Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: MEXC against Aster−0.039%7-day average — · you buy dearer than you sell

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

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.039% cheaper against Aster than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STABLEUSDT	0.02437	0.0100	pay 0.0050% / 4h	2h 12m	$18K	$10K	20x
Short	MEXC STABLE_USDT	0.02436	0.0100	get 0.0050% / 4h	2h 12m	$585K	$165K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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 AsterbpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$19.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; MEXC: live order book, 28 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 Aster no order-book sample	—	—	—	—	—
Sell MEXC live order book, 28 min ago	2.06 bp	11.8 bp −$12	48.2 bp −$482	227.1 bp −$22.7K	716.4 bp −$358.2K

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02449	+0.498%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02435	−0.068%	$855K	$184K	3x	as long as short
Aster STABLEUSDTlong	+0.0100%	4h	0.02437	long leg	$18K	$10K	20x
Binance STABLEUSDT	+0.0100%	4h	0.02436	−0.039%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02439	+0.084%	$1.5M	$791K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	+0.002%	$210K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02437	+0.002%	$174K	$59K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02436	−0.039%	$585K	$165K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02440	+0.125%	$177K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02437	+0.002%	$280K	$94K	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	0.02438	+0.043%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02433	−0.179%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02436	−0.056%	$2K	$917K	20x	as long as short
BloFin STABLE-USDT	+0.0104%	4h	0.02429	−0.327%	$112K	$7K	75x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.052%	$11K	$234K	10x	as long as short