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 Bybit−0.162%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.162%, 7d avg −0.079%

Together, before fees+0.278%+$28 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 0.083% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02472	0.0100	pay 0.0050% / 4h	2h 08m	$1.5M	$809K	25x
Short	MEXC STABLE_USDT	0.02468	0.0100	get 0.0050% / 4h	2h 08m	$658K	$158K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.162%Rate

Funding earned: $0
Price spread: −0.162% → −0.079%: −$8.32
Slippage, 4 orders: −$88.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$116.11
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; MEXC: live order book, 7 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 Bybit live order book, 8 min ago	4.04 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 7 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	−0.0340%	4h	0.02471	−0.054%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0079%	4h	0.02472	0.000%	$114K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02485	+0.530%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02469	−0.129%	$870K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02467	−0.186%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02472	long leg	$1.5M	$809K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	+0.162%	$204K	$417K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	−0.081%	$171K	$87K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02468	−0.162%	$658K	$158K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02476	+0.162%	$174K	$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 STABLEUSDT	+0.0100%	4h	0.02471	−0.040%	$292K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02471	−0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.078%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02471	−0.044%	$2K	$649K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02467	−0.197%	$12K	$175K	10x	as long as short