Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: MEXC against Gate−0.039%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1371.374% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.039%, 7d avg −0.015%

Together, before fees−0.040%−$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 0.024% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005070	0.0100	pay 0.0050% / 4h	23m 14s	$141K	$70K	50x
Short	MEXC NOT_USDT	0.0005068	0.0100	get 0.0050% / 4h	23m 14s	$1.3M	$433K	200x

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 −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.015%: −$2.41
Slippage, 4 orders: −$118.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$139.76
Costs to cover: 1.374%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; MEXC: 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 Gate live order book, 27 min ago	10.94 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.99 bp	10.9 bp −$11	37.8 bp −$378	90.0 bp −$9,004	112.5 bp −$56.2K

NOT on 16 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
Variational Omni NOT	−0.0348%	4h	0.0005058	−0.235%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0216%	4h	0.0005062	−0.158%	$471K	$129K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.866%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005080	+0.191%	$11K	$4K	3x	as long as short
BloFin NOT-USDT	+0.0100%	4h	0.0005064	−0.118%	$110K	$16K	50x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	0.000%	$360K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005067	−0.065%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005068	−0.030%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005063	−0.138%	$2.1M	$856K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005069	−0.020%	$642K	$672K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTlong	+0.0100%	4h	0.0005070	long leg	$141K	$70K	50x
MEXC NOT_USDTshort	+0.0100%	4h	0.0005068	−0.039%	$1.3M	$433K	200x
Bitget NOTUSDT	+0.0100%	4h	0.0005074	+0.079%	$673K	$415K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005067	−0.059%	—	$724K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005066	−0.078%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1701%	1h	0.0005077	+0.135%	$50K	$9K	10x	as long as short