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: MEXC against Binance−0.040%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$800.803% 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)+0.052%+$5 · spread now −0.040%, 7d avg +0.006%

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 0.047% 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 +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02491	0.0100	pay 0.0050% / 4h	2h 04m	$2.5M	$2.9M	75x
Short	MEXC STABLE_USDT	0.02490	0.0100	get 0.0050% / 4h	2h 04m	$609K	$177K	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 −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.006%: −$4.65
Slippage, 4 orders: −$62.33
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$84.98
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; MEXC: live order book, 56 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, 16 min ago	2.01 bp	26.4 bp −$26	106.3 bp −$1,063	doesn't fit	doesn't fit
Sell MEXC live order book, 56 min ago	4.01 bp	11.6 bp −$12	28.8 bp −$288	140.7 bp −$14.1K	667.7 bp −$333.8K

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	0.02504	+0.502%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02491	+0.008%	$878K	$201K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02489	−0.071%	$19K	$7K	20x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02491	long leg	$2.5M	$2.9M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02493	+0.088%	$1.5M	$767K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	+0.120%	$201K	$412K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02491	0.000%	$174K	$70K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02490	−0.040%	$609K	$177K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02497	+0.241%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02493	+0.080%	$292K	$96K	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-USDT	+0.0100%	4h	0.02491	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02493	+0.063%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02489	−0.080%	$2K	$818K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02490	−0.023%	$12K	$146K	10x	as long as short