STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0022%/8h= −2.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against BingX−0.162%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$990.995% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.162%, 7d avg −0.042%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.120% cheaper against BingX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02474	0.0100	pay 0.0050% / 4h	1h 54m	—	$6.6M	—
Short	BloFin STABLE-USDT	0.02470	0.0078	get 0.0039% / 4h	1h 54m	$114K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$4.71
Price spread: −0.162% → −0.042%: −$11.98
Slippage, 4 orders: −$77.48
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$116.17
Costs to cover: 0.995%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 17 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 BingX live order book, 12 min ago	2.03 bp	20.3 bp −$20	74.1 bp −$741	632.3 bp −$63.2K	1063.3 bp −$531.6K
Sell BloFin live order book, 17 min ago	4.05 bp	18.1 bp −$18	55.1 bp −$551	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	−0.0318%	4h	0.02472	−0.067%	$19K	$7K	20x	as long as short
BloFin STABLE-USDTshort	+0.0078%	4h	0.02470	−0.162%	$114K	$7K	75x
Lighter STABLE	+0.0096%	1h	0.02486	+0.485%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02472	−0.069%	$872K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02472	−0.088%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02474	+0.020%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02470	−0.162%	$204K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02471	−0.121%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02472	−0.081%	$659K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	0.000%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02472	−0.081%	$292K	$116K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02474	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02474	−0.008%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	−0.004%	$2K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	−0.131%	$12K	$175K	10x	as long as short