STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.003%

Price spread now: Bybit against BloFin+0.113%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1281.279% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 3 days (all we have)−0.085%−$9 · spread now +0.113%, 7d avg +0.069%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.045% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin STABLE-USDT	0.02470	0.0078	pay 0.0039% / 4h	1h 55m	$114K	$7K	75x
Short	Bybit STABLEUSDT	0.02473	0.0100	get 0.0050% / 4h	1h 55m	$1.5M	$799K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.113%Rate

Funding earned: $4.71
Price spread: +0.113% → +0.069%: $4.47
Slippage, 4 orders: −$104.86
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$118.68
Costs to cover: 1.279%
Break-even: 183.4 days

Slippage from BloFin: live order book, 17 min ago; Bybit: live order book, 1 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 BloFin live order book, 17 min ago	4.05 bp	30.9 bp −$31	71.1 bp −$711	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.04 bp	33.7 bp −$34	217.0 bp −$2,170	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
Aster STABLEUSDT	−0.0325%	4h	0.02471	+0.055%	$19K	$7K	20x	as long as short
BloFin STABLE-USDTlong	+0.0078%	4h	0.02470	long leg	$114K	$7K	75x
Lighter STABLE	+0.0096%	1h	0.02484	+0.579%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	+0.040%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02471	+0.021%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDTshort	+0.0100%	4h	0.02473	+0.113%	$1.5M	$799K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02470	0.000%	$204K	$415K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02470	0.000%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02471	+0.040%	$659K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.283%	$174K	$27K	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	0.02470	0.000%	$291K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02470	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.153%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	+0.158%	$2K	$651K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	+0.023%	$12K	$175K	10x	as long as short