Funding arb · Price arb /

STABLE

all STABLE markets

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: Bybit against SunX+0.165%7-day average +0.032% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 3 days (all we have)−0.194%−$19 · spread now +0.165%, 7d avg +0.032%

Together, before fees−0.704%−$70 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: Bybit is 0.132% dearer against SunX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02487	0.0100	pay 0.0050% / 4h	2h 56m	$2K	$806K	20x
Short	Bybit STABLEUSDT	0.02491	0.0100	get 0.0050% / 4h	2h 56m	$1.5M	$769K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.165%Rate

Funding earned: $0
Price spread: +0.165% → +0.032%: $13.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.76
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 55 min ago; Bybit: live order book, 4 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, 55 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.01 bp	42.5 bp −$42	158.0 bp −$1,580	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	+0.0062%	4h	0.02489	+0.072%	$116K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02503	+0.631%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02488	+0.036%	$877K	$210K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02490	+0.099%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02487	−0.005%	$2.5M	$3.0M	75x	as long as short
Bybit STABLEUSDTshort	+0.0100%	4h	0.02491	+0.165%	$1.5M	$769K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02488	+0.032%	$201K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02489	+0.072%	$173K	$69K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02489	+0.072%	$613K	$172K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02498	+0.434%	$185K	$30K	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	0.02489	+0.072%	$291K	$96K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02490	+0.113%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02492	+0.196%	$146K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02487	long leg	$2K	$806K	20x
Extended STABLE-USD	+0.0104%	1h	0.02488	+0.048%	$14K	$146K	10x	as long as short