STBL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0676%/8h= −74.0% APRnext payment −$3.38 per $10,000 · paid last 24h −0.174%

Price spread now: MEXC against Gate−0.114%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$956as in the Funding arb table

Net, price: spread back to 7d avg − costs−$903as in the Price arb table

costs, in and out, $10k−$9099.091% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.469%−$47 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.114%, 7d avg −0.175%

Together, before fees−0.336%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.061% dearer against Gate than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.175%): +$6 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.469% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.469% in total (about -24.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STBL_USDT	0.02635	0.0776	pay 0.0388% / 4h	2h 09m	$1.2M	$118K	50x
Short	MEXC STBL_USDT	0.02632	0.0100	get 0.0050% / 4h	2h 09m	$365K	$150K	100x

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

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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 −0.114%Rate

Funding earned: −$141.96
Price spread: −0.114% → −0.175%: $6.13
Slippage, 4 orders: −$890.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,044.95
Costs to cover: 9.091%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 5 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, 3 min ago	13.27 bp	306.0 bp −$306	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.90 bp	42.2 bp −$42	109.5 bp −$1,095	211.9 bp −$21.2K	doesn't fit

STBL on 12 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 STBL	+0.0096%	1h	0.02623	−0.455%	$79K	$2K	3x	as long as short
Hyperliquid STBL	+0.0100%	1h	0.02628	−0.250%	$1.9M	$283K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02632	−0.114%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDTshort	+0.0100%	4h	0.02632	−0.114%	$365K	$150K	100x
KuCoin STBLUSDTM	+0.0100%	4h	0.02623	−0.455%	$1.1M	$229K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02629	−0.211%	$961	$282	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02627	−0.304%	$2K	$1.1M	20x	as long as short
BloFin STBL-USDT	+0.0117%	4h	0.02632	−0.114%	$127K	$22K	50x	as long as short
Bybit STBLUSDT	+0.0241%	4h	0.02630	−0.190%	$1.5M	$687K	20x	as long as short
BingX STBL-USDT	+0.0310%	4h	0.02632	−0.114%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STBL_USDTlong	+0.0776%	4h	0.02635	long leg	$1.2M	$118K	50x
Aster STBLUSDT	+0.0963%	4h	0.02625	−0.377%	$88K	$6K	5x	as long as short