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: Bitget against MEXC+0.121%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1611.610% of the position

Long on MEXC Short on Bitget

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)−0.042%−$4 · spread now +0.121%, 7d avg +0.030%

Together, before fees−0.035%−$4 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: Bitget is 0.091% dearer against MEXC than usual: you sell high and buy low, +$9 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	MEXC STABLE_USDT	0.02478	0.0100	pay 0.0050% / 4h	50m 55s	$661K	$154K	20x
Short	Bitget STABLEUSDT	0.02481	0.0100	get 0.0050% / 4h	50m 55s	$293K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0
Price spread: +0.121% → +0.030%: $9.07
Slippage, 4 orders: −$141
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$151.93
Costs to cover: 1.610%
Break-even: never at this rate

Slippage from MEXC: live order book, 19 min ago; Bitget: live order book, 19 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 MEXC live order book, 19 min ago	2.03 bp	10.7 bp −$11	44.6 bp −$446	229.4 bp −$22.9K	599.2 bp −$299.6K
Sell Bitget live order book, 19 min ago	2.03 bp	62.3 bp −$62	272.0 bp −$2,720	doesn't fit	doesn't fit

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	−0.0006%	4h	0.02478	+0.019%	$19K	$6K	20x	as long as short
BloFin STABLE-USDT	+0.0046%	4h	0.02479	+0.040%	$112K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02493	+0.617%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02479	+0.044%	$874K	$225K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02479	+0.020%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02480	+0.089%	$1.5M	$752K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02482	+0.161%	$204K	$406K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02481	+0.121%	$172K	$88K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02478	long leg	$661K	$154K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02491	+0.525%	$178K	$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 STABLEUSDTshort	+0.0100%	4h	0.02481	+0.121%	$293K	$115K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02481	+0.121%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02486	+0.309%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02478	+0.012%	$1K	$661K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02478	−0.020%	$12K	$175K	10x	as long as short