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

STABLE

all STABLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Binance+0.006%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.141%−$14 on $10k
Price spread, last 7 days−0.024%−$2 · spread now +0.006%, 7d avg +0.006%
Together, before fees−0.165%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance STABLEUSDT0.024870.0100pay 0.0050% / 4h1h 10m$2.6M$2.7M75x
ShortOKX STABLE-USDT-SWAP0.024870.0100get 0.0050% / 4h1h 10m$200K$379K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.006% → +0.006%
$0.04
Slippage, 4 orders
−$106.98
Fee Binance: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$126.94
Costs to cover
1.270%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; OKX: live order book, 51 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 ago2.00 bp23.5 bp −$24100.0 bp −$1,000doesn't fitdoesn't fit
Sell OKX live order book, 51 min ago4.01 bp36.4 bp −$36doesn't fitdoesn't fitdoesn't fit

STABLE on 15 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 STABLE-USDT+0.0080%4h0.02484−0.115%$119K$7K75xas long as short
Lighter STABLE+0.0096%1h0.02498+0.464%$115K$6K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02488+0.026%$875K$180K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02487+0.023%$19K$8K20xas long as short
Binance STABLEUSDTlong+0.0100%4h0.02487long leg$2.6M$2.7M75x
Bybit STABLEUSDT+0.0100%4h0.02489+0.095%$1.5M$725K25xas long as short
OKX STABLE-USDT-SWAPshort+0.0100%4h0.02487+0.006%$200K$379K20x
Gate STABLE_USDT+0.0100%4h0.02488+0.046%$175K$58K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02486−0.034%$615K$169K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02493+0.247%$184K$28K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDT+0.0100%4h0.02485−0.074%$285K$92K25xas long as short
BingX STABLE-USDT+0.0100%4h0.02488+0.046%$6.5Mas long as short
Variational Omni STABLE+0.0100%4h0.02491+0.147%$146K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02487+0.022%$1K$833K20xas long as short
Extended STABLE-USD+0.0104%1h0.02486−0.025%$14K$138K10xas long as short