Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget+0.008%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2192.194% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.008%, 7d avg −0.058%

Together, before fees−0.108%+ Points / potential airdropExtended: Active · farm board−$11 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 0.066% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.058%.

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	3h 09m	$280K	$93K	25x
Short	Extended STABLE-USD	0.02438	0.0104	get 0.0013% / 1h	9m 04s	$11K	$140K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0.84
Price spread: +0.008% → −0.058%: $6.57
Slippage, 4 orders: −$202.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$212
Costs to cover: 2.194%
Break-even: 1773.7 days

Slippage from Bitget: live order book, 36 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 Bitget live order book, 36 min ago	4.10 bp	81.5 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 41 min ago	4.10 bp	34.5 bp −$35	270.8 bp −$2,708	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	0.02450	+0.496%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.012%	$856K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02439	+0.053%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	0.000%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02439	+0.057%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.123%	$201K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02438	0.000%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02438	0.000%	$584K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	+0.123%	$177K	$29K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02438	long leg	$280K	$93K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02437	−0.041%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02443	+0.187%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02439	+0.037%	$2K	$896K	20x	as long as short
BloFin STABLE-USDT	+0.0101%	4h	0.02437	−0.041%	$114K	$7K	75x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02438	+0.008%	$11K	$140K	10x