Funding you earn now, next payment 08:00 UTC+0.1091%/8h= +119.5% APRnext payment +$10.91 per $10,000 · paid last 24h +0.046%
Price spread now: MEXC against Gate−0.023%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$272as in the Price arb table
costs, in and out, $10k−$2692.689% of the position
Funding, last 7 days+0.311%+$31 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now −0.023%, 7d avg +0.006%
=Funding pays, the price is against you. MEXC is 0.029% cheaper against Gate than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.311% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.311% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.91 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SOXX_USDT | 555.70 | 0 | get 0.0000% / 8h | 33m 08s | $1.1M | $394K | 20x |
| Short | MEXC SOXX_USDT | 555.57 | 0.1091 | get 0.1091% / 8h | 33m 08s | $2.7M | $140K | 50x |
Gate SOXX_USDT
MEXC SOXX_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
- $229.11
- Price spread: −0.023% → +0.006%
- −$2.94
- Slippage, 4 orders
- −$253.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$42.71
- Costs to cover
- 2.689%
- Break-even
- 8.3 days
Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago | 22.48 bp | 152.9 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.34 bp | 2.3 bp −$2 | 3.2 bp −$32 | 158.4 bp −$15.8K | doesn't fit |
SOXX on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SOXXUSDT | −0.0242% | 8h | 555.46 | −0.043% | $2.6M | $719K | 20x | as long as short |
| Bybit SOXXUSDT | 0.0000% | 8h | 554.07 | −0.293% | $508K | $574K | 25x | as long as short |
| Gate SOXX_USDTlong | 0.0000% | 8h | 555.70 | long leg | $1.1M | $394K | 20x | |
| HTX SOXX-USDT | 0.0000% | 8h | 552.66 | −0.547% | $7K | $40K | 10x | as long as short |
| MEXC SOXX_USDTshort | +0.1091% | 8h | 555.57 | −0.023% | $2.7M | $140K | 50x |
Bitget SOXXUSDT
Bybit SOXXUSDT
HTX SOXX-USDT