Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.140%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1341.338% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.140%, 7d avg −0.077%

Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.063% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02444	0.0100	pay 0.0050% / 4h	1h 32m	—	$6.5M	—
Short	Extended STABLE-USD	0.02441	0.0104	get 0.0013% / 1h	32m 54s	$11K	$228K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.140%Rate

Funding earned: $0.84
Price spread: −0.140% → −0.077%: −$6.3
Slippage, 4 orders: −$118.75
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$139.21
Costs to cover: 1.338%
Break-even: 1167.1 days

Slippage from BingX: live order book, 9 min ago; Extended: live order book, 9 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, 9 min ago	4.11 bp	22.6 bp −$23	69.4 bp −$694	552.0 bp −$55.2K	1004.4 bp −$502.2K
Sell Extended live order book, 9 min ago	5.96 bp	40.8 bp −$41	370.8 bp −$3,708	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02454	+0.417%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02441	−0.102%	$858K	$183K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02441	−0.118%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02441	−0.123%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02445	+0.045%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02441	−0.123%	$212K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02441	−0.123%	$174K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02442	−0.082%	$584K	$165K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	0.000%	$178K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02446	+0.082%	$282K	$95K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTlong	+0.0100%	4h	0.02444	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02443	−0.038%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02441	−0.102%	$1K	$927K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02441	−0.140%	$11K	$228K	10x
BloFin STABLE-USDT	+0.0118%	4h	0.02440	−0.164%	$112K	$10K	75x	as long as short