Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0288%/8h= +31.5% APRnext payment +$1.44 per $10,000 · paid last 24h +0.016%
Price spread now: Gate against MEXC+0.178%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$878as in the Funding arb table
Net, price: spread back to 7d avg − costs−$885as in the Price arb table
costs, in and out, $10k−$9059.052% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.274%+$27 on $10k
Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.178%, 7d avg −0.027%
Together, before fees+0.135%+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.204% dearer against MEXC than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 4_USDT0.020230.0460pay 0.0230% / 4h2h 59m$1.9M$969K100x
ShortGate 4_USDT0.020270.0748get 0.0374% / 4h2h 59m$555K$302K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$60.48
Price spread: +0.178% → −0.027%
$20.45
Slippage, 4 orders
−$886.15
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$824.22
Costs to cover
9.052%
Break-even
102.4 days
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago4.94 bp18.3 bp −$18109.0 bp −$1,090274.7 bp −$27.5Kdoesn't fit
Sell Gate live order book, 32 min ago8.24 bp529.5 bp −$530doesn't fitdoesn't fitdoesn't fit

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 4USDT+0.0100%4h0.02020−0.153%$2.7M$2.1M5xas long as short
Variational Omni 4+0.0100%4h0.02020−0.137%$49K$12Kas long as short
SunX 4-USDT+0.0100%4h0.02024+0.049%$2K$1.5M20xas long as short
KuCoin 4USDTM+0.0182%4h0.020230.000%$893K$12.1M20xas long as short
Aster 4USDT+0.0378%4h0.02023−0.010%$238K$118K5xas long as short
BingX 4-USDT+0.0434%4h0.02034+0.554%$1.4Mas long as short
MEXC 4_USDTlong+0.0460%4h0.02023long leg$1.9M$969K100x
Binance 4USDT+0.0460%4h0.02023+0.015%$8.0M$14.3M20xas long as short
Gate 4_USDTshort+0.0748%4h0.02027+0.178%$555K$302K20x