Funding arb · Price arb /

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Swap Backtest

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+0.017%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$418as in the Funding arb table

Net, price: spread back to 7d avg − costs−$423as in the Price arb table

costs, in and out, $10k−$4164.162% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.017%, 7d avg +0.087%

Together, before fees−0.050%−$5 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 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate W_USDT	0.01178	0.0100	pay 0.0050% / 4h	23m 26s	$445K	$291K	75x
Short	MEXC W_USDT	0.01179	0.0100	get 0.0050% / 4h	23m 26s	$12.8M	$1.5M	50x

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 +0.017%Rate

Funding earned: $0
Price spread: +0.017% → +0.087%: −$7.01
Slippage, 4 orders: −$397.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$423.24
Costs to cover: 4.162%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; MEXC: live order book, 5 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	8.07 bp	191.8 bp −$192	23952.3 bp −$239.5K	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.27 bp	7.5 bp −$7	56.2 bp −$562	94.3 bp −$9,427	185.5 bp −$92.8K

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0428%	1h	0.01180	+0.110%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAP	−0.0020%	4h	0.01178	−0.059%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.597%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01180	+0.136%	$2.0M	$421K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01178	−0.017%	$2.9M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01177	−0.085%	$4.1M	$1.9M	50x	as long as short
Gate W_USDTlong	+0.0100%	4h	0.01178	long leg	$445K	$291K	75x
MEXC W_USDTshort	+0.0100%	4h	0.01179	+0.017%	$12.8M	$1.5M	50x
KuCoin WUSDTM	+0.0100%	4h	0.01181	+0.221%	$464K	$215K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01178	−0.034%	$1.3M	$572K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01178	−0.017%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01178	−0.024%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01180	+0.151%	$130K	$363K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01179	+0.012%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01183	+0.382%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0536%	1h	0.01181	+0.204%	$44K	$46K	15x	as long as short
Kraken Futures PF_WUSD	+0.0719%	1h	0.01182	+0.323%	$146K	$181K	20x	as long as short