Funding you earn now, next payment 04:00 UTC+0.0418%/8h= +45.8% APRnext payment +$2.09 per $10,000 · paid last 24h −0.021%
Price spread now: Gate against MEXC−0.047%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1841.842% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.047%, 7d avg −0.117%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Gate is 0.069% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.117%.
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 +$2.09 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 | MEXC GWEI_USDT | 0.02323 | 0.0536 | pay 0.0268% / 4h | 1h 57m | $108K | $84K | 20x |
| Short | Gate GWEI_USDT | 0.02322 | 0.0954 | get 0.0477% / 4h | 1h 57m | $389K | $407K | 10x |
MEXC GWEI_USDT
Gate GWEI_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $87.78
- Price spread: −0.047% → −0.117%
- $6.95
- Slippage, 4 orders
- −$165.16
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$89.44
- Costs to cover
- 1.842%
- Break-even
- 14.1 days
Slippage from MEXC: live order book, 42 min ago; Gate: live order book, 4 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, 42 min ago | 2.15 bp | 21.5 bp −$21 | 118.8 bp −$1,188 | 518.1 bp −$51.8K | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.37 bp | 63.2 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
GWEI on 10 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 | 0.02323 | −0.004% | $455K | $22K | 20x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02335 | +0.499% | $4K | $55 | — | as long as short |
| Extended GWEI-USD | +0.0536% | 1h | 0.02325 | +0.066% | $8K | $125K | 5x | as long as short |
| MEXC GWEI_USDTlong | +0.0536% | 4h | 0.02323 | long leg | $108K | $84K | 20x | |
| Binance GWEIUSDT | +0.0536% | 4h | 0.02322 | −0.043% | $2.4M | $2.6M | 50x | as long as short |
| Bitget GWEIUSDT | +0.0620% | 4h | 0.02321 | −0.086% | $1.9M | $218K | 20x | as long as short |
| Bybit GWEIUSDT | +0.0806% | 4h | 0.02327 | +0.172% | $386K | $124K | 25x | as long as short |
| BingX GWEI-USDT | +0.0842% | 4h | 0.02324 | +0.043% | — | $1.6M | — | as long as short |
| Gate GWEI_USDTshort | +0.0954% | 4h | 0.02322 | −0.047% | $389K | $407K | 10x | |
| Aster GWEIUSDT | +0.1498% | 4h | 0.02321 | −0.086% | $18K | $17K | 10x | as long as short |
KuCoin GWEIUSDTM
Variational Omni GWEI
Extended GWEI-USD
Binance GWEIUSDT
Bitget GWEIUSDT
Bybit GWEIUSDT
BingX GWEI-USDT
Aster GWEIUSDT