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 Gate−0.081%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$303as in the Funding arb table

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2802.797% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.081%, 7d avg −0.010%

Together, before fees−0.286%−$29 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 0.071% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02460	0.0100	pay 0.0050% / 4h	43m 30s	$175K	$59K	50x
Short	MEXC STABLE_USDT	0.02458	0.0100	get 0.0050% / 4h	43m 30s	$588K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.010%: −$7.13
Slippage, 4 orders: −$256.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$286.81
Costs to cover: 2.797%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; MEXC: live order book, 6 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 Gate live order book, 7 min ago	6.11 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	2.04 bp	14.0 bp −$14	51.7 bp −$517	239.3 bp −$23.9K	802.9 bp −$401.4K

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
BloFin STABLE-USDT	+0.0059%	4h	0.02458	−0.081%	$118K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02472	+0.500%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02459	−0.041%	$863K	$187K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02459	−0.053%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02460	−0.002%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02462	+0.081%	$1.5M	$774K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02456	−0.163%	$202K	$380K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02460	long leg	$175K	$59K	50x
MEXC STABLE_USDTshort	+0.0100%	4h	0.02458	−0.081%	$588K	$161K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02464	+0.163%	$182K	$28K	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	0.02460	0.000%	$282K	$90K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02460	0.000%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02463	+0.103%	$144K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02458	−0.069%	$2K	$855K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02459	−0.029%	$12K	$138K	10x	as long as short