Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h +0.077%
Price spread now: MEXC against Gate+0.155%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2332.330% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.155%, 7d avg −0.093%
=The price spread pays, funding is against you. MEXC is 0.248% dearer against Gate than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of −0.093%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.313%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate T_USDT | 0.005169 | −0.0360 | get 0.0180% / 4h | 2h 43m | $213K | $84K | 20x |
| Short | MEXC T_USDT | 0.005177 | −0.0460 | pay 0.0230% / 4h | 2h 43m | $3.1M | $228K | 20x |
Gate T_USDT
MEXC T_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
- −$21
- Price spread: +0.155% → −0.093%
- $24.79
- Slippage, 4 orders
- −$214.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$229.22
- Costs to cover
- 2.330%
- Break-even
- never at this rate
Slippage from Gate: live order book, 18 min ago; MEXC: live order book, 8 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, 18 min ago | 6.79 bp | 103.0 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 1.94 bp | 12.5 bp −$12 | 37.8 bp −$378 | 134.0 bp −$13.4K | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2911% | 1h | 0.005166 | −0.057% | $2K | $2K | 10x | as long as short |
| KuCoin TUSDTM | −0.0488% | 4h | 0.005172 | +0.058% | $1.3M | $80K | 12x | as long as short |
| MEXC T_USDTshort | −0.0460% | 4h | 0.005177 | +0.155% | $3.1M | $228K | 20x | |
| Variational Omni T | −0.0455% | 4h | 0.005161 | −0.161% | $8K | $9K | — | as long as short |
| Binance TUSDT | −0.0449% | 4h | 0.005175 | +0.116% | $3.3M | $8.0M | 50x | as long as short |
| Gate T_USDTlong | −0.0360% | 4h | 0.005169 | long leg | $213K | $84K | 20x | |
| Bitget TUSDT | −0.0278% | 4h | 0.005167 | −0.039% | $891K | $567K | 50x | as long as short |
| Bybit TUSDT | −0.0053% | 4h | 0.005171 | +0.039% | $1.6M | $1.6M | 25x | as long as short |
Kraken Futures PF_TUSD
KuCoin TUSDTM
Variational Omni T
Binance TUSDT
Bitget TUSDT
Bybit TUSDT