Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.162%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.162%, 7d avg −0.053%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.109% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02473	0.0100	pay 0.0050% / 4h	2h 39m	—	$6.6M	—
Short	MEXC STABLE_USDT	0.02469	0.0100	get 0.0050% / 4h	2h 39m	$659K	$157K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.053%: −$10.85
Slippage, 4 orders: −$59.57
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$88.43
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; MEXC: live order book, 44 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 BingX live order book, 2 min ago	8.09 bp	32.1 bp −$32	83.2 bp −$832	662.4 bp −$66.2K	1122.3 bp −$561.1K
Sell MEXC live order book, 44 min ago	2.02 bp	14.6 bp −$15	43.3 bp −$433	232.0 bp −$23.2K	698.2 bp −$349.1K

STABLE on 15 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
Aster STABLEUSDT	−0.0313%	4h	0.02469	−0.162%	$19K	$7K	20x	as long as short
Hyperliquid STABLE	+0.0064%	1h	0.02468	−0.182%	$871K	$234K	3x	as long as short
BloFin STABLE-USDT	+0.0073%	4h	0.02467	−0.243%	$114K	$8K	75x	as long as short
Bybit STABLEUSDT	+0.0084%	4h	0.02472	−0.040%	$1.5M	$819K	25x	as long as short
Lighter STABLE	+0.0096%	1h	0.02487	+0.570%	$114K	$3K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02467	−0.225%	$2.4M	$2.7M	75x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02471	−0.081%	$204K	$417K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	−0.121%	$171K	$87K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02469	−0.162%	$659K	$157K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02476	+0.121%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02474	+0.040%	$291K	$116K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02473	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02473	+0.001%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02471	−0.085%	$2K	$644K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02468	−0.202%	$12K	$175K	10x	as long as short