Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended−0.178%54s7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as 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−$1151.149% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.178%, 7d avg +0.036%

Together, before fees+0.255%+ Points / potential airdropExtended: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.214% cheaper against Extended than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 54 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	Extended STABLE-USD	0.02498	0.0104	pay 0.0013% / 1h	30m 04s	$12K	$175K	10x
Short	BloFin STABLE-USDT	0.02494	0.0043	get 0.0021% / 4h	30m 04s	$113K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$12.83
Price spread: −0.178% → +0.036%: −$21.42
Slippage, 4 orders: −$97.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$149.13
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from Extended: live order book, 46 min ago; BloFin: live order book, 30 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, 46 min ago	4.87 bp	38.4 bp −$38	282.7 bp −$2,827	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	4.04 bp	27.1 bp −$27	58.9 bp −$589	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
BloFin STABLE-USDTshort	+0.0043%	4h	0.02494	−0.178%	$113K	$7K	75x
Lighter STABLE	+0.0096%	1h	0.02511	+0.506%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02501	+0.122%	$883K	$228K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02499	+0.009%	$19K	$6K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02500	+0.044%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02502	+0.130%	$1.5M	$758K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02501	+0.102%	$205K	$411K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02499	+0.022%	$173K	$88K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02498	−0.018%	$666K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02501	+0.102%	$180K	$28K	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	0.02500	+0.062%	$295K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02499	+0.022%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02498	−0.030%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02496	−0.106%	$1K	$670K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02498	long leg	$12K	$175K	10x