Funding you earn now, next payment 08:00 UTC−0.0828%/8h= −90.7% APRnext payment −$4.14 per $10,000 · paid last 24h +0.189%
Price spread now: MEXC against Gate−0.285%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$405as in the Funding arb table
Net, price: spread back to 7d avg − costs−$398as in the Price arb table
costs, in and out, $10k−$3853.849% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.285%, 7d avg −0.150%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.135% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.150%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.14 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 BULLA_USDT | 0.1057 | 0.1782 | pay 0.0891% / 4h | 1h 54m | $1.3M | $383K | 10x |
| Short | MEXC BULLA_USDT | 0.1054 | 0.0954 | get 0.0477% / 4h | 1h 54m | $7.6M | $398K | 20x |
Gate BULLA_USDT
MEXC BULLA_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
- −$173.88
- Price spread: −0.285% → −0.150%
- −$13.49
- Slippage, 4 orders
- −$365.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$572.3
- Costs to cover
- 3.849%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 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, 3 min ago | 1.37 bp | 209.6 bp −$210 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.95 bp | 24.4 bp −$24 | 63.2 bp −$632 | 488.2 bp −$48.8K | doesn't fit |
BULLA on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BULLAUSDT | +0.0100% | 4h | 0.1053 | −0.405% | $5.9M | $1.1M | 5x | as long as short |
| BingX BULLA-USDT | +0.0926% | 4h | 0.1054 | −0.285% | — | $6.6M | — | as long as short |
| Binance BULLAUSDT | +0.0950% | 4h | 0.1054 | −0.310% | $11.7M | $10.0M | 10x | as long as short |
| MEXC BULLA_USDTshort | +0.0954% | 4h | 0.1054 | −0.285% | $7.6M | $398K | 20x | |
| Gate BULLA_USDTlong | +0.1782% | 4h | 0.1057 | long leg | $1.3M | $383K | 10x |
Aster BULLAUSDT
BingX BULLA-USDT
Binance BULLAUSDT