Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRnext payment −$2.04 per $10,000 · paid last 24h −0.019%
Price spread now: MEXC against Gate−0.015%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.015%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.031% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9996 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $253K | $19K | 50x |
| Short | MEXC USDC_USDT | 0.9994 | −0.0104 | pay 0.0104% / 8h | 1h 27m | $16.6M | $267K | 200x |
Gate USDC_USDT
MEXC USDC_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
- −$42.84
- Price spread: −0.015% → +0.016%
- −$3.08
- Slippage, 4 orders
- −$7.37
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$76.29
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Gate: live order book, 49 min ago; MEXC: live order book, 1 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, 49 min ago | 3.00 bp | 11.8 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$414 | 4.7 bp −$2,340 |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0105% | 8h | 0.9994 | −0.016% | $4.3M | $3.7M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0104% | 8h | 0.9994 | −0.015% | $16.6M | $267K | 200x | |
| Bitget USDCUSDT | −0.0081% | 8h | 0.9993 | −0.030% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0045% | 1h | 0.9998 | +0.016% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0009% | 8h | 0.9994 | −0.020% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.050% | $9.5M | $336K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.038% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0100% | 8h | 0.9996 | long leg | $253K | $19K | 50x |
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
Bybit USDCUSDT
OKX USDC-USDT-SWAP