Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.081%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$970.974% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.081%, 7d avg −0.060%

Together, before fees+0.102%+$10 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 0.020% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02474	0.0100	pay 0.0050% / 4h	3h 22m	$212K	$451K	20x
Short	MEXC STABLE_USDT	0.02472	0.0100	get 0.0050% / 4h	3h 22m	$598K	$160K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.060%: −$2.04
Slippage, 4 orders: −$79.41
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$99.45
Costs to cover: 0.974%
Break-even: never at this rate

Slippage from OKX: live order book, 8 min ago; MEXC: live order book, 67 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 OKX live order book, 8 min ago	4.06 bp	37.1 bp −$37	1457.1 bp −$14.6K	doesn't fit	doesn't fit
Sell MEXC live order book, 67 min ago	2.05 bp	13.2 bp −$13	53.0 bp −$530	250.1 bp −$25.0K	889.7 bp −$444.9K

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	+0.0051%	4h	0.02472	−0.081%	$115K	$11K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.372%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02475	+0.053%	$870K	$163K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02470	−0.165%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02473	−0.042%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02475	+0.040%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02474	long leg	$212K	$451K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02471	−0.121%	$178K	$57K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02472	−0.081%	$598K	$160K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02471	−0.121%	$185K	$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	0.02473	−0.040%	$284K	$89K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02472	−0.081%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02463	−0.444%	$144K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02472	−0.085%	$2K	$959K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	−0.117%	$12K	$215K	10x	as long as short