Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC+0.217%7-day average −0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$260as in the Price arb table

costs, in and out, $10k−$2952.949% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 7 days−0.288%−$29 · spread now +0.217%, 7d avg −0.128%

Together, before fees−0.533%−$53 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 0.345% dearer against MEXC than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06925	0.0100	pay 0.0050% / 4h	1h 54m	$6.2M	$1.2M	20x
Short	Gate H_USDT	0.06940	0.0100	get 0.0050% / 4h	1h 54m	$2.9M	$1.8M	10x

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 +0.217%Rate

Funding earned: $0
Price spread: +0.217% → −0.128%: $34.49
Slippage, 4 orders: −$275.87
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.38
Costs to cover: 2.949%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 3 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	2.89 bp	13.6 bp −$14	63.0 bp −$630	134.2 bp −$13.4K	doesn't fit
Sell Gate live order book, 3 min ago	2.89 bp	166.7 bp −$167	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.747%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06934	+0.137%	$113K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06933	+0.116%	$14.8M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06916	−0.130%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06931	+0.087%	$1.8M	$6.5M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06940	+0.217%	$2.9M	$1.8M	10x
MEXC H_USDTlong	+0.0100%	4h	0.06925	long leg	$6.2M	$1.2M	20x
KuCoin HUSDTM	+0.0100%	4h	0.06928	+0.043%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06932	+0.101%	$1.7M	$452K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06954	+0.419%	—	$2.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06931	+0.091%	$9K	$7K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06926	+0.014%	$1.1M	$451K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06962	+0.536%	$14K	$95K	5x	as long as short
BloFin H-USDT	+0.0106%	4h	0.06953	+0.404%	$595K	$114K	25x	as long as short