Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.041%7-day average +0.028% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.041%, 7d avg +0.028%

Together, before fees+0.226%+$23 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: SunX is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02437	0.0100	pay 0.0050% / 4h	2h 22m	$176K	$45K	50x
Short	SunX STABLE-USDT	0.02436	0.0100	get 0.0050% / 4h	2h 22m	$1K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.028%: −$6.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.93
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 24 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 24 min ago	6.11 bp	98.9 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 exchanges

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	+0.0078%	4h	0.02433	−0.164%	$112K	$20K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02449	+0.492%	$112K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02434	−0.103%	$852K	$144K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02436	−0.045%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02435	−0.068%	$2.5M	$2.6M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02438	+0.037%	$1.5M	$773K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	0.000%	$211K	$424K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02437	long leg	$176K	$45K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02436	−0.041%	$593K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	+0.287%	$182K	$25K	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02436	−0.041%	$281K	$85K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02437	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02439	+0.082%	$143K	$8K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02436	−0.041%	$1K	$1.0M	20x
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.027%	$11K	$211K	10x	as long as short