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

INIT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against MEXC−0.012%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC INIT_USDT0.083170.0100pay 0.0050% / 4h2h 25m$451K$212K20x
ShortGate INIT_USDT0.083160.0100get 0.0100% / 8h6h 25m$84K$55K25x

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
$0
Price spread: −0.012% → 0.000%
−$1.2
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$20.2
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 33 min ago; Gate: no order-book sample. Net counts fees only.

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, 33 min ago0.60 bp9.8 bp −$1078.4 bp −$784254.0 bp −$25.4Kdoesn't fit
Sell Gate no order-book sample
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

INIT on 12 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
Kraken Futures PF_INITUSD+0.0034%1h0.08323+0.074%$5K$17K10xas long as short
Hyperliquid INIT+0.0100%1h0.08315−0.023%$302K$232K3xas long as short
Aster INITUSDT+0.0100%4h0.08289−0.339%$27K$37K5xas long as short
Binance INITUSDT+0.0100%4h0.08319+0.020%$3.4M$3.7M25xas long as short
Bybit INITUSDT+0.0100%4h0.08311−0.072%$1.4M$1.5M25xas long as short
OKX INIT-USDT-SWAP+0.0100%4h0.08313−0.048%$137K$655K10xas long as short
Gate INIT_USDTshort+0.0100%8h0.08316−0.012%$84K$55K25x
MEXC INIT_USDTlong+0.0100%4h0.08317long leg$451K$212K20x
KuCoin INITUSDTM+0.0100%4h0.08315−0.024%$331K$54K25xas long as short
Bitget INITUSDT+0.0100%4h0.08316−0.012%$433K$303K25xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX INIT-USDT+0.0100%4h0.08319+0.024%$6.6Mas long as short
Variational Omni INIT+0.0100%4h0.08311−0.071%$26K$23Kas long as short