Funding you earn now, next payment 04:00 UTC−0.0828%/8h= −90.7% APRnext payment −$4.14 per $10,000 · paid last 24h +0.021%
Price spread now: MEXC against Gate−0.026%7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$203as in the Price arb table
costs, in and out, $10k−$1891.894% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.026%, 7d avg +0.115%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.141% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.115%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.14 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate GWEI_USDT | 0.02309 | 0.1094 | pay 0.0547% / 4h | 1h 09m | $389K | $426K | 10x |
| Short | MEXC GWEI_USDT | 0.02308 | 0.0266 | get 0.0133% / 4h | 1h 09m | $107K | $87K | 20x |
Gate GWEI_USDT
MEXC GWEI_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$173.88
- Price spread: −0.026% → +0.115%
- −$14.13
- Slippage, 4 orders
- −$170.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$377.37
- Costs to cover
- 1.894%
- Break-even
- never at this rate
Slippage from Gate: live order book, 51 min ago; MEXC: live order book, 25 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, 51 min ago | 5.37 bp | 79.8 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 25 min ago | 2.17 bp | 22.7 bp −$23 | 120.2 bp −$1,202 | 423.9 bp −$42.4K | doesn't fit |
GWEI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GWEIUSDTM | +0.0100% | 4h | 0.02303 | −0.256% | $452K | $23K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02312 | +0.128% | $4K | $55 | — | as long as short |
| BloFin GWEI-USDT | +0.0253% | 4h | 0.02307 | −0.069% | $173K | $31K | 50x | as long as short |
| Bitget GWEIUSDT | +0.0262% | 4h | 0.02306 | −0.113% | $1.9M | $229K | 20x | as long as short |
| Extended GWEI-USD | +0.0264% | 1h | 0.02307 | −0.051% | $5K | $123K | 5x | as long as short |
| Bybit GWEIUSDT | +0.0265% | 4h | 0.02311 | +0.104% | $386K | $137K | 25x | as long as short |
| MEXC GWEI_USDTshort | +0.0266% | 4h | 0.02308 | −0.026% | $107K | $87K | 20x | |
| Binance GWEIUSDT | +0.0267% | 4h | 0.02308 | −0.026% | $2.3M | $2.7M | 50x | as long as short |
| BingX GWEI-USDT | +0.0306% | 4h | 0.02310 | +0.061% | — | $1.6M | — | as long as short |
| Gate GWEI_USDTlong | +0.1094% | 4h | 0.02309 | long leg | $389K | $426K | 10x |
KuCoin GWEIUSDTM
Variational Omni GWEI
BloFin GWEI-USDT
Bitget GWEIUSDT
Extended GWEI-USD
Bybit GWEIUSDT
Binance GWEIUSDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1429% | 4h | 0.02306 | −0.113% | $19K | $18K | 10x | as long as short |
Aster GWEIUSDT