Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.082%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2012.005% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.082%, 7d avg +0.019%

Together, before fees+0.227%+$23 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 0.101% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02438	0.0100	pay 0.0050% / 4h	2h 32m	$281K	$93K	25x
Short	BingX STABLE-USDT	0.02436	0.0100	get 0.0050% / 4h	2h 32m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.019%: −$10.08
Slippage, 4 orders: −$178.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$210.58
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 7 min ago	6.16 bp	72.2 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.15 bp	35.6 bp −$36	89.6 bp −$896	696.0 bp −$69.6K	1212.2 bp −$606.1K

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	0.02449	+0.472%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02436	−0.070%	$855K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02437	−0.030%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02436	−0.082%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02438	−0.021%	$1.5M	$777K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.123%	$210K	$426K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02435	−0.123%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02436	−0.082%	$583K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	+0.123%	$177K	$28K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02438	long leg	$281K	$93K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTshort	+0.0100%	4h	0.02436	−0.082%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02440	+0.087%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02433	−0.189%	$1K	$911K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02435	−0.138%	$12K	$232K	10x	as long as short
BloFin STABLE-USDT	+0.0149%	4h	0.02437	−0.041%	$113K	$7K	75x	as long as short