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 0.000%

Price spread now: Gate against MEXC−0.162%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$297as in the Price arb table

costs, in and out, $10k−$2802.797% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.162%, 7d avg +0.010%

Together, before fees+0.530%+$53 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: Gate is 0.172% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02467	0.0100	pay 0.0050% / 4h	31m 15s	$590K	$162K	20x
Short	Gate STABLE_USDT	0.02463	0.0100	get 0.0050% / 4h	31m 15s	$175K	$59K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → +0.010%: −$17.22
Slippage, 4 orders: −$256.68
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$296.9
Costs to cover: 2.797%
Break-even: never at this rate

Slippage from MEXC: live order book, 19 min ago; Gate: live order book, 20 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, 19 min ago	2.04 bp	14.3 bp −$14	48.9 bp −$489	239.0 bp −$23.9K	784.9 bp −$392.4K
Sell Gate live order book, 20 min ago	6.11 bp	140.8 bp −$141	doesn't fit	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
Lighter STABLE	+0.0096%	1h	0.02476	+0.373%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02465	−0.097%	$866K	$186K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02463	−0.163%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02468	+0.023%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02470	+0.130%	$1.5M	$771K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02467	0.000%	$203K	$378K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02463	−0.162%	$175K	$59K	50x
MEXC STABLE_USDTlong	+0.0100%	4h	0.02467	long leg	$590K	$162K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02469	+0.081%	$180K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02464	−0.122%	$283K	$90K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02463	−0.162%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02455	−0.484%	$144K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02465	−0.093%	$1K	$854K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02464	−0.109%	$12K	$133K	10x	as long as short
BloFin STABLE-USDT	+0.0159%	4h	0.02468	+0.041%	$118K	$7K	75x	as long as short