Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate−0.136%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$330as in the Funding arb table

Net, price: spread back to 7d avg − costs−$317as in the Price arb table

costs, in and out, $10k−$3073.068% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.136%, 7d avg −0.035%

Together, before fees−0.163%+ Points / potential airdropExtended: Active · farm board−$16 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: Extended is 0.101% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02439	0.0100	pay 0.0050% / 4h	43m 21s	$174K	$56K	50x
Short	Extended STABLE-USD	0.02436	0.0104	get 0.0013% / 1h	43m 21s	$13K	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0.84
Price spread: −0.136% → −0.035%: −$10.08
Slippage, 4 orders: −$286.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$316.03
Costs to cover: 3.068%
Break-even: 2640.6 days

Slippage from Gate: live order book, 52 min ago; Extended: live order book, 58 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 Gate live order book, 52 min ago	6.15 bp	104.7 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 58 min ago	5.96 bp	40.8 bp −$41	370.8 bp −$3,708	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	+0.0057%	4h	0.02436	−0.123%	$113K	$10K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02453	+0.554%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.041%	$856K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02438	−0.023%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02436	−0.121%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.037%	$1.5M	$754K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	−0.082%	$213K	$425K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02439	long leg	$174K	$56K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02437	−0.082%	$582K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02445	+0.246%	$179K	$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	0.02441	+0.082%	$282K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02440	+0.041%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.083%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02440	+0.049%	$2K	$924K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02436	−0.136%	$13K	$187K	10x