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Funding arb · Price arb /

B2

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0390%/8h= −42.7% APRnext payment −$1.95 per $10,000 · paid last 24h +0.139%
Price spread now: Gate against MEXC−0.041%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1311.307% of the position
Long on MEXCShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.110%−$11 on $10k
Price spread, last 4 days (all we have)−0.308%−$31 · spread now −0.041%, 7d avg −0.108%
Together, before fees−0.418%−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.067% dearer against MEXC than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.108%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.110% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.95 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC B2_USDT0.48600.0922pay 0.0461% / 4h3h 55m$544K$508K100x
ShortGate B2_USDT0.48580.0532get 0.0266% / 4h3h 55m$846K$431K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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

Funding earned
−$81.9
Price spread: −0.041% → −0.108%
$6.73
Slippage, 4 orders
−$107.74
Fee MEXC: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$205.91
Costs to cover
1.307%
Break-even
never at this rate
Slippage from MEXC: live order book, 9 min ago; Gate: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 9 min ago1.03 bp16.5 bp −$1679.2 bp −$792249.1 bp −$24.9Kdoesn't fit
Sell Gate live order book, 16 min ago12.33 bp50.2 bp −$50233.5 bp −$2,335doesn't fitdoesn't fit

B2 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit B2USDT+0.0100%4h0.4853−0.144%$1.5M$2.7M20xas long as short
Gate B2_USDTshort+0.0532%4h0.4858−0.041%$846K$431K20x
MEXC B2_USDTlong+0.0922%4h0.4860long leg$544K$508K100x
Binance B2USDT+0.0924%4h0.4862+0.039%$7.8M$12.7M50xas long as short
Aster B2USDT+0.0979%4h0.4849−0.233%$151K$175K5xas long as short
BingX B2-USDT+0.1094%4h0.4856−0.082%—$1.4M—as long as short
Bitget B2USDT+0.1130%4h0.4857−0.062%$2.7M$1.4M50xas long as short
KuCoin B2USDTM+0.1644%4h0.4851−0.185%$1.0M$319K50xas long as short
Variational Omni B2+0.1825%4h0.4850−0.209%$13K$2K—as long as short