Funding you earn now, next payment 16:00 UTC−0.0497%/8h= −54.4% APRnext payment −$4.97 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against MEXC0.000%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now 0.000%, 7d avg −0.064%
=The price spread pays, funding is against you. Bitget is 0.064% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.064%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 10 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.97 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GDX_USDT | 94.490 | 0.0497 | pay 0.0497% / 8h | 4h 51m | $833K | $88K | 20x |
| Short | Bitget GDXUSDT | 94.490 | 0 | get 0.0000% / 8h | 4h 51m | $289K | $689K | 20x |
MEXC GDX_USDT
Bitget GDXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$104.37
- Price spread: 0.000% → −0.064%
- $6.45
- Slippage, 4 orders
- −$100.07
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$209.99
- Costs to cover
- 1.121%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 47 min ago; Bitget: live order book, 48 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, 47 min ago | 8.98 bp | 41.5 bp −$42 | 159.4 bp −$1,594 | 229.2 bp −$22.9K | doesn't fit |
| Sell Bitget live order book, 48 min ago | 14.26 bp | 20.8 bp −$21 | 41.7 bp −$417 | doesn't fit | doesn't fit |
GDX on 8 exchanges
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 | −0.0530% | 4h | 94.633 | +0.152% | $96K | $224K | 10x | as long as short |
| Bybit GDXUSDT | 0.0000% | 8h | 94.510 | +0.021% | $252K | $64K | 25x | as long as short |
| Gate GDX_USDT | 0.0000% | 8h | 94.660 | +0.180% | $144K | $198K | 20x | as long as short |
| Bitget GDXUSDTshort | 0.0000% | 8h | 94.490 | 0.000% | $289K | $689K | 20x | |
| HTX GDX-USDT | 0.0000% | 8h | 94.560 | +0.074% | $8K | $314K | 20x | as long as short |
| Vest GDX-USD-PERP | +0.0046% | 1h | 94.470 | −0.021% | — | — | 25x | as long as short |
| MEXC GDX_USDTlong | +0.0497% | 8h | 94.490 | long leg | $833K | $88K | 20x | |
| Binance GDXUSDT | +0.0502% | 8h | 94.622 | +0.139% | $492K | $437K | 20x | as long as short |
edgeX GDXUSDC
Bybit GDXUSDT
Gate GDX_USDT
HTX GDX-USDT
Vest GDX-USD-PERP
Binance GDXUSDT