Funding arb · Price arb /

S

all S markets

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 −0.004%

Price spread now: MEXC against Gate+0.317%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.317%, 7d avg +0.054%

Together, before fees−0.397%−$40 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 0.263% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate S_USDT	0.04098	0.0100	pay 0.0050% / 4h	1h 08m	$337K	$201K	50x
Short	MEXC S_USDT	0.04111	0.0100	get 0.0050% / 4h	1h 08m	$4.0M	$1.8M	200x

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

Position, each leg$Hold fordaysFee GatebpFee MEXCbpOrdersPrice spread, now +0.317%Rate

Funding earned: $0
Price spread: +0.317% → +0.054%: $26.32
Slippage, 4 orders: −$130.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$123.46
Costs to cover: 1.498%
Break-even: never at this rate

Slippage from Gate: live order book, 52 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, 52 min ago	8.67 bp	65.9 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.22 bp	3.6 bp −$4	55.4 bp −$554	269.3 bp −$26.9K	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1664%	1h	0.03960	−3.367%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1679%	1h	0.04092	−0.138%	$34K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.855%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04100	+0.059%	$1K	—	100x	as long as short
Variational Omni S	−0.0108%	4h	0.04110	+0.298%	$636K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04096	−0.056%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04101	+0.072%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.049%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0068%	4h	0.04099	+0.024%	$102K	$325K	10x	as long as short
Lighter S	+0.0096%	1h	0.04107	+0.220%	$172K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04104	+0.139%	$1.0M	$556K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04100	+0.057%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04107	+0.211%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04104	+0.146%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04104	+0.146%	$1.1M	$4.0M	20x	as long as short
Gate S_USDTlong	+0.0100%	4h	0.04098	long leg	$337K	$201K	50x
MEXC S_USDTshort	+0.0100%	4h	0.04111	+0.317%	$4.0M	$1.8M	200x
KuCoin SUSDTM	+0.0100%	4h	0.04108	+0.244%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04106	+0.195%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04104	+0.146%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04120	+0.537%	$25K	$451K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04098	−0.002%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04098	0.000%	$281K	$104K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0726%	1h	0.04104	+0.146%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1545%	1h	0.04110	+0.293%	$121K	$374K	5x	as long as short