Settings8H · net · $10k
Funding arb · Price arb /

STBL

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SwapBacktest
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 +0.159%
Price spread now: BingX against MEXC+0.037%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1991.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.317%+$32 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.037%, 7d avg +0.004%
Together, before fees+0.279%+$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: BingX is 0.034% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC STBL_USDT0.026700.0100pay 0.0050% / 4h3h 32m$373K$149K100x
ShortBingX STBL-USDT0.026710.0100get 0.0050% / 4h3h 32m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.037% → +0.004%
$3.37
Slippage, 4 orders
−$185.23
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$195.86
Costs to cover
1.992%
Break-even
never at this rate
Slippage from MEXC: live order book, 23 min ago; BingX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 23 min ago1.87 bp28.2 bp −$28125.1 bp −$1,251290.1 bp −$29.0Kdoesn't fit
Sell BingX live order book, 4 min ago26.19 bp80.4 bp −$80194.3 bp −$1,9431141.1 bp −$114.1Kdoesn't fit

STBL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter STBL+0.0096%1h0.02660−0.375%$80K$2K3xas long as short
Hyperliquid STBL+0.0100%1h0.02664−0.240%$2.0M$284K3xas long as short
Aster STBLUSDT+0.0100%4h0.02662−0.282%$89K$6K5xas long as short
Binance STBLUSDT+0.0100%4h0.02671+0.036%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.026700.000%$1.5M$665K20xas long as short
Gate STBL_USDT+0.0100%4h0.02678+0.300%$1.2M$112K50xas long as short
MEXC STBL_USDTlong+0.0100%4h0.02670long leg$373K$149K100x
BingX STBL-USDTshort+0.0100%4h0.02671+0.037%$6.6M
Variational Omni STBL+0.0100%4h0.02671+0.041%$976$282as long as short
SunX STBL-USDT+0.0100%4h0.02665−0.187%$1K$1.2M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin STBL-USDT+0.0158%4h0.02671+0.037%$128K$22K50xas long as short
KuCoin STBLUSDTM+0.0454%4h0.02675+0.187%$1.1M$233K20xas long as short