SOFTBANK

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCSOFTBANKSTOCK_USDT	22.827	−0.1037	get 0.1037% / 8h	2h 05m	$577K	$274K	20x	Long MEXC
SHORT	GateSOFTBANK_USDT	22.870	0	0.0000% / 8h	2h 05m	$276K	$136K	20x	Short Gate

Price gap+0.188%

Funding gap+0.1037% /8h

Both sides work: funding pays +$31 a day on $10k, and the gap is 0.133% above its 7d average: +$13 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$62+0.1037% /8h now · paid +0.618% over the last 7D

Price+$13spread +0.188% now, avg +0.055% → +0.133% if it goes back

Costs−$5975.974% of $10k · taker + slippage, in and out

Result−$522−5.22%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.618% in total, about +0.0294%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.188%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SOFTBANK on 8 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size35.8 / 228.0 bp
At $10k entering Gate costs 228.0 bp, fee and slippage, 6.4× MEXC’s.
Note: Margin at max leverage$500 + $500
MEXC 20x, Gate 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$31.11Long MEXC: 3 payments, +$31.11; short Gate: 3 payments, $0.00.
OK: Entry gap works for you+0.188% vs +0.055%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$276K vs $577K OI
Gate sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Gate Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0294%/8h × 21 periods+$61.80

Price spread+0.188% → +0.055% (7d avg)+$13.34

Slippage, 4 orderslive order books−$578.37

Fee MEXC bp × 2 orders−$4.00

Fee Gate bp × 2 orders−$15.00

Net · 7 days · $10k−$522.23

Costs to cover5.974%Break-even66.2 days

Slippage: MEXC: live order book, 43 min ago; Gate: live order book, 48 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC23.5935.8 bp−$36412.4 bp−$4,124521.7 bp−$52.2Kdoesn’t fit

SELL · SHORTGate36.95228.0 bp−$228doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.