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 Bitget−0.080%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1611.610% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.080%, 7d avg −0.030%

Together, before fees−0.006%−$1 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 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02495	0.0100	pay 0.0050% / 4h	34m 52s	$294K	$116K	25x
Short	MEXC STABLE_USDT	0.02493	0.0100	get 0.0050% / 4h	34m 52s	$665K	$155K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → −0.030%: −$4.98
Slippage, 4 orders: −$141
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$165.97
Costs to cover: 1.610%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; MEXC: live order book, 35 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 Bitget live order book, 35 min ago	2.03 bp	74.9 bp −$75	262.8 bp −$2,628	doesn't fit	doesn't fit
Sell MEXC live order book, 35 min ago	2.03 bp	13.1 bp −$13	42.1 bp −$421	226.6 bp −$22.7K	633.0 bp −$316.5K

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	+0.0080%	4h	0.02494	−0.046%	$19K	$6K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02506	+0.445%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02495	−0.004%	$880K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02494	−0.044%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02496	+0.044%	$1.5M	$755K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02496	+0.040%	$205K	$410K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	−0.040%	$172K	$88K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02493	−0.080%	$665K	$155K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.160%	$180K	$28K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02495	long leg	$294K	$116K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02494	−0.040%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02495	+0.009%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02494	−0.044%	$2K	$669K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02494	−0.059%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0152%	4h	0.02495	0.000%	$113K	$7K	75x	as long as short