Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.36 per $10,000 · paid last 24h −0.109%
Price spread now: MEXC against Gate+0.295%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,859as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,766as in the Price arb table
costs, in and out, $10k−$2,78327.825% of the position
Funding, last 7 days−0.764%−$76 on $10k
+Price spread, last 4 days (all we have)−0.296%−$30 · spread now +0.295%, 7d avg +0.134%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.162% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.134%. Mind the row above: over the last 7 days funding on this pair cost −0.764%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XCN_USDT | 0.004400 | 0.0028 | pay 0.0014% / 4h | 1m 47s | $348K | $98K | 10x |
| Short | MEXC XCN_USDT | 0.004413 | 0.0100 | get 0.0050% / 4h | 1m 47s | $2.3M | $164K | 20x |
Gate XCN_USDT
MEXC XCN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $15.12
- Price spread: +0.295% → +0.134%
- $16.17
- Slippage, 4 orders
- −$2,763.51
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$2,751.21
- Costs to cover
- 27.825%
- Break-even
- 1280.7 days
Slippage from Gate: live order book, 53 min ago; MEXC: live order book, 5 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 Gate live order book, 53 min ago | 11.34 bp | 618.3 bp −$618 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.13 bp | 35.9 bp −$36 | 110.9 bp −$1,109 | 183.2 bp −$18.3K | doesn't fit |
XCN on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XCN_USDTlong | +0.0028% | 4h | 0.004400 | long leg | $348K | $98K | 10x | |
| Aster XCNUSDT | +0.0100% | 1h | 0.004418 | +0.409% | $9K | $3K | 3x | as long as short |
| Bybit XCNUSDT | +0.0100% | 4h | 0.004412 | +0.270% | $1.0M | $1.5M | 5x | as long as short |
| MEXC XCN_USDTshort | +0.0100% | 4h | 0.004413 | +0.295% | $2.3M | $164K | 20x | |
| BingX XCN-USDT | +0.0100% | 4h | 0.004411 | +0.250% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004414 | +0.312% | $10K | $511 | — | as long as short |
| Kraken Futures PF_XCNUSD | +0.0170% | 1h | 0.004415 | +0.350% | $2K | $2K | 10x | as long as short |
Aster XCNUSDT
Bybit XCNUSDT
BingX XCN-USDT
Variational Omni XCN
Kraken Futures PF_XCNUSD