Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.138%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1351.351% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.138%, 7d avg +0.015%

Together, before fees+0.218%+$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.153% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC NOT_USDT	0.0005077	0.0100	pay 0.0050% / 4h	20m 25s	$1.3M	$434K	200x
Short	Gate NOT_USDT	0.0005070	0.0100	get 0.0050% / 4h	20m 25s	$141K	$70K	50x

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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → +0.015%: −$15.32
Slippage, 4 orders: −$116.08
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$150.4
Costs to cover: 1.351%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 30 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, 1 min ago	0.99 bp	9.3 bp −$9	50.0 bp −$500	91.4 bp −$9,136	112.8 bp −$56.4K
Sell Gate live order book, 30 min ago	10.94 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0321%	4h	0.0005068	−0.176%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0208%	4h	0.0005072	−0.098%	$471K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.998%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0093%	4h	0.0005075	−0.039%	$111K	$16K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005086	+0.181%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.138%	$360K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005078	+0.020%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005078	+0.012%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005074	−0.059%	$2.1M	$854K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005076	−0.020%	$643K	$670K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005070	−0.138%	$141K	$70K	50x
MEXC NOT_USDTlong	+0.0100%	4h	0.0005077	long leg	$1.3M	$434K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005081	+0.079%	$674K	$415K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005079	+0.039%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005077	−0.007%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1699%	1h	0.0005083	+0.122%	$50K	$8K	10x	as long as short