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: Gate against SunX+0.052%7-day average −0.036% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.052%, 7d avg −0.036%

Together, before fees−0.118%−$12 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: Gate is 0.088% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02491	0.0100	pay 0.0050% / 4h	2h 18m	$1K	$816K	20x
Short	Gate STABLE_USDT	0.02492	0.0100	get 0.0050% / 4h	2h 18m	$174K	$70K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.036%: $8.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.23
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 23 min ago; Gate: live order book, 42 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, 23 min ago	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	6.02 bp	136.0 bp −$136	doesn't fit	doesn't fit	doesn't fit

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	0.02505	+0.570%	$115K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02492	+0.052%	$879K	$202K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02491	+0.010%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02492	+0.052%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02494	+0.132%	$1.5M	$776K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02491	+0.012%	$201K	$414K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02492	+0.052%	$174K	$70K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02491	+0.012%	$609K	$176K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.333%	$185K	$30K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02493	+0.092%	$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-USDT	+0.0100%	4h	0.02492	+0.052%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02495	+0.174%	$146K	$50K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02491	long leg	$1K	$816K	20x
Extended STABLE-USD	+0.0104%	1h	0.02491	+0.012%	$12K	$144K	10x	as long as short