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

ON

all ON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate+0.095%7-day average +0.214% · you sell dearer than you buy
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 days+0.180%+$18 on $10k
Price spread, last 4 days (all we have)+0.102%+$10 · spread now +0.095%, 7d avg +0.214%
Together, before fees+0.282%+$28 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: MEXC is 0.119% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.214%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ON_USDT0.13670.0100pay 0.0050% / 4h21m 14s$305K$33K5x
ShortMEXC ON_USDT0.13680.0100get 0.0050% / 4h21m 14s$1.1M$407K50x

Funding 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 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: +0.095% → +0.214%
−$11.9
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$34.9
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 54 min ago; MEXC: live order book, 5 min ago. 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 Gate live order book, 54 min ago32.38 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago3.65 bp17.5 bp −$18109.8 bp −$1,098321.2 bp −$32.1K589.4 bp −$294.7K

ON on 8 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
edgeX ONUSDC+0.0100%4h0.1365−0.113%$8K$134K10xas long as short
Binance ONUSDT+0.0100%4h0.1369+0.168%$5.9M$3.8M50xas long as short
Gate ON_USDTlong+0.0100%4h0.1367long leg$305K$33K5x
MEXC ON_USDTshort+0.0100%4h0.1368+0.095%$1.1M$407K50x
KuCoin ONUSDTM+0.0100%4h0.1366−0.037%$751K$52K50xas long as short
BingX ON-USDT+0.0100%4h0.1368+0.095%$6.6Mas long as short
Variational Omni ON+0.0100%4h0.1368+0.118%$25K$7Kas long as short
Aster ONUSDT+0.0545%4h0.1368+0.118%$445K$30K5xas long as short