Funding arb · Price arb /

STABLE

all STABLE markets

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: KuCoin against MEXC+0.368%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$759as in the Funding arb table

Net, price: spread back to 7d avg − costs−$747as in the Price arb table

costs, in and out, $10k−$7697.694% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.368%, 7d avg +0.147%

Together, before fees−0.102%−$10 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: KuCoin is 0.222% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02443	0.0100	pay 0.0050% / 4h	2h 46m	$585K	$160K	20x
Short	KuCoin STABLEUSDTM	0.02452	0.0100	get 0.0050% / 4h	2h 46m	$178K	$29K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.368%Rate

Funding earned: $0
Price spread: +0.368% → +0.147%: $22.15
Slippage, 4 orders: −$749.4
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$747.25
Costs to cover: 7.694%
Break-even: never at this rate

Slippage from MEXC: live order book, 59 min ago; KuCoin: live order book, 9 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, 59 min ago	2.05 bp	10.3 bp −$10	28.9 bp −$289	205.7 bp −$20.6K	749.3 bp −$374.7K
Sell KuCoin live order book, 9 min ago	2.04 bp	466.6 bp −$467	doesn't fit	doesn't fit	doesn't fit

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	0.02456	+0.536%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02442	−0.033%	$857K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02445	+0.080%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02442	−0.042%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02445	+0.074%	$1.5M	$775K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02443	0.000%	$207K	$420K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02443	0.000%	$174K	$59K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02443	long leg	$585K	$160K	20x
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02452	+0.368%	$178K	$29K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02444	+0.041%	$281K	$93K	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	0.02444	+0.041%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02449	+0.228%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02441	−0.065%	$1K	$907K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02441	−0.071%	$12K	$232K	10x	as long as short
BloFin STABLE-USDT	+0.0136%	4h	0.02444	+0.041%	$114K	$7K	75x	as long as short