Settings8H · net · $10k
Funding arb · Price arb /

STABLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against OKX+0.040%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.252%+$25 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.040%, 7d avg +0.043%
Together, before fees+0.217%+$22 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX STABLE-USDT-SWAP0.024940.0100pay 0.0050% / 4h33m 22s$205K$410K20x
ShortBingX STABLE-USDT0.024950.0100get 0.0050% / 4h33m 22s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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

Funding earned
$0
Price spread: +0.040% → +0.043%
−$0.29
Slippage, 4 orders
−$99.28
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$119.57
Costs to cover
1.193%
Break-even
never at this rate
Slippage from OKX: live order book, 42 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 42 min ago4.06 bp32.0 bp −$321239.3 bp −$12.4Kdoesn't fitdoesn't fit
Sell BingX live order book, 3 min ago6.01 bp22.1 bp −$2232.0 bp −$320422.1 bp −$42.2K1149.4 bp −$574.7K

STABLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin STABLE-USDT+0.0082%4h0.024940.000%$113K$7K75xas long as short
Aster STABLEUSDT+0.0086%4h0.02493−0.028%$19K$6K20xas long as short
Lighter STABLE+0.0096%1h0.02506+0.485%$115K$3K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02493−0.032%$880K$227K3xas long as short
Binance STABLEUSDT+0.0100%4h0.02493−0.040%$2.4M$2.7M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02495+0.044%$1.5M$755K25xas long as short
OKX STABLE-USDT-SWAPlong+0.0100%4h0.02494long leg$205K$410K20x
Gate STABLE_USDT+0.0100%4h0.02493−0.040%$172K$88K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02492−0.080%$665K$155K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02499+0.200%$180K$28K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDT+0.0100%4h0.02493−0.040%$294K$116K25xas long as short
BingX STABLE-USDTshort+0.0100%4h0.02495+0.040%$6.5M
Variational Omni STABLE+0.0100%4h0.02495+0.049%$146K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02492−0.088%$1K$670K20xas long as short
Extended STABLE-USD+0.0104%1h0.02493−0.059%$12K$175K10xas long as short