-even
- 4.6 days
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 36 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, 3 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$413 | 4.6 bp −$2,310 |
| Sell Gate live order book, 36 min ago | 3.00 bp | 10.5 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0099% | 8h | 0.9994 | −0.002% | $4.3M | $3.7M | 50x | as long as short |
| MEXC USDC_USDTlong | −0.0098% | 8h | 0.9995 | long leg | $16.6M | $265K | 200x | |
| Bitget USDCUSDT | −0.0072% | 8h | 0.9993 | −0.016% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9997 | +0.029% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0005% | 8h | 0.9994 | −0.006% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.064% | $9.5M | $336K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.052% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0100% | 8h | 0.9996 | +0.014% | $253K | $19K | 50x |
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP