STBL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRnext payment −$1.46 per $10,000 · paid last 24h −0.037%

Price spread now: KuCoin against BingX−0.152%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$555as in the Funding arb table

Net, price: spread back to 7d avg − costs−$579as in the Price arb table

costs, in and out, $10k−$5675.666% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.152%, 7d avg −0.023%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.128% cheaper against BingX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.120%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.120% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STBL-USDT	0.02637	0.0392	pay 0.0196% / 4h	1h 36m	—	$6.6M	—
Short	KuCoin STBLUSDTM	0.02633	0.0100	get 0.0050% / 4h	1h 36m	$1.1M	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$61.32
Price spread: −0.152% → −0.023%: −$12.84
Slippage, 4 orders: −$544.64
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$640.8
Costs to cover: 5.666%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; KuCoin: live order book, 3 min ago.

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 BingX live order book, 15 min ago	26.56 bp	70.1 bp −$70	286.0 bp −$2,860	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	18.99 bp	207.6 bp −$208	doesn't fit	doesn't fit	doesn't fit

STBL on 12 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 STBL-USDT	+0.0046%	4h	0.02638	+0.038%	$126K	$22K	50x	as long as short
Lighter STBL	+0.0096%	1h	0.02628	−0.341%	$79K	$2K	3x	as long as short
Hyperliquid STBL	+0.0100%	1h	0.02631	−0.224%	$1.9M	$282K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02637	0.000%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02638	+0.038%	$370K	$148K	100x	as long as short
KuCoin STBLUSDTMshort	+0.0100%	4h	0.02633	−0.152%	$1.1M	$228K	20x
Variational Omni STBL	+0.0100%	4h	0.02637	+0.007%	$962	$282	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02633	−0.152%	$2K	$1.1M	20x	as long as short
Bybit STBLUSDT	+0.0383%	4h	0.02636	−0.038%	$1.5M	$685K	20x	as long as short
BingX STBL-USDTlong	+0.0392%	4h	0.02637	long leg	—	$6.6M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STBL_USDT	+0.0446%	4h	0.02642	+0.190%	$1.2M	$117K	50x	as long as short
Aster STBLUSDT	+0.0599%	4h	0.02631	−0.246%	$88K	$6K	5x	as long as short