Funding you earn now, next payment 12:00 UTC+0.1229%/8h= +134.6% APRpaid last 24h +0.125%
Price spread now: MEXC against Gate−0.245%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$358as in the Price arb table
costs, in and out, $10k−$3303.305% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.245%, 7d avg +0.033%
=Funding pays, the price is against you. MEXC is 0.278% cheaper against Gate than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of +0.033%). If the spread goes back, that is −$28 on $10k: about 18 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.159% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STG_USDT | 0.1224 | 0.0100 | pay 0.0050% / 4h | 1h 54m | $124K | $139K | 25x |
| Short | MEXC STG_USDT | 0.1221 | 0.1329 | get 0.1329% / 8h | 5h 54m | $256K | $85K | 20x |
Gate STG_USDT
MEXC STG_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
- $258.09
- Price spread: −0.245% → +0.033%
- −$27.82
- Slippage, 4 orders
- −$311.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$100.18
- Costs to cover
- 3.305%
- Break-even
- 9.7 days
Slippage from Gate: live order book, 51 min ago; MEXC: live order book, 50 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, 51 min ago | 24.53 bp | 133.7 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 50 min ago | 8.16 bp | 18.0 bp −$18 | 152.5 bp −$1,525 | 387.5 bp −$38.7K | 629.8 bp −$314.9K |
STG on 9 exchanges
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 STG_USDTlong | +0.0100% | 4h | 0.1224 | long leg | $124K | $139K | 25x | |
| KuCoin STGUSDTM | +0.0100% | 4h | 0.1225 | +0.082% | $743K | $210K | 30x | as long as short |
| Binance STGUSDT | +0.1091% | 4h | 0.1223 | −0.082% | $2.6M | $4.8M | 20x | as long as short |
| BingX STG-USDT | +0.1208% | 4h | 0.1221 | −0.245% | — | $1.2M | — | as long as short |
| Bitget STGUSDT | +0.1298% | 4h | 0.1219 | −0.408% | $438K | $1.7M | 50x | as long as short |
| Variational Omni STG | +0.1302% | 8h | 0.1219 | −0.369% | $34K | $29K | — | as long as short |
| MEXC STG_USDTshort | +0.1329% | 8h | 0.1221 | −0.245% | $256K | $85K | 20x | |
| Bybit STGUSDT | +0.1356% | 8h | 0.1221 | −0.204% | $1.1M | $2.3M | 25x | as long as short |
| Kraken Futures PF_STGUSD | +0.9182% | 1h | 0.1227 | +0.258% | $9K | $7K | 10x | as long as short |
KuCoin STGUSDTM
Binance STGUSDT
BingX STG-USDT
Bitget STGUSDT
Variational Omni STG
Bybit STGUSDT
Kraken Futures PF_STGUSD