Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Gate+0.134%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$662as in the Funding arb table

Net, price: spread back to 7d avg − costs−$651as in the Price arb table

costs, in and out, $10k−$6606.605% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.134%, 7d avg +0.036%

Together, before fees−0.089%−$9 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 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ALT_USDT	0.007486	0.0100	pay 0.0100% / 8h	1h 19m	$50K	$417K	25x
Short	MEXC ALT_USDT	0.007496	0.0100	get 0.0050% / 4h	1h 19m	$388K	$190K	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 +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.036%: $9.75
Slippage, 4 orders: −$641.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$650.72
Costs to cover: 6.605%
Break-even: never at this rate

Slippage from Gate: live order book, 61 min ago; MEXC: live order book, 54 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, 61 min ago	11.35 bp	387.7 bp −$388	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 54 min ago	0.67 bp	10.7 bp −$11	53.8 bp −$538	260.7 bp −$26.1K	468.5 bp −$234.2K

ALT on 14 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
Variational Omni ALT	−0.0199%	4h	0.007487	+0.014%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0017%	1h	0.007492	+0.080%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.403%	$815	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0047%	4h	0.007488	+0.027%	$1.2M	$1.6M	25x	as long as short
BloFin ALT-USDT	+0.0090%	4h	0.007493	+0.094%	$172K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007491	+0.067%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007496	+0.134%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007486	long leg	$50K	$417K	25x
MEXC ALT_USDTshort	+0.0100%	4h	0.007496	+0.134%	$388K	$190K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007497	+0.147%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007484	−0.027%	$615K	$100K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007492	+0.080%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0348%	1h	0.007496	+0.128%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.427%	$14K	$3K	50x	as long as short