Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against OKX0.000%7-day average −0.064% · 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−$83as in the Price arb table

costs, in and out, $10k−$890.895% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now 0.000%, 7d avg −0.064%

Together, before fees+0.087%+$9 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 0.064% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02465	0.0100	pay 0.0050% / 4h	1h 05m	$203K	$403K	20x
Short	MEXC STABLE_USDT	0.02465	0.0100	get 0.0050% / 4h	1h 05m	$658K	$157K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.064%: $6.44
Slippage, 4 orders: −$71.49
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$83.05
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from OKX: live order book, 10 min ago; MEXC: live order book, 5 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 OKX live order book, 10 min ago	4.06 bp	32.0 bp −$32	1239.3 bp −$12.4K	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.03 bp	13.1 bp −$13	42.1 bp −$421	226.6 bp −$22.7K	633.0 bp −$316.5K

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
Aster STABLEUSDT	−0.0080%	4h	0.02467	+0.084%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02479	+0.560%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02465	+0.020%	$868K	$226K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02465	−0.019%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02467	+0.085%	$1.5M	$747K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02465	long leg	$203K	$403K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02466	+0.041%	$172K	$87K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02465	0.000%	$658K	$157K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	+0.365%	$178K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02466	+0.041%	$291K	$115K	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	0.02465	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02467	+0.068%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02465	−0.012%	$2K	$659K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02464	−0.039%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0124%	4h	0.02464	−0.041%	$113K	$7K	75x	as long as short