Funding you earn now, next payment 08:00 UTC−0.0190%/8h= −20.8% APRnext payment −$0.95 per $10,000 · paid last 24h −0.013%
Price spread now: MEXC against Gate−0.268%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1281.278% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.268%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.243% cheaper against Gate than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.95 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 MANTRA_USDT | 0.004480 | 0.0290 | pay 0.0145% / 4h | 1h 46m | $192K | $108K | 50x |
| Short | MEXC MANTRA_USDT | 0.004468 | 0.0100 | get 0.0050% / 4h | 1h 46m | $1.3M | $213K | 50x |
Gate MANTRA_USDT
MEXC MANTRA_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
- −$39.9
- Price spread: −0.268% → −0.024%
- −$24.35
- Slippage, 4 orders
- −$108.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$192.07
- Costs to cover
- 1.278%
- Break-even
- never at this rate
Slippage from Gate: live order book, 55 min ago; MEXC: live order book, 5 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, 55 min ago | 10.09 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.11 bp | 9.5 bp −$9 | 60.8 bp −$608 | 504.9 bp −$50.5K | doesn't fit |
MANTRA on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MANTRA-USDT | +0.0089% | 4h | 0.004484 | +0.089% | $132K | $24K | 50x | as long as short |
| Aster MANTRAUSDT | +0.0100% | 4h | 0.004475 | −0.114% | $22K | $9K | 5x | as long as short |
| Binance MANTRAUSDT | +0.0100% | 4h | 0.004469 | −0.246% | $2.0M | $3.2M | 50x | as long as short |
| MEXC MANTRA_USDTshort | +0.0100% | 4h | 0.004468 | −0.268% | $1.3M | $213K | 50x | |
| KuCoin MANTRAUSDTM | +0.0100% | 4h | 0.004479 | −0.022% | $421K | $215K | 50x | as long as short |
| Bitget MANTRAUSDT | +0.0100% | 4h | 0.004471 | −0.201% | $924K | $380K | 50x | as long as short |
| BingX MANTRA-USDT | +0.0100% | 4h | 0.004471 | −0.201% | — | $1.7M | — | as long as short |
| Gate MANTRA_USDTlong | +0.0290% | 4h | 0.004480 | long leg | $192K | $108K | 50x |
BloFin MANTRA-USDT
Aster MANTRAUSDT
Binance MANTRAUSDT
KuCoin MANTRAUSDTM
Bitget MANTRAUSDT
BingX MANTRA-USDT