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: Extended against Lighter−0.508%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$421as in the Funding arb table

Net, price: spread back to 7d avg − costs−$581as in the Price arb table

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

Long on Lighter Short on Extended

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)+0.433%+$43 · spread now −0.508%, 7d avg −0.102%

Together, before fees+1.617%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$162 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 0.407% cheaper against Lighter than usual: you would sell low and buy high, −$41 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	Lighter STABLE	0.02528	0.0096	pay 0.0012% / 1h	42m 29s	$116K	$8K	3x
Short	Extended STABLE-USD	0.02515	0.0104	get 0.0013% / 1h	42m 29s	$12K	$177K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.508%Rate

Funding earned: $1.68
Price spread: −0.508% → −0.102%: −$40.68
Slippage, 4 orders: −$534.92
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$578.92
Costs to cover: 5.399%
Break-even: 2419.1 days

Slippage from Lighter: live order book, 12 min ago; Extended: live order book, 29 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 Lighter live order book, 12 min ago	114.44 bp	344.4 bp −$344	426.1 bp −$4,261	doesn't fit	doesn't fit
Sell Extended live order book, 29 min ago	5.75 bp	35.2 bp −$35	283.8 bp −$2,838	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	−0.344%	$116K	$8K	75x	as long as short
Lighter STABLElong	+0.0096%	1h	0.02528	long leg	$116K	$8K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02516	−0.451%	$887K	$222K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02515	−0.493%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02516	−0.472%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02519	−0.348%	$1.5M	$789K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02516	−0.463%	$206K	$445K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02515	−0.502%	$175K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02515	−0.502%	$625K	$168K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02521	−0.265%	$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	−0.542%	$294K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02516	−0.463%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02515	−0.498%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02515	−0.495%	$1K	$766K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02515	−0.508%	$12K	$177K	10x