Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRnext payment −$2.48 per $10,000 · paid last 24h −0.039%
Price spread now: MEXC against Gate+0.049%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.049%, 7d avg +0.016%
=The price spread pays, funding is against you. MEXC is 0.033% dearer against Gate than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.016%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.210% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9990 | 0.0100 | pay 0.0100% / 8h | 7h 34m | $253K | $35K | 50x |
| Short | MEXC USDC_USDT | 0.9995 | −0.0148 | pay 0.0148% / 8h | 7h 34m | $19.4M | $586K | 200x |
Gate USDC_USDT
MEXC USDC_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
- −$52.08
- Price spread: +0.049% → +0.016%
- $3.34
- Slippage, 4 orders
- −$7.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$79.09
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Gate: live order book, 32 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, 32 min ago | 2.50 bp | 12.1 bp −$12 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$411 | 4.6 bp −$2,303 |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0149% | 8h | 0.9995 | +0.049% | $4.4M | $3.8M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0148% | 8h | 0.9995 | +0.049% | $19.4M | $586K | 200x | |
| Bitget USDCUSDT | −0.0130% | 8h | 0.9995 | +0.050% | $4.3M | $17K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0059% | 8h | 0.9990 | +0.004% | $2.5M | $19K | 30x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0021% | 1h | 0.9998 | +0.076% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.110% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.098% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0100% | 8h | 0.9990 | long leg | $253K | $35K | 50x |
Binance USDCUSDT
Bitget USDCUSDT
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP