Funding you earn now, next payment 00:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Gate−0.303%7-day average −0.274% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,060as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,050as in the Price arb table
costs, in and out, $10k−$1,04710.467% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days+0.044%+$4 · spread now −0.303%, 7d avg −0.274%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.028% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.274%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate STBL_USDT | 0.02644 | 0.0472 | pay 0.0236% / 4h | 1h 38m | $1.2M | $117K | 50x |
| Short | Bybit STBLUSDT | 0.02636 | 0.0392 | get 0.0196% / 4h | 1h 38m | $1.5M | $685K | 20x |
Gate STBL_USDT
Bybit STBLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$16.9
- Price spread: −0.303% → −0.274%
- −$2.85
- Slippage, 4 orders
- −$1,020.69
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,066.45
- Costs to cover
- 10.467%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 2 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 Gate live order book, 3 min ago | 9.46 bp | 292.8 bp −$293 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.79 bp | 82.6 bp −$83 | 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 | +0.0081% | 4h | 0.02638 | −0.227% | $126K | $22K | 50x | as long as short |
| Lighter STBL | +0.0096% | 1h | 0.02629 | −0.567% | $79K | $2K | 3x | as long as short |
| Hyperliquid STBL | +0.0100% | 1h | 0.02632 | −0.450% | $1.9M | $282K | 3x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02638 | −0.227% | $1.9M | $2.2M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02639 | −0.189% | $364K | $147K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02634 | −0.378% | $1.1M | $228K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02637 | −0.257% | $962 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02634 | −0.378% | $1K | $1.1M | 20x | as long as short |
| BingX STBL-USDT | +0.0336% | 4h | 0.02638 | −0.227% | — | $6.6M | — | as long as short |
| Bybit STBLUSDTshort | +0.0392% | 4h | 0.02636 | −0.303% | $1.5M | $685K | 20x |
BloFin STBL-USDT
Lighter STBL
Hyperliquid STBL
Binance STBLUSDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STBL_USDTlong | +0.0472% | 4h | 0.02644 | long leg | $1.2M | $117K | 50x | |
| Aster STBLUSDT | +0.0624% | 4h | 0.02631 | −0.499% | $88K | $6K | 5x | as long as short |
Aster STBLUSDT