Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended−0.012%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$980.979% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.012%, 7d avg +0.026%

Together, before fees+0.035%+ Points / potential airdropExtended: Active · farm board+$3 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 0.038% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02487	0.0104	pay 0.0013% / 1h	0m 11s	$13K	$211K	10x
Short	MEXC STABLE_USDT	0.02487	0.0100	get 0.0050% / 4h	3h 00m	$604K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$0.84
Price spread: −0.012% → +0.026%: −$3.83
Slippage, 4 orders: −$84.94
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$102.62
Costs to cover: 0.979%
Break-even: never at this rate

Slippage from Extended: live order book, 31 min ago; MEXC: live order book, 20 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 Extended live order book, 31 min ago	5.69 bp	37.4 bp −$37	293.2 bp −$2,932	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	2.01 bp	11.9 bp −$12	43.3 bp −$433	211.7 bp −$21.2K	658.5 bp −$329.2K

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	0.02501	+0.543%	$115K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02488	+0.008%	$871K	$162K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02489	+0.060%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02488	+0.028%	$2.5M	$2.6M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02490	+0.117%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02489	+0.068%	$212K	$452K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02489	+0.068%	$179K	$57K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02487	−0.012%	$604K	$162K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02497	+0.390%	$187K	$26K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02490	+0.109%	$286K	$87K	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	0.02486	−0.052%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02490	+0.110%	$146K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02485	−0.092%	$2K	$972K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02487	long leg	$13K	$211K	10x
BloFin STABLE-USDT	+0.0125%	4h	0.02490	+0.109%	$115K	$11K	75x	as long as short