Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.176%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$970.971% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.191%−$19 · spread now +0.176%, 7d avg +0.053%

Together, before fees−0.172%−$17 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 0.123% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06821	0.0100	pay 0.0050% / 4h	1m 43s	$535K	$600K	50x
Short	MEXC BASED_USDT	0.06833	0.0100	get 0.0050% / 4h	1m 43s	$4.9M	$596K	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 +0.176%Rate

Funding earned: $0
Price spread: +0.176% → +0.053%: $12.33
Slippage, 4 orders: −$78.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$84.79
Costs to cover: 0.971%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; MEXC: live order book, 6 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, 54 min ago	8.81 bp	35.8 bp −$36	6063.3 bp −$60.6K	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.47 bp	11.2 bp −$11	45.5 bp −$455	210.7 bp −$21.1K	756.2 bp −$378.1K

BASED on 15 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
BloFin BASED-USDT	+0.0045%	4h	0.06821	0.000%	$258K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06824	+0.038%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06832	+0.161%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06819	−0.029%	$2.1M	$706K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06830	+0.132%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06821	long leg	$535K	$600K	50x
MEXC BASED_USDTshort	+0.0100%	4h	0.06833	+0.176%	$4.9M	$596K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06820	−0.015%	$578K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06836	+0.220%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06811	−0.147%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06803	−0.259%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06780	−0.601%	$95K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06824	+0.044%	$2K	$901K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06832	+0.168%	$2K	$201K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06824	+0.044%	$3K	$664	10x	as long as short