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

STABLE

all STABLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.29 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Binance0.000%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$990.987% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now 0.000%, 7d avg +0.008%
Together, before fees+0.106%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance STABLEUSDT0.024350.0100pay 0.0050% / 4h2h 18m$2.5M$2.6M75x
ShortBloFin STABLE-USDT0.024350.0159get 0.0079% / 4h2h 18m$112K$20K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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
$12.37
Price spread: 0.000% → +0.008%
−$0.82
Slippage, 4 orders
−$76.69
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$87.13
Costs to cover
0.987%
Break-even
56.3 days
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago2.06 bp27.2 bp −$2797.4 bp −$974doesn't fitdoesn't fit
Sell BloFin live order book, 24 min ago2.04 bp20.0 bp −$2054.0 bp −$540doesn't fitdoesn't fit

STABLE on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter STABLE+0.0096%1h0.02447+0.489%$112K$10K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02436+0.049%$853K$144K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02434−0.062%$18K$9K20xas long as short
Binance STABLEUSDTlong+0.0100%4h0.02435long leg$2.5M$2.6M75x
Bybit STABLEUSDT+0.0100%4h0.02435−0.016%$1.5M$773K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02436+0.041%$210K$424K20xas long as short
Gate STABLE_USDT+0.0100%4h0.024350.000%$181K$48K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.024350.000%$593K$161K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02444+0.370%$182K$25K30xas long as short
Bitget STABLEUSDT+0.0100%4h0.024350.000%$281K$84K25xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STABLE-USDT+0.0100%4h0.024350.000%$6.5Mas long as short
Variational Omni STABLE+0.0100%4h0.02436+0.041%$143K$8Kas long as short
SunX STABLE-USDT+0.0100%4h0.02433−0.099%$990$1.0M20xas long as short
Extended STABLE-USD+0.0104%1h0.02433−0.071%$11K$211K10xas long as short
BloFin STABLE-USDTshort+0.0159%4h0.024350.000%$112K$20K75x