Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against MEXC−0.191%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on MEXC Short on Gate

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)+0.213%+$21 · spread now −0.191%, 7d avg −0.051%

Together, before fees+0.194%+$19 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: Gate is 0.140% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06818	0.0100	pay 0.0050% / 4h	4m 27s	$4.8M	$647K	50x
Short	Gate BASED_USDT	0.06805	0.0100	get 0.0050% / 4h	4m 27s	$541K	$544K	50x

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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → −0.051%: −$14.01
Slippage, 4 orders: −$70.14
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.16
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 7 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 MEXC live order book, 3 min ago	2.20 bp	12.5 bp −$13	44.6 bp −$446	202.2 bp −$20.2K	710.8 bp −$355.4K
Sell Gate live order book, 7 min ago	8.10 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	+0.0073%	4h	0.06807	−0.161%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06821	+0.043%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06808	−0.147%	$2.1M	$595K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06813	−0.073%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06805	−0.191%	$541K	$544K	50x
MEXC BASED_USDTlong	+0.0100%	4h	0.06818	long leg	$4.8M	$647K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06801	−0.249%	$570K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06809	−0.132%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06811	−0.103%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06794	−0.358%	$93K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	−0.116%	$99K	$374K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06796	−0.323%	$1K	$831K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06807	−0.168%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0257%	4h	0.06807	−0.164%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0295%	4h	0.06817	−0.015%	$3K	$652	10x	as long as short