Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC0.000%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now 0.000%, 7d avg +0.052%

Together, before fees+0.211%+$21 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: BingX is 0.052% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02490	0.0100	pay 0.0050% / 4h	1h 58m	$609K	$165K	20x
Short	BingX STABLE-USDT	0.02490	0.0100	get 0.0050% / 4h	1h 58m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.052%: −$5.21
Slippage, 4 orders: −$68.93
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$92.14
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from MEXC: live order book, 62 min ago; BingX: live order book, 8 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 MEXC live order book, 62 min ago	4.01 bp	15.3 bp −$15	46.0 bp −$460	211.3 bp −$21.1K	740.3 bp −$370.1K
Sell BingX live order book, 8 min ago	6.02 bp	25.3 bp −$25	48.7 bp −$487	614.1 bp −$61.4K	1212.3 bp −$606.1K

STABLE on 14 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	0.02503	+0.506%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02490	0.000%	$878K	$201K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02491	+0.028%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02490	0.000%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02492	+0.080%	$1.5M	$761K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	+0.161%	$201K	$411K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02490	0.000%	$173K	$55K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02490	long leg	$609K	$165K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02497	+0.281%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02491	+0.040%	$292K	$97K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTshort	+0.0100%	4h	0.02490	0.000%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02493	+0.123%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02491	+0.028%	$2K	$819K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02489	−0.024%	$12K	$144K	10x	as long as short