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: OKX against MEXC0.000%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$950.951% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg +0.061%

Together, before fees−0.113%−$11 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: OKX is 0.061% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02489	0.0100	pay 0.0050% / 4h	1h 54m	$612K	$165K	20x
Short	OKX STABLE-USDT-SWAP	0.02489	0.0100	get 0.0050% / 4h	1h 54m	$201K	$406K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.061%: −$6.07
Slippage, 4 orders: −$77.06
Fee MEXC: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$101.13
Costs to cover: 0.951%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; OKX: 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 MEXC live order book, just now	4.02 bp	12.0 bp −$12	36.2 bp −$362	228.0 bp −$22.8K	525.6 bp −$262.8K
Sell OKX live order book, 6 min ago	4.01 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit

STABLE on 14 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	0.02502	+0.518%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02489	0.000%	$878K	$184K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02490	+0.032%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02490	+0.040%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02492	+0.104%	$1.5M	$762K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02489	0.000%	$201K	$406K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02489	0.000%	$173K	$55K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02489	long leg	$612K	$165K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02497	+0.321%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02490	+0.040%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02489	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02494	+0.184%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02488	−0.028%	$2K	$820K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02488	−0.040%	$12K	$144K	10x	as long as short