STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h −0.002%

Price spread now: BloFin against Bybit+0.111%82s7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1241.239% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.111%, 7d avg −0.074%

Together, before fees+0.096%+$10 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 BloFin is 0.185% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.074%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02436	0.0100	pay 0.0050% / 4h	2h 39m	$1.5M	$775K	25x
Short	BloFin STABLE-USDT	0.02439	0.0124	get 0.0062% / 4h	2h 39m	$114K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.111%Rate

Funding earned: $5.07
Price spread: +0.111% → −0.074%: $18.45
Slippage, 4 orders: −$100.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.36
Costs to cover: 1.239%
Break-even: 145.5 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 39 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 Bybit live order book, 1 min ago	4.10 bp	28.7 bp −$29	435.1 bp −$4,351	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	6.14 bp	33.6 bp −$34	75.7 bp −$757	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	+0.550%	$112K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02434	−0.074%	$854K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02438	+0.054%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02434	−0.113%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02436	long leg	$1.5M	$775K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02436	−0.012%	$209K	$424K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02436	−0.012%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02433	−0.135%	$582K	$160K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02443	+0.275%	$177K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02437	+0.029%	$281K	$93K	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-USDT	+0.0100%	4h	0.02434	−0.094%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.198%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02433	−0.152%	$1K	$909K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02433	−0.136%	$12K	$232K	10x	as long as short
BloFin STABLE-USDTshort	+0.0124%	4h	0.02439	+0.111%	$114K	$7K	75x