Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.019%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1371.373% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.019%, 7d avg −0.078%

Together, before fees−0.313%+ Points / potential airdropExtended: Active · farm board−$31 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: Extended is 0.059% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02494	0.0100	pay 0.0050% / 4h	1h 19m	—	$6.6M	—
Short	Extended STABLE-USD	0.02494	0.0104	get 0.0013% / 1h	19m 19s	$14K	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0.84
Price spread: −0.019% → −0.078%: $5.92
Slippage, 4 orders: −$122.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$130.51
Costs to cover: 1.373%
Break-even: 1094.6 days

Slippage from BingX: live order book, 7 min ago; Extended: live order book, 41 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, 7 min ago	6.04 bp	31.4 bp −$31	85.2 bp −$852	601.6 bp −$60.2K	1049.8 bp −$524.9K
Sell Extended live order book, 41 min ago	3.62 bp	38.2 bp −$38	403.3 bp −$4,033	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
BloFin STABLE-USDT	+0.0088%	4h	0.02492	−0.080%	$118K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02506	+0.465%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02493	−0.040%	$877K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02493	−0.028%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02494	+0.009%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02497	+0.108%	$1.5M	$729K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02495	+0.040%	$201K	$382K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02494	0.000%	$174K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02494	0.000%	$617K	$168K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.200%	$185K	$29K	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	0.02496	+0.080%	$287K	$92K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02494	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02495	+0.022%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02493	−0.028%	$2K	$831K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02494	−0.019%	$14K	$138K	10x