Funding you earn now, next payment 00:00 UTC−4.0294%/8h= −4412.2% APRnext payment −$201.47 per $10,000 · paid last 24h −1.275%
Price spread now: Gate against MEXC−6.416%7-day average −0.621% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$2,578as in the Price arb table
costs, in and out, $10k−$1,99819.980% of the position
Funding, last 5 days (all we have)−1.371%−$137 on $10k
+Price spread, last 4 days (all we have)+5.631%+$563 · spread now −6.416%, 7d avg −0.621%
=Both sides work against this trade now: funding costs −$1,209 a day on $10k at the current rate, and Gate is 5.795% cheaper against MEXC than usual: you would sell low and buy high (−$580 if the spread goes back to its 7-day average of −0.621%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -1.371% in total (about -107.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$201.47 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 MUSEBOOK_USDT | 0.0002297 | 0.0294 | pay 0.0147% / 4h | 22m 35s | $372K | $504K | 20x |
| Short | Gate MUSEBOOK_USDT | 0.0002150 | −4.0000 | pay 2.0000% / 4h | 22m 35s | $326K | $2.8M | 10x |
MEXC MUSEBOOK_USDT
Gate MUSEBOOK_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
- −$8,461.74
- Price spread: −6.416% → −0.621%
- −$579.52
- Slippage, 4 orders
- −$1,979.03
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$11,039.29
- Costs to cover
- 19.980%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 28 min ago; Gate: 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 MEXC live order book, 28 min ago | 26.59 bp | 794.1 bp −$794 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 15.46 bp | 264.0 bp −$264 | doesn't fit | doesn't fit | doesn't fit |
MUSEBOOK on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MUSEBOOK_USDTshort | −4.0000% | 4h | 0.0002150 | −6.416% | $326K | $2.8M | 10x | |
| BingX MUSEBOOK-USDT | +0.0206% | 4h | 0.0002309 | +0.483% | — | $1.4M | — | as long as short |
| MEXC MUSEBOOK_USDTlong | +0.0294% | 4h | 0.0002297 | long leg | $372K | $504K | 20x |
BingX MUSEBOOK-USDT