Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.163%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1761.757% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.163%, 7d avg +0.119%

Together, before fees−0.102%−$10 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 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005538	0.0100	pay 0.0050% / 4h	3h 01m	$791K	$615K	30x
Short	MEXC ATH_USDT	0.005547	0.0100	get 0.0050% / 4h	3h 01m	$9.0M	$675K	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 +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.119%: $4.33
Slippage, 4 orders: −$152.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$171.36
Costs to cover: 1.757%
Break-even: never at this rate

Slippage from Gate: live order book, 30 min ago; MEXC: live order book, 1 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, 30 min ago	6.47 bp	76.9 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.70 bp	15.6 bp −$16	66.5 bp −$665	161.3 bp −$16.1K	doesn't fit

ATH on 13 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_ATHUSD	−0.1671%	1h	0.005549	+0.206%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0136%	4h	0.005534	−0.080%	$186K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005544	+0.109%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005547	+0.158%	$4K	$44K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005546	+0.136%	$3.3M	$4.1M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005533	−0.090%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005537	−0.018%	$715K	$1.3M	20x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005538	long leg	$791K	$615K	30x
MEXC ATH_USDTshort	+0.0100%	4h	0.005547	+0.163%	$9.0M	$675K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005538	0.000%	$553K	$78K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005546	+0.144%	$1.6M	$933K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005540	+0.036%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0159%	4h	0.005552	+0.253%	$161K	$71K	75x	as long as short