TOKYOEL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetTOKYOELUSDT	80.140	0	0.0000% / 8h	53m 29s	$253K	$1.2M	20x	Long Bitget
SHORT	MEXCTOKYOELSTOCK_USDT	80.180	0	0.0000% / 8h	53m 29s	$367K	$100K	20x	Short MEXC

Price gap+0.050%

Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$7 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding−$310.0000% /8h now · paid −0.309% over the last 7D

Price+$7spread +0.050% now, avg −0.024% → +0.074% if it goes back

Costs−$1801.803% of $10k · taker + slippage, in and out

Result−$204−2.04%no pointsWhat the last 7D really paid, hour by hour → backtest

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+0.050%

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

TOKYOEL on 2 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size30.3 / 23.6 bp
At $10k entering Bitget costs 30.3 bp, fee and slippage, 1.3× MEXC’s.
Note: Margin at max leverage$500 + $500
Bitget 20x, MEXC 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: $0.00Long Bitget: 3 payments, $0.00; short MEXC: 3 payments, $0.00.
OK: Entry gap works for you+0.050% vs −0.024%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$253K vs $367K OI
Bitget sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · MEXC Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0147%/8h × 21 periods−$30.90

Price spread+0.050% → −0.024% (7d avg)+$7.41

Slippage, 4 orderslive order books−$168.28

Fee Bitget bp × 2 orders−$12.00

Fee MEXC bp × 2 orders$0.00

Net · 7 days · $10k−$203.77

Costs to cover1.803%Break-evennever at this rate

Slippage: Bitget: live order book, 2 min ago; MEXC: live order book, 22 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget23.0730.3 bp−$3057.1 bp−$571doesn’t fitdoesn’t fit

SELL · SHORTMEXC10.5923.6 bp−$24112.8 bp−$1,128210.5 bp−$21.0Kdoesn’t fit

Closing costs about the same again.