Funding arb · Price arb /

GDX

RWAall GDX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate0.000%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3043.038% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now 0.000%, 7d avg +0.043%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.043% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GDX_USDT	94.250	0	get 0.0000% / 8h	3h 30m	$168K	$146K	20x
Short	MEXC GDX_USDT	94.250	0	get 0.0000% / 8h	3h 30m	$843K	$88K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.043%: −$4.29
Slippage, 4 orders: −$288.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$308.06
Costs to cover: 3.038%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; MEXC: live order book, 15 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, 16 min ago	10.62 bp	166.1 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 15 min ago	4.77 bp	29.7 bp −$30	160.6 bp −$1,606	221.5 bp −$22.2K	doesn't fit

GDX 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
edgeX GDXUSDC	−0.0468%	4h	94.247	−0.004%	$96K	$226K	10x	as long as short
Binance GDXUSDT	0.0000%	8h	94.240	−0.010%	$421K	$261K	20x	as long as short
Bybit GDXUSDT	0.0000%	8h	94.250	0.000%	$241K	$39K	25x	as long as short
Gate GDX_USDTlong	0.0000%	8h	94.250	long leg	$168K	$146K	20x
MEXC GDX_USDTshort	0.0000%	8h	94.250	0.000%	$843K	$88K	20x
Bitget GDXUSDT	0.0000%	8h	94.300	+0.053%	$282K	$338K	20x	as long as short
HTX GDX-USDT	0.0000%	8h	94.270	+0.021%	$8K	$320K	20x	as long as short
Vest GDX-USD-PERP	+0.0046%	1h	94.290	+0.042%	—	—	25x	as long as short