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: SunX against MEXC+0.158%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.158%, 7d avg +0.042%

Together, before fees+0.277%+$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: SunX is 0.116% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02468	0.0100	pay 0.0050% / 4h	1h 58m	$658K	$154K	20x
Short	SunX STABLE-USDT	0.02472	0.0100	get 0.0050% / 4h	1h 58m	$2K	$650K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.042%: $11.57
Slippage, 4 orders: no order book: not counted
Fee MEXC: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$4.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 16 min ago; SunX: live order book, 13 min ago. Net counts fees only.

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, 16 min ago	4.05 bp	13.7 bp −$14	49.7 bp −$497	230.3 bp −$23.0K	751.9 bp −$376.0K
Sell SunX live order book, 13 min ago	499.22 bp	doesn't fit	doesn't fit	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	−0.0338%	4h	0.02469	+0.060%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.620%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02469	+0.057%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02468	+0.020%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02472	+0.162%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02468	0.000%	$204K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02468	0.000%	$171K	$86K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02468	long leg	$658K	$154K	20x
KuCoin STABLEUSDTM	+0.0100%	4h	0.02476	+0.324%	$174K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02470	+0.081%	$291K	$116K	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	0.02471	+0.122%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02471	+0.118%	$145K	$50K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02472	+0.158%	$2K	$650K	20x
Extended STABLE-USD	+0.0104%	1h	0.02468	+0.006%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0158%	4h	0.02469	+0.041%	$114K	$7K	75x	as long as short