Funding you earn now, next payment 04:00 UTC−0.1114%/8h= −122.0% APRnext payment −$5.57 per $10,000 · paid last 24h −0.167%
Price spread now: MEXC against Gate−0.044%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1481.484% of the position
Funding, last 7 days+0.255%+$26 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.044%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and MEXC is 0.034% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.255% in total (about 13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate VTHO_USDT | 0.0006853 | −0.2344 | get 0.1172% / 4h | 1h 58m | $374K | $421K | 25x |
| Short | MEXC VTHO_USDT | 0.0006850 | −0.3458 | pay 0.1729% / 4h | 1h 58m | $1.7M | $209K | 20x |
Gate VTHO_USDT
MEXC VTHO_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
- −$233.94
- Price spread: −0.044% → −0.010%
- −$3.42
- Slippage, 4 orders
- −$129.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$385.71
- Costs to cover
- 1.484%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 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, 3 min ago | 5.10 bp | 75.2 bp −$75 | 8798.0 bp −$88.0K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.46 bp | 11.8 bp −$12 | 42.5 bp −$425 | 118.1 bp −$11.8K | doesn't fit |
VTHO on 5 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 VTHOUSDT | −0.3458% | 4h | 0.0006846 | −0.105% | $5.1M | $14.6M | 50x | as long as short |
| MEXC VTHO_USDTshort | −0.3458% | 4h | 0.0006850 | −0.044% | $1.7M | $209K | 20x | |
| BingX VTHO-USDT | −0.3432% | 4h | 0.0006852 | −0.015% | — | $1.4M | — | as long as short |
| Bitget VTHOUSDT | −0.3114% | 4h | 0.0006850 | −0.044% | $1.2M | $1.5M | 50x | as long as short |
| Gate VTHO_USDTlong | −0.2344% | 4h | 0.0006853 | long leg | $374K | $421K | 25x |
Binance VTHOUSDT
BingX VTHO-USDT
Bitget VTHOUSDT