Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.39 per $10,000 · paid last 24h +0.109%
Price spread now: Gate against MEXC−0.362%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,701as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,800as in the Price arb table
costs, in and out, $10k−$2,77727.769% of the position
Funding, last 7 days+0.764%+$76 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.362%, 7d avg −0.134%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.228% cheaper against MEXC than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.134%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.764%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XCN_USDT | 0.004419 | 0.0100 | pay 0.0050% / 4h | 51m 21s | $2.3M | $158K | 20x |
| Short | Gate XCN_USDT | 0.004403 | 0.0022 | get 0.0011% / 4h | 51m 21s | $351K | $95K | 10x |
MEXC XCN_USDT
Gate XCN_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
- −$16.38
- Price spread: −0.362% → −0.134%
- −$22.84
- Slippage, 4 orders
- −$2,757.93
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,816.14
- Costs to cover
- 27.769%
- Break-even
- never at this rate
Slippage from MEXC: live order book, just now; Gate: live order book, 4 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, just now | 2.27 bp | 27.9 bp −$28 | 109.4 bp −$1,094 | 184.3 bp −$18.4K | doesn't fit |
| Sell Gate live order book, 4 min ago | 11.34 bp | 2103.8 bp −$2,104 | doesn't fit | doesn't fit | 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_USDTshort | +0.0022% | 4h | 0.004403 | −0.362% | $351K | $95K | 10x | |
| Aster XCNUSDT | +0.0100% | 1h | 0.004420 | +0.032% | $9K | $4K | 3x | as long as short |
| Bybit XCNUSDT | +0.0100% | 4h | 0.004415 | −0.088% | $1.0M | $1.5M | 5x | as long as short |
| MEXC XCN_USDTlong | +0.0100% | 4h | 0.004419 | long leg | $2.3M | $158K | 20x | |
| BingX XCN-USDT | +0.0100% | 4h | 0.004413 | −0.136% | — | $1.6M | — | as long as short |
| Variational Omni XCN | +0.0100% | 4h | 0.004426 | +0.165% | $10K | $511 | — | as long as short |
| Kraken Futures PF_XCNUSD | +0.0170% | 1h | 0.004416 | −0.075% | $2K | $2K | 10x | as long as short |
Aster XCNUSDT
Bybit XCNUSDT
BingX XCN-USDT
Variational Omni XCN
Kraken Futures PF_XCNUSD