Settings8H · net · $10k
Funding arb · Price arb /

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0896%/8h= +98.1% APRpaid last 24h +0.355%
Price spread now: Aster against Lighter+0.072%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.496%+$50 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Aster is 0.072% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.496% in total (about 25.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter STBL0.026220.0096pay 0.0012% / 1h12m 39s$79K$2K3x
ShortAster STBLUSDT0.026240.0992get 0.0496% / 4h2h 12m$88K$6K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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

Funding earned
$188.14
Price spread: +0.072% → 0.000%
$7.21
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
$187.35
Costs to cover
0.080%
Break-even
0.0 days
Slippage unknown: Lighter: no order-book sample; Aster: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Aster no order-book sample
Lighter and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

STBL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin STBL-USDT+0.0052%4h0.02635+0.496%$127K$22K50xas long as short
Lighter STBLlong+0.0096%1h0.02622long leg$79K$2K3x
Binance STBLUSDT+0.0100%4h0.02630+0.318%$1.9M$2.2M50xas long as short
MEXC STBL_USDT+0.0100%4h0.02631+0.343%$365K$150K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02623+0.038%$1.1M$229K20xas long as short
Variational Omni STBL+0.0100%4h0.02636+0.529%$964$282as long as short
SunX STBL-USDT+0.0100%4h0.02632+0.381%$1K$1.1M20xas long as short
Hyperliquid STBL+0.0118%1h0.02628+0.229%$1.9M$285K3xas long as short
Bybit STBLUSDT+0.0265%4h0.02628+0.229%$1.5M$687K20xas long as short
BingX STBL-USDT+0.0422%4h0.02631+0.343%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STBL_USDT+0.0848%4h0.02635+0.496%$1.2M$118K50xas long as short
Aster STBLUSDTshort+0.0992%4h0.02624+0.072%$88K$6K5x