Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against SunX+0.164%7-day average +0.023% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.164%, 7d avg +0.023%

Together, before fees−0.568%−$57 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: OKX is 0.141% dearer against SunX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.023%.

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 41m	$2K	$909K	20x
Short	OKX STABLE-USDT-SWAP	0.02441	0.0100	get 0.0050% / 4h	2h 41m	$207K	$420K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.023%: $14.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 31 min ago; OKX: 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, 31 min ago	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	4.10 bp	29.3 bp −$29	2096.7 bp −$21.0K	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	0.02453	+0.636%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02437	0.000%	$855K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	+0.128%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02437	−0.002%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.135%	$1.5M	$775K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02441	+0.164%	$207K	$420K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02439	+0.082%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02439	+0.082%	$584K	$160K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02446	+0.369%	$177K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02440	+0.123%	$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	0.02440	+0.123%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.169%	$143K	$8K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02437	long leg	$2K	$909K	20x
Extended STABLE-USD	+0.0104%	1h	0.02437	−0.014%	$12K	$232K	10x	as long as short
BloFin STABLE-USDT	+0.0124%	4h	0.02439	+0.082%	$114K	$7K	75x	as long as short