Funding you earn now, next payment 12:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%
Price spread now: MEXC against Gate−0.202%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.202%, 7d avg −0.105%
=Funding pays, the price is against you. MEXC is 0.097% cheaper against Gate than usual: you would sell low and buy high (spread −0.202% now, against its 7-day average of −0.105%). If the spread goes back, that is −$10 on $10k: about 43 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.019% in total) that is about 36 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GBPUSD_USDT | 1.3381 | 0 | get 0.0000% / 8h | 7h 43m | $223K | $10K | 100x |
| Short | MEXC GBP_USDT | 1.3354 | 0.0180 | get 0.0090% / 4h | 3h 43m | $26.0M | $252K | 100x |
Gate GBPUSD_USDT
MEXC GBP_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
- $37.8
- Price spread: −0.202% → −0.105%
- −$9.69
- Slippage, 4 orders
- −$25.76
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$20.65
- Costs to cover
- 0.488%
- Break-even
- 10.8 days
Slippage from Gate: live order book, 47 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, 47 min ago | 2.61 bp | 25.4 bp −$25 | 182.9 bp −$1,829 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.12 bp | 5.4 bp −$5 | 5.8 bp −$58 | 8.4 bp −$838 | 52.6 bp −$26.3K |
GBP on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi GBP/USDT-P | −0.0056% | 1h | 1.3350 | −0.229% | $22K | $45K | 20x | as long as short |
| Lighter GBPUSD | 0.0000% | 1h | 1.3347 | −0.256% | $193K | $982K | 50x | as long as short |
| Gate GBPUSD_USDTlong | 0.0000% | 8h | 1.3381 | long leg | $223K | $10K | 100x | |
| Bitget GBPUSDUSDT | 0.0000% | 8h | 1.3353 | −0.209% | $12K | $9K | 100x | as long as short |
| SunX GBPUSD-USDT | 0.0000% | 1h | 1.3357 | −0.179% | — | $2.3M | 10x | as long as short |
| Kraken Futures PF_GBPUSD | 0.0000% | 1h | 1.3345 | −0.266% | $989 | — | 20x | as long as short |
| HTX GBPUSD-USDT | 0.0000% | 1h | 1.3366 | −0.112% | $5K | $336K | 20x | as long as short |
| Nado GBPUSD-PERP | +0.0010% | 1h | 1.3354 | −0.204% | $16K | $1K | 40x | as long as short |
| Vest GBP-USD-PERP | +0.0039% | 1h | 1.3343 | −0.286% | — | $5K | 100x | as long as short |
| tradeXYZ xyz:GBP | +0.0045% | 1h | 1.3356 | −0.187% | $248K | $354K | 50x | as long as short |
Hibachi GBP/USDT-P
Lighter GBPUSD
Bitget GBPUSDUSDT
SunX GBPUSD-USDT
Kraken Futures PF_GBPUSD
HTX GBPUSD-USDT
Nado GBPUSD-PERP
Vest GBP-USD-PERP
tradeXYZ xyz:GBPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GBP_USDTshort | +0.0180% | 4h | 1.3354 | −0.202% | $26.0M | $252K | 100x | |
| Injective GBPUSD/USDC PERP | +0.0220% | 1h | 1.3504 | +0.916% | $11K | $72K | 101x | as long as short |
| Bybit GBPUSDUSDT | +0.0459% | 8h | 1.3374 | −0.056% | $270K | $67K | 100x | as long as short |
Injective GBPUSD/USDC PERP
Bybit GBPUSDUSDT