Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.035%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$204as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2032.035% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.035%, 7d avg −0.036%

Together, before fees−0.074%−$7 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: Binance is 0.071% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02438	0.0100	pay 0.0050% / 4h	3h 09m	$280K	$93K	25x
Short	Binance STABLEUSDT	0.02439	0.0100	get 0.0050% / 4h	3h 09m	$2.5M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.036%: $7.08
Slippage, 4 orders: −$181.48
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$196.4
Costs to cover: 2.035%
Break-even: never at this rate

Slippage from Bitget: live order book, 36 min ago; Binance: live order book, 11 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 Bitget live order book, 36 min ago	4.10 bp	81.5 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.05 bp	31.6 bp −$32	105.5 bp −$1,055	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
BloFin STABLE-USDT	+0.0094%	4h	0.02440	+0.082%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02451	+0.537%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02437	−0.033%	$856K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	+0.071%	$18K	$10K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02439	+0.035%	$2.5M	$2.8M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02441	+0.123%	$1.5M	$769K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.123%	$201K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02437	−0.041%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02439	+0.041%	$584K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	+0.123%	$177K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTlong	+0.0100%	4h	0.02438	long leg	$280K	$93K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02440	+0.082%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02443	+0.187%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02436	−0.066%	$2K	$895K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02438	+0.007%	$11K	$140K	10x	as long as short