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: Bitget against SunX+0.299%50s7-day average −0.014% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 3 days (all we have)−0.392%−$39 · spread now +0.299%, 7d avg −0.014%

Together, before fees−0.639%−$64 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: Bitget is 0.313% dearer against SunX than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02508	0.0100	pay 0.0050% / 4h	3h 49m	$1K	$723K	20x
Short	Bitget STABLEUSDT	0.02516	0.0100	get 0.0050% / 4h	3h 49m	$294K	$117K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.299%Rate

Funding earned: $0
Price spread: +0.299% → −0.014%: $31.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $11.31
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 2 min ago; Bitget: live order book, 15 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, 2 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	3.96 bp	71.2 bp −$71	234.8 bp −$2,348	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
Lighter STABLE	+0.0096%	1h	0.02524	+0.614%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02515	+0.259%	$888K	$220K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02511	+0.118%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02515	+0.259%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02515	+0.259%	$1.5M	$788K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02517	+0.339%	$207K	$444K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02513	+0.179%	$175K	$71K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02515	+0.259%	$620K	$167K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02513	+0.179%	$180K	$29K	30x	as long as short
Bitget STABLEUSDTshort	+0.0100%	4h	0.02516	+0.299%	$294K	$117K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02512	+0.140%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02495	−0.534%	$146K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02508	long leg	$1K	$723K	20x
Extended STABLE-USD	+0.0104%	1h	0.02514	+0.236%	$12K	$177K	10x	as long as short
BloFin STABLE-USDT	+0.0117%	4h	0.02495	−0.538%	$114K	$7K	75x	as long as short