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−0.039%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$398as in the Funding arb table

Net, price: spread back to 7d avg − costs−$403as in the Price arb table

costs, in and out, $10k−$3973.967% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.039%, 7d avg +0.023%

Together, before fees+0.061%+$6 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 0.063% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LAYER_USDT	0.07670	0.0100	pay 0.0050% / 4h	52m 50s	$340K	$114K	20x
Short	Gate LAYER_USDT	0.07667	0.0100	get 0.0050% / 4h	52m 50s	$137K	$55K	20x

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 −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.023%: −$6.25
Slippage, 4 orders: −$381.71
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$402.96
Costs to cover: 3.967%
Break-even: never at this rate

Slippage from MEXC: live order book, 8 min ago; Gate: live order book, 18 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, 8 min ago	1.96 bp	12.1 bp −$12	53.5 bp −$535	181.0 bp −$18.1K	doesn't fit
Sell Gate live order book, 18 min ago	11.15 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0545%	1h	0.07671	+0.019%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.163%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0074%	4h	0.07658	−0.156%	$113K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07675	+0.069%	$591K	$166K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07666	−0.051%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07666	−0.052%	$2.1M	$2.4M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07659	−0.143%	$705K	$665K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07667	−0.039%	$137K	$55K	20x
MEXC LAYER_USDTlong	+0.0100%	4h	0.07670	long leg	$340K	$114K	20x
Bitget LAYERUSDT	+0.0100%	4h	0.07671	+0.013%	$1.1M	$166K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07670	0.000%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07640	−0.391%	$26K	$184K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07665	−0.060%	$2K	$174K	5x	as long as short