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 Bybit+0.025%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.025%, 7d avg −0.080%

Together, before fees+0.117%+$12 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 0.105% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02430	0.0100	pay 0.0050% / 4h	2h 27m	$1.5M	$787K	25x
Short	MEXC STABLE_USDT	0.02431	0.0100	get 0.0050% / 4h	2h 27m	$582K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.080%: $10.49
Slippage, 4 orders: −$72.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$81.51
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 12 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 Bybit live order book, 3 min ago	6.16 bp	29.0 bp −$29	451.1 bp −$4,511	doesn't fit	doesn't fit
Sell MEXC live order book, 12 min ago	2.06 bp	11.8 bp −$12	48.2 bp −$482	227.1 bp −$22.7K	716.4 bp −$358.2K

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	+0.0055%	4h	0.02435	+0.189%	$113K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02443	+0.535%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02426	−0.189%	$853K	$183K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02431	+0.041%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02426	−0.201%	$2.4M	$2.8M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02430	long leg	$1.5M	$787K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02426	−0.181%	$209K	$425K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02430	−0.016%	$173K	$59K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02431	+0.025%	$582K	$161K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02435	+0.189%	$177K	$28K	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	0.02429	−0.058%	$280K	$93K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02428	−0.099%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02436	+0.235%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02431	+0.033%	$2K	$912K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02427	−0.128%	$12K	$232K	10x	as long as short