Funding you earn now, next payment 04:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.95 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against MEXC+0.088%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.088%, 7d avg +0.031%
=The price spread pays, funding is against you. Gate is 0.057% dearer against MEXC than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.031%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.011% in total) that is about 35 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 −$0.95 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 | MEXC XPT_USDT | 1,801.3 | 0.0516 | pay 0.0258% / 4h | 2h 00m | $23.7M | $662K | 100x |
| Short | Gate XPT_USDT | 1,802.9 | 0.0326 | get 0.0163% / 4h | 2h 00m | $635K | $433K | 100x |
MEXC XPT_USDT
Gate XPT_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$39.9
- Price spread: +0.088% → +0.031%
- $5.69
- Slippage, 4 orders
- −$37.76
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$86.97
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 65 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, 3 min ago | 5.91 bp | 5.9 bp −$6 | 8.5 bp −$85 | 62.8 bp −$6,276 | 230.2 bp −$115.1K |
| Sell Gate live order book, 65 min ago | 0.52 bp | 16.8 bp −$17 | 21.4 bp −$214 | doesn't fit | doesn't fit |
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 | +0.093% | $11K | $37K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,799.1 | −0.121% | $231 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,799.7 | −0.089% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,800.8 | −0.031% | $13K | $29K | 10x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,803 | +0.095% | $307 | — | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,824.7 | +1.300% | $6K | $34K | 52x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0244% | 1h | 1,800.6 | −0.039% | $3.6M | $983K | 20x | as long as short |
| Gate XPT_USDTshort | +0.0326% | 4h | 1,802.9 | +0.088% | $635K | $433K | 100x | |
| KuCoin XPTUSDTM | +0.0326% | 4h | 1,803.3 | +0.113% | $201K | $17K | 75x | as long as short |
| Variational Omni XPT | +0.0466% | 4h | 1,802.8 | +0.082% | $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
tradeXYZ xyz:PLATINUM
KuCoin XPTUSDTM
Variational Omni XPTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XPTUSDT | +0.0487% | 4h | 1,803 | +0.095% | $14K | $10K | 20x | as long as short |
| edgeX XPTUSDC | +0.0505% | 4h | 1,801.4 | +0.006% | $39K | $283K | 10x | as long as short |
| MEXC XPT_USDTlong | +0.0516% | 4h | 1,801.3 | long leg | $23.7M | $662K | 100x | |
| Binance XPTUSDT | +0.0519% | 4h | 1,803.1 | +0.098% | $4.2M | $3.9M | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0571% | 8h | 1,802.5 | +0.065% | $3K | — | 5x | as long as short |
| Bitget XPTUSDT | +0.0610% | 4h | 1,800.9 | −0.024% | $1.3M | $381K | 100x | as long as short |
| Extended XPT-USD | +0.0616% | 1h | 1,798.9 | −0.135% | $204K | $616K | 10x | as long as short |
| Lighter XPT | +0.0736% | 1h | 1,804 | +0.150% | $357K | $15K | 20x | as long as short |
| OKX XPT-USDT-SWAP | +0.0743% | 8h | 1,803.4 | +0.117% | $904K | $513K | 50x | as long as short |
| GRVT XPT_USDT_Perp | +0.1002% | 4h | 1,802.6 | +0.073% | $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