Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: SunX against BingX−0.153%7-day average −0.006% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.153%, 7d avg −0.006%

Together, before fees+0.364%+$36 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 0.147% cheaper against BingX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02487	0.0100	pay 0.0050% / 4h	2h 55m	—	$6.6M	—
Short	SunX STABLE-USDT	0.02483	0.0100	get 0.0050% / 4h	2h 55m	$2K	$807K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → −0.006%: −$14.69
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 11 min ago; SunX: live order book, 56 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 BingX live order book, 11 min ago	5.99 bp	29.7 bp −$30	83.2 bp −$832	624.9 bp −$62.5K	1053.2 bp −$526.6K
Sell SunX live order book, 56 min ago	500.22 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
Lighter STABLE	+0.0096%	1h	0.02499	+0.503%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02487	−0.008%	$877K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02487	0.000%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02485	−0.097%	$2.5M	$3.0M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02488	+0.044%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02489	+0.080%	$201K	$429K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02488	+0.040%	$173K	$69K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02485	−0.080%	$612K	$173K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02497	+0.402%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02487	0.000%	$291K	$96K	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-USDTlong	+0.0100%	4h	0.02487	long leg	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02489	+0.065%	$146K	$50K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02483	−0.153%	$2K	$807K	20x
Extended STABLE-USD	+0.0104%	1h	0.02484	−0.102%	$13K	$146K	10x	as long as short
BloFin STABLE-USDT	+0.0111%	4h	0.02485	−0.080%	$116K	$7K	75x	as long as short