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: Bybit against MEXC+0.137%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.137%, 7d avg +0.079%

Together, before fees−0.254%−$25 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: Bybit is 0.059% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02473	0.0100	pay 0.0050% / 4h	1h 54m	$660K	$154K	20x
Short	Bybit STABLEUSDT	0.02476	0.0100	get 0.0050% / 4h	1h 54m	$1.5M	$799K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.079%: $5.88
Slippage, 4 orders: −$90.15
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$103.26
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from MEXC: live order book, 21 min ago; Bybit: live order book, 2 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, 21 min ago	4.05 bp	13.7 bp −$14	49.7 bp −$497	230.3 bp −$23.0K	751.9 bp −$376.0K
Sell Bybit live order book, 2 min ago	4.04 bp	33.7 bp −$34	217.0 bp −$2,170	doesn't fit	doesn't fit

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	−0.0318%	4h	0.02473	+0.001%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0078%	4h	0.02470	−0.121%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02487	+0.546%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02474	+0.032%	$872K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02474	+0.040%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDTshort	+0.0100%	4h	0.02476	+0.137%	$1.5M	$799K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02472	−0.040%	$204K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02471	−0.081%	$171K	$86K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02473	long leg	$660K	$154K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	+0.040%	$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	0.02476	+0.121%	$292K	$117K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02474	+0.040%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.032%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02477	+0.154%	$2K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02474	+0.023%	$12K	$175K	10x	as long as short