Funding you earn now, next payment 04:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.94 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Gate−0.084%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.084%, 7d avg −0.031%
=Funding pays, the price is against you. MEXC is 0.053% cheaper against Gate than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.031%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.011% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XPT_USDT | 1,803 | 0.0336 | pay 0.0168% / 4h | 1h 59m | $635K | $427K | 100x |
| Short | MEXC XPT_USDT | 1,801.5 | 0.0524 | get 0.0262% / 4h | 1h 59m | $23.7M | $651K | 100x |
Gate XPT_USDT
MEXC XPT_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
- $39.48
- Price spread: −0.084% → −0.031%
- −$5.29
- Slippage, 4 orders
- −$35.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$16.11
- Costs to cover
- 0.503%
- Break-even
- 9.9 days
Slippage from Gate: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago | 2.44 bp | 16.6 bp −$17 | 21.8 bp −$218 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 5.91 bp | 13.8 bp −$14 | 17.1 bp −$171 | 62.1 bp −$6,206 | 224.9 bp −$112.5K |
XPT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,803 | −0.003% | $11K | $37K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,798.7 | −0.242% | $231 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,799.5 | −0.196% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,801.1 | −0.106% | $13K | $28K | 10x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,800.2 | −0.156% | $306 | — | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,824.7 | +1.203% | $6K | $34K | 52x | as long as short |
| KuCoin XPTUSDTM | +0.0330% | 4h | 1,803.3 | +0.017% | $201K | $17K | 75x | as long as short |
| Gate XPT_USDTlong | +0.0336% | 4h | 1,803 | long leg | $635K | $427K | 100x | |
| tradeXYZ xyz:PLATINUM | +0.0463% | 1h | 1,800.5 | −0.140% | $3.6M | $981K | 20x | as long as short |
| Variational Omni XPT | +0.0466% | 4h | 1,802.8 | −0.014% | $280K | $232K | — | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Aevo PLATINUM-PERP
Injective XPT/USDC PERP
KuCoin XPTUSDTM
tradeXYZ xyz:PLATINUM
Variational Omni XPTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XPTUSDT | +0.0495% | 4h | 1,802.8 | −0.015% | $14K | $10K | 20x | as long as short |
| edgeX XPTUSDC | +0.0505% | 4h | 1,801.4 | −0.090% | $39K | $283K | 10x | as long as short |
| MEXC XPT_USDTshort | +0.0524% | 4h | 1,801.5 | −0.084% | $23.7M | $651K | 100x | |
| Binance XPTUSDT | +0.0530% | 4h | 1,803 | −0.004% | $4.2M | $3.9M | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0583% | 8h | 1,802.5 | −0.028% | $3K | — | 5x | as long as short |
| Bitget XPTUSDT | +0.0622% | 4h | 1,800.9 | −0.120% | $1.3M | $381K | 100x | as long as short |
| Extended XPT-USD | +0.0632% | 1h | 1,799.6 | −0.190% | $204K | $616K | 10x | as long as short |
| Lighter XPT | +0.0744% | 1h | 1,803.7 | +0.037% | $357K | $14K | 20x | as long as short |
| OKX XPT-USDT-SWAP | +0.0745% | 8h | 1,803.3 | +0.015% | $904K | $513K | 50x | as long as short |
| GRVT XPT_USDT_Perp | +0.1002% | 4h | 1,802.6 | −0.023% | $205K | $879K | 25x | as long as short |
Aster XPTUSDT
edgeX XPTUSDC
Binance XPTUSDT
Paradex XPT-USD-PERP
Bitget XPTUSDT
Extended XPT-USD
Lighter XPT
OKX XPT-USDT-SWAP
GRVT XPT_USDT_Perp