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

STABLE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%
Price spread now: Bitget against BloFin+0.164%65s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1881.883% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.164%, 7d avg +0.028%
Together, before fees−0.136%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.136% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin STABLE-USDT0.024350.0067pay 0.0033% / 4h40m 12s$112K$10K75x
ShortBitget STABLEUSDT0.024390.0100get 0.0050% / 4h40m 12s$281K$89K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$6.99
Price spread: +0.164% → +0.028%
$13.61
Slippage, 4 orders
−$164.34
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$167.74
Costs to cover
1.883%
Break-even
174.9 days
Slippage from BloFin: live order book, 26 min ago; Bitget: live order book, 55 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 BloFin live order book, 26 min ago8.21 bp24.7 bp −$2559.5 bp −$595doesn't fitdoesn't fit
Sell Bitget live order book, 55 min ago6.14 bp68.9 bp −$69272.1 bp −$2,721doesn'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-USDTlong+0.0067%4h0.02435long leg$112K$10K75x
Lighter STABLE+0.0096%1h0.02452+0.686%$113K$10K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02437+0.070%$856K$180K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02438+0.108%$18K$9K20xas long as short
Binance STABLEUSDT+0.0100%4h0.02435+0.013%$2.5M$2.7M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02439+0.164%$1.5M$751K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02438+0.123%$214K$425K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02438+0.123%$174K$56K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02436+0.041%$582K$163K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02445+0.411%$179K$27K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDTshort+0.0100%4h0.02439+0.164%$281K$89K25x
BingX STABLE-USDT+0.0100%4h0.02439+0.164%$6.6Mas long as short
Variational Omni STABLE+0.0100%4h0.02442+0.268%$143K$8Kas long as short
SunX STABLE-USDT+0.0100%4h0.02438+0.140%$1K$925K20xas long as short
Extended STABLE-USD+0.0104%1h0.02435−0.015%$13K$187K10xas long as short