Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%

Price spread now: Aster against MEXC−0.028%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02494	0.0100	pay 0.0050% / 4h	1h 19m	$617K	$168K	20x
Short	Aster STABLEUSDT	0.02493	0.0100	get 0.0050% / 4h	1h 19m	$19K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → 0.000%: −$2.83
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$18.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 35 min ago; Aster: no order-book sample. Net counts fees only.

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, 35 min ago	4.02 bp	12.0 bp −$12	36.2 bp −$362	228.0 bp −$22.8K	525.6 bp −$262.8K
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin STABLE-USDT	+0.0088%	4h	0.02492	−0.080%	$118K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02506	+0.465%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02494	−0.012%	$877K	$179K	3x	as long as short
Aster STABLEUSDTshort	+0.0100%	4h	0.02493	−0.028%	$19K	$8K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02493	−0.028%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02497	+0.108%	$1.5M	$729K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02495	+0.040%	$201K	$382K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	0.000%	$174K	$57K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02494	long leg	$617K	$168K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.200%	$185K	$29K	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	0.02496	+0.080%	$287K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02495	+0.040%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02495	+0.022%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02493	−0.028%	$2K	$831K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02494	−0.019%	$14K	$138K	10x	as long as short