STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against OKX0.000%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1231.231% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now 0.000%, 7d avg −0.059%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.059% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02470	0.0100	pay 0.0050% / 4h	1h 42m	$204K	$414K	20x
Short	BloFin STABLE-USDT	0.02470	0.0144	get 0.0072% / 4h	1h 42m	$113K	$7K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee OKXbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $9.34
Price spread: 0.000% → −0.059%: $5.89
Slippage, 4 orders: −$101.13
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$107.91
Costs to cover: 1.231%
Break-even: 87.9 days

Slippage from OKX: live order book, 38 min ago; BloFin: 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 OKX live order book, 38 min ago	10.11 bp	35.7 bp −$36	1388.8 bp −$13.9K	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	4.05 bp	18.1 bp −$18	55.1 bp −$551	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
Aster STABLEUSDT	−0.0276%	4h	0.02470	−0.008%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02484	+0.575%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02471	+0.045%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02471	+0.020%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02471	+0.040%	$1.5M	$800K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02470	long leg	$204K	$414K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02472	+0.081%	$172K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02470	0.000%	$659K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02475	+0.202%	$174K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02471	+0.040%	$292K	$117K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02471	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02471	+0.051%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02473	+0.126%	$1K	$654K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	+0.022%	$12K	$175K	10x	as long as short
BloFin STABLE-USDTshort	+0.0144%	4h	0.02470	0.000%	$113K	$7K	75x