STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.009%

Price spread now: Lighter against Extended+0.506%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$658as in the Funding arb table

Net, price: spread back to 7d avg − costs−$499as in the Price arb table

costs, in and out, $10k−$5405.399% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.184%−$118 on $10k

Price spread, last 4 days (all we have)−0.430%−$43 · spread now +0.506%, 7d avg +0.102%

Together, before fees−1.615%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$161 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: Lighter is 0.404% dearer against Extended than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02515	0.0104	pay 0.0013% / 1h	42m 07s	$12K	$177K	10x
Short	Lighter STABLE	0.02528	0.0096	get 0.0012% / 1h	42m 07s	$116K	$8K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.506%Rate

Funding earned: −$1.68
Price spread: +0.506% → +0.102%: $40.43
Slippage, 4 orders: −$534.92
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$501.16
Costs to cover: 5.399%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; Lighter: live order book, 13 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, 29 min ago	5.75 bp	35.2 bp −$35	342.5 bp −$3,425	doesn't fit	doesn't fit
Sell Lighter live order book, 13 min ago	114.44 bp	125.2 bp −$125	502.7 bp −$5,027	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-USDT	+0.0085%	4h	0.02519	+0.140%	$116K	$8K	75x	as long as short
Lighter STABLEshort	+0.0096%	1h	0.02528	+0.506%	$116K	$8K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02517	+0.061%	$887K	$222K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02515	−0.007%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02517	+0.061%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02519	+0.156%	$1.5M	$790K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02517	+0.061%	$206K	$445K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02518	+0.100%	$175K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02516	+0.021%	$625K	$168K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02521	+0.220%	$181K	$29K	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	0.02514	−0.059%	$294K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02517	+0.061%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02515	−0.014%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02516	+0.005%	$1K	$766K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02515	long leg	$12K	$177K	10x