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 Bitget0.000%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1581.583% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now 0.000%, 7d avg −0.030%

Together, before fees−0.047%−$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 0.030% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02465	0.0100	pay 0.0050% / 4h	1h 30m	$291K	$116K	25x
Short	MEXC STABLE_USDT	0.02465	0.0100	get 0.0050% / 4h	1h 30m	$658K	$156K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.030%: $3.03
Slippage, 4 orders: −$138.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$155.3
Costs to cover: 1.583%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; MEXC: live order book, 45 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 Bitget live order book, 45 min ago	6.06 bp	77.3 bp −$77	230.7 bp −$2,307	doesn't fit	doesn't fit
Sell MEXC live order book, 45 min ago	4.05 bp	16.6 bp −$17	38.4 bp −$384	213.7 bp −$21.4K	767.5 bp −$383.7K

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	−0.0208%	4h	0.02467	+0.099%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0045%	4h	0.02460	−0.203%	$112K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02478	+0.544%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02464	−0.032%	$868K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02464	−0.034%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02466	+0.061%	$1.5M	$762K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02465	0.000%	$203K	$405K	20x	as long as short
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	$156K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02473	+0.325%	$177K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTlong	+0.0100%	4h	0.02465	long leg	$291K	$116K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02467	+0.081%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02468	+0.129%	$144K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02466	+0.032%	$1K	$657K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02464	−0.053%	$12K	$175K	10x	as long as short