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: SunX against MEXC−0.040%7-day average +0.044% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.040%, 7d avg +0.044%

Together, before fees+0.409%+$41 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: SunX is 0.084% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02495	0.0100	pay 0.0050% / 4h	2h 28m	$611K	$175K	20x
Short	SunX STABLE-USDT	0.02494	0.0100	get 0.0050% / 4h	2h 28m	$1K	$814K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.044%: −$8.41
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 32 min ago; SunX: live order book, 14 min ago. 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, 32 min ago	4.01 bp	15.3 bp −$15	46.0 bp −$460	211.3 bp −$21.1K	740.3 bp −$370.1K
Sell SunX live order book, 14 min ago	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

STABLE on 14 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	0.02507	+0.497%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02495	+0.004%	$880K	$202K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02495	+0.004%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02496	+0.024%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02499	+0.156%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02497	+0.080%	$201K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02496	+0.040%	$174K	$70K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02495	long leg	$611K	$175K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02498	+0.120%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02495	0.000%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02496	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02498	+0.125%	$146K	$50K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02494	−0.040%	$1K	$814K	20x
Extended STABLE-USD	+0.0104%	1h	0.02495	−0.013%	$12K	$146K	10x	as long as short