Funding you earn now, next payment 08:00 UTC−0.0822%/8h= −90.0% APRnext payment −$4.11 per $10,000 · paid last 24h −0.188%
Price spread now: MEXC against BingX−0.075%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1801.803% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.075%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and MEXC is 0.071% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.346% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STBL-USDT | 0.02665 | 0.0922 | pay 0.0461% / 4h | 3h 31m | — | $6.6M | — |
| Short | MEXC STBL_USDT | 0.02663 | 0.0100 | get 0.0050% / 4h | 3h 31m | $361K | $147K | 100x |
BingX STBL-USDT
MEXC STBL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$172.62
- Price spread: −0.075% → −0.004%
- −$7.15
- Slippage, 4 orders
- −$166.34
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$360.11
- Costs to cover
- 1.803%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; MEXC: live order book, 4 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 BingX live order book, 5 min ago | 26.29 bp | 65.2 bp −$65 | 300.1 bp −$3,001 | 1391.1 bp −$139.1K | 1549.4 bp −$774.7K |
| Sell MEXC live order book, 4 min ago | 3.76 bp | 19.8 bp −$20 | 96.8 bp −$968 | 245.6 bp −$24.6K | 637.8 bp −$318.9K |
STBL on 12 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 STBL | +0.0096% | 1h | 0.02656 | −0.338% | $80K | $2K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02659 | −0.228% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02665 | +0.008% | $1.9M | $2.1M | 50x | as long as short |
| MEXC STBL_USDTshort | +0.0100% | 4h | 0.02663 | −0.075% | $361K | $147K | 100x | |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02656 | −0.338% | $1.1M | $235K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02665 | −0.017% | $972 | $276 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02658 | −0.263% | $1K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0151% | 4h | 0.02660 | −0.188% | $127K | $22K | 50x | as long as short |
| Hyperliquid STBL | +0.0568% | 1h | 0.02662 | −0.105% | $2.0M | $261K | 3x | as long as short |
| BingX STBL-USDTlong | +0.0922% | 4h | 0.02665 | long leg | — | $6.6M | — |
Lighter STBL
Aster STBLUSDT
Binance STBLUSDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
Hyperliquid STBLShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STBLUSDT | +0.1327% | 4h | 0.02665 | 0.000% | $1.5M | $658K | 20x | as long as short |
| Gate STBL_USDT | +0.2064% | 4h | 0.02673 | +0.300% | $1.2M | $93K | 50x | as long as short |
Bybit STBLUSDT
Gate STBL_USDT