Funding you earn now, next payment 08:00 UTC−0.0396%/8h= −43.4% APRnext payment −$1.98 per $10,000 · paid last 24h −0.074%
Price spread now: Gate against MEXC−0.019%7-day average +0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$249as in the Price arb table
costs, in and out, $10k−$2382.380% of the position
Funding, last 7 days−0.433%−$43 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.019%, 7d avg +0.091%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Gate is 0.110% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.091%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC T_USDT | 0.005180 | −0.0010 | get 0.0005% / 4h | 2h 35m | $3.1M | $226K | 20x |
| Short | Gate T_USDT | 0.005179 | −0.0406 | pay 0.0203% / 4h | 2h 35m | $211K | $85K | 20x |
MEXC T_USDT
Gate T_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
- −$83.16
- Price spread: −0.019% → +0.091%
- −$11.04
- Slippage, 4 orders
- −$218.96
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$332.16
- Costs to cover
- 2.380%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 6 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, 2 min ago | 0.97 bp | 7.6 bp −$8 | 25.6 bp −$256 | 110.9 bp −$11.1K | doesn't fit |
| Sell Gate live order book, 6 min ago | 6.76 bp | 113.0 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1720% | 1h | 0.005191 | +0.211% | $4K | $4K | 10x | as long as short |
| Gate T_USDTshort | −0.0406% | 4h | 0.005179 | −0.019% | $211K | $85K | 20x | |
| Bitget TUSDT | −0.0014% | 4h | 0.005179 | −0.019% | $896K | $545K | 50x | as long as short |
| Binance TUSDT | −0.0010% | 4h | 0.005184 | +0.073% | $3.2M | $7.0M | 50x | as long as short |
| MEXC T_USDTlong | −0.0010% | 4h | 0.005180 | long leg | $3.1M | $226K | 20x | |
| Variational Omni T | +0.0030% | 4h | 0.005176 | −0.083% | $7K | $6K | — | as long as short |
| Bybit TUSDT | +0.0100% | 4h | 0.005185 | +0.097% | $1.5M | $1.5M | 25x | as long as short |
| KuCoin TUSDTM | +0.0100% | 4h | 0.005180 | 0.000% | $1.3M | $85K | 12x | as long as short |
Kraken Futures PF_TUSD
Bitget TUSDT
Binance TUSDT
Variational Omni T
Bybit TUSDT
KuCoin TUSDTM