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: Binance against Bitget−0.081%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2042.043% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.081%, 7d avg −0.037%

Together, before fees+0.076%+$8 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: Binance is 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02457	0.0100	pay 0.0050% / 4h	57m 18s	$282K	$91K	25x
Short	Binance STABLEUSDT	0.02455	0.0100	get 0.0050% / 4h	57m 18s	$2.5M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.037%: −$4.49
Slippage, 4 orders: −$182.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$208.84
Costs to cover: 2.043%
Break-even: never at this rate

Slippage from Bitget: live order book, 58 min ago; Binance: live order book, 8 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 Bitget live order book, 58 min ago	2.01 bp	67.7 bp −$68	239.3 bp −$2,393	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.03 bp	26.6 bp −$27	98.4 bp −$984	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	+0.0058%	4h	0.02453	−0.163%	$118K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02472	+0.615%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02456	−0.028%	$863K	$187K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02460	+0.133%	$18K	$8K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02455	−0.081%	$2.5M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02459	+0.069%	$1.5M	$765K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02452	−0.204%	$195K	$370K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02457	0.000%	$172K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02454	−0.122%	$599K	$159K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02466	+0.366%	$182K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTlong	+0.0100%	4h	0.02457	long leg	$282K	$91K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02458	+0.041%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02482	+1.018%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02454	−0.142%	$2K	$846K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02454	−0.106%	$14K	$136K	10x	as long as short