Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against SunX+0.048%7-day average +0.005% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now +0.048%, 7d avg +0.005%

Together, before fees−0.232%−$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: BingX is 0.044% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02490	0.0100	pay 0.0050% / 4h	2h 10m	$2K	$817K	20x
Short	BingX STABLE-USDT	0.02491	0.0100	get 0.0050% / 4h	2h 10m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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 SunXbpFee BingXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.005%: $4.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 31 min ago; BingX: live order book, 11 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 SunX live order book, 31 min ago	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	6.02 bp	21.9 bp −$22	54.8 bp −$548	624.9 bp −$62.5K	1201.8 bp −$600.9K

STABLE on 14 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
Lighter STABLE	+0.0096%	1h	0.02504	+0.550%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02490	+0.024%	$878K	$202K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02491	+0.037%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02491	+0.048%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02493	+0.149%	$1.5M	$771K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	+0.169%	$201K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02491	+0.048%	$174K	$70K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02491	+0.048%	$609K	$176K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.370%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02491	+0.048%	$292K	$96K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTshort	+0.0100%	4h	0.02491	+0.048%	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02495	+0.191%	$146K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02490	long leg	$2K	$817K	20x
Extended STABLE-USD	+0.0104%	1h	0.02489	−0.017%	$12K	$144K	10x	as long as short