Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.024%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1311.305% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.024%, 7d avg +0.081%

Together, before fees+0.220%+ Points / potential airdropExtended: Active · farm board+$22 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 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02510	0.0104	pay 0.0013% / 1h	20m 57s	$12K	$164K	10x
Short	BingX STABLE-USDT	0.02511	0.0100	get 0.0050% / 4h	3h 20m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.024%Rate

Funding earned: −$0.84
Price spread: +0.024% → +0.081%: −$5.74
Slippage, 4 orders: −$115.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$137.1
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Extended: live order book, 50 min ago; BingX: live order book, 16 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 Extended live order book, 50 min ago	5.75 bp	35.2 bp −$35	342.5 bp −$3,425	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	7.97 bp	25.8 bp −$26	67.4 bp −$674	421.1 bp −$42.1K	1214.0 bp −$607.0K

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	0.02524	+0.537%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02511	+0.024%	$885K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02512	+0.082%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02511	+0.024%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02514	+0.147%	$1.5M	$768K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02511	+0.024%	$204K	$432K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02511	+0.024%	$174K	$72K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02511	+0.024%	$624K	$171K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02522	+0.462%	$182K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02512	+0.063%	$294K	$118K	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-USDTshort	+0.0100%	4h	0.02511	+0.024%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02514	+0.126%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02508	−0.092%	$2K	$789K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02510	long leg	$12K	$164K	10x
BloFin STABLE-USDT	+0.0140%	4h	0.02516	+0.223%	$117K	$8K	75x	as long as short