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 0.000%

Price spread now: MEXC against Binance−0.041%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.041%, 7d avg +0.005%

Together, before fees+0.051%+$5 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 0.045% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02449	0.0100	pay 0.0050% / 4h	19m 37s	$2.5M	$2.6M	75x
Short	MEXC STABLE_USDT	0.02448	0.0100	get 0.0050% / 4h	19m 37s	$586K	$165K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.005%: −$4.55
Slippage, 4 orders: −$60.07
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$82.61
Costs to cover: 0.781%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; MEXC: live order book, 10 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 Binance live order book, 15 min ago	2.05 bp	28.4 bp −$28	101.8 bp −$1,018	doesn't fit	doesn't fit
Sell MEXC live order book, 10 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
Lighter STABLE	+0.0096%	1h	0.02460	+0.470%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02449	+0.012%	$862K	$174K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02446	−0.109%	$18K	$9K	20x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02449	long leg	$2.5M	$2.6M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02451	+0.082%	$1.5M	$766K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02449	0.000%	$210K	$442K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02447	−0.082%	$175K	$57K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02448	−0.041%	$586K	$165K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02451	+0.082%	$180K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02450	+0.041%	$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	0.02450	+0.041%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02445	−0.160%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02450	+0.049%	$2K	$926K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02448	−0.028%	$13K	$207K	10x	as long as short
BloFin STABLE-USDT	+0.0147%	4h	0.02439	−0.408%	$113K	$10K	75x	as long as short