Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX+0.088%7-day average −0.064% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.088%, 7d avg −0.064%

Together, before fees−0.494%+ Points / potential airdropExtended: Active · farm board−$49 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: Extended is 0.152% dearer against SunX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02437	0.0100	pay 0.0050% / 4h	2h 43m	$1K	$907K	20x
Short	Extended STABLE-USD	0.02439	0.0104	get 0.0013% / 1h	43m 56s	$12K	$232K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0.84
Price spread: +0.088% → −0.064%: $15.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $3.05
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 28 min ago; Extended: live order book, 3 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, 28 min ago	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.69 bp	38.4 bp −$38	276.5 bp −$2,765	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	0.02454	+0.693%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02440	+0.115%	$856K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02441	+0.175%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02440	+0.115%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02442	+0.197%	$1.5M	$775K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	−0.008%	$207K	$419K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02439	+0.074%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02440	+0.115%	$584K	$160K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02447	+0.402%	$178K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02440	+0.115%	$281K	$93K	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	0.02442	+0.197%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02446	+0.344%	$143K	$8K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02437	long leg	$1K	$907K	20x
Extended STABLE-USDshort	+0.0104%	1h	0.02439	+0.088%	$12K	$232K	10x
BloFin STABLE-USDT	+0.0144%	4h	0.02442	+0.197%	$114K	$7K	75x	as long as short