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 −0.060%

Price spread now: MEXC against Gate−0.159%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −0.159%, 7d avg −0.016%

Together, before fees−0.036%−$4 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 0.143% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ID_USDT	0.03782	0.0100	pay 0.0050% / 4h	2h 03m	$250K	$249K	25x
Short	MEXC ID_USDT	0.03776	0.0100	get 0.0050% / 4h	2h 03m	$407K	$187K	20x

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 −0.159%Rate

Funding earned: $0
Price spread: −0.159% → −0.016%: −$14.31
Slippage, 4 orders: −$88.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$121.69
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; MEXC: live order book, 47 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, 58 min ago	2.65 bp	36.1 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 47 min ago	1.33 bp	9.4 bp −$9	29.0 bp −$290	124.7 bp −$12.5K	180.8 bp −$90.4K

ID 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
Aster IDUSDT	+0.0100%	4h	0.03781	−0.014%	$9K	$147	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03778	−0.109%	$2.4M	$3.7M	50x	as long as short
Bybit IDUSDT	+0.0100%	8h	0.03776	−0.159%	$1.4M	$1.1M	25x	as long as short
Gate ID_USDTlong	+0.0100%	4h	0.03782	long leg	$250K	$249K	25x
MEXC ID_USDTshort	+0.0100%	4h	0.03776	−0.159%	$407K	$187K	20x
KuCoin IDUSDTM	+0.0100%	4h	0.03777	−0.132%	$1.1M	$69K	30x	as long as short
Bitget IDUSDT	+0.0100%	4h	0.03784	+0.053%	$808K	$653K	50x	as long as short
BingX ID-USDT	+0.0100%	4h	0.03781	−0.026%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03780	−0.044%	$12K	$20K	—	as long as short
Kraken Futures PF_IDUSD	+0.0498%	1h	0.03784	+0.065%	$4K	$2K	10x	as long as short