Funding you earn now, next payment 08:00 UTC+0.0194%/8h= +21.2% APRnext payment +$1.94 per $10,000 · paid last 24h +0.039%
Price spread now: Gate against MEXC−0.038%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.038%, 7d avg −0.017%
=Funding pays, the price is against you. Gate is 0.021% cheaper against MEXC than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC USDC_USDT | 0.9996 | −0.0141 | get 0.0141% / 8h | 3h 50m | $20.8M | $740K | 200x |
| Short | Gate USDC_USDT | 0.9992 | 0.0053 | get 0.0053% / 8h | 3h 50m | $253K | $39K | 50x |
MEXC USDC_USDT
Gate USDC_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
- $40.74
- Price spread: −0.038% → −0.017%
- −$2.13
- Slippage, 4 orders
- −$11.25
- Fee MEXC: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $4.36
- Costs to cover
- 0.343%
- Break-even
- 6.3 days
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 61 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, 3 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$414 | 4.6 bp −$2,324 |
| Sell Gate live order book, 61 min ago | 3.50 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0143% | 8h | 0.9994 | −0.018% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0141% | 8h | 0.9996 | −0.001% | $4.7M | $4.5M | 50x | as long as short |
| MEXC USDC_USDTlong | −0.0141% | 8h | 0.9996 | long leg | $20.8M | $740K | 200x | |
| Bitget USDCUSDT | −0.0128% | 8h | 0.9996 | +0.002% | $4.3M | $16K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0066% | 1h | 0.9998 | +0.017% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.052% | $9.5M | $346K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.041% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0053% | 8h | 0.9992 | −0.038% | $253K | $39K | 50x |
KuCoin USDCUSDTM
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP