STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bybit−0.205%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1141.139% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 4 days (all we have)+0.177%+$18 · spread now −0.205%, 7d avg −0.075%

Together, before fees+0.432%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.130% cheaper against Bybit than usual: you would sell low and buy high (spread −0.205% now, against its 7-day average of −0.075%). If the spread goes back, that is −$13 on $10k: about 8.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.255% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02437	0.0100	pay 0.0050% / 4h	1h 56m	$1.5M	$760K	25x
Short	BloFin STABLE-USDT	0.02432	0.0151	get 0.0076% / 4h	1h 56m	$112K	$20K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BloFinbpOrdersPrice spread, now −0.205%Rate

Funding earned: $10.71
Price spread: −0.205% → −0.075%: −$13.03
Slippage, 4 orders: −$90.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$116.21
Costs to cover: 1.139%
Break-even: 82.9 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 46 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 Bybit live order book, 2 min ago	6.15 bp	29.5 bp −$30	509.8 bp −$5,098	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	2.04 bp	20.0 bp −$20	54.0 bp −$540	doesn't fit	doesn't fit

STABLE on 15 exchanges

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	0.02448	+0.472%	$112K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02434	−0.123%	$852K	$143K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02436	−0.047%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02435	−0.072%	$2.5M	$2.5M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02437	long leg	$1.5M	$760K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02438	+0.041%	$210K	$411K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02437	0.000%	$181K	$47K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02435	−0.082%	$606K	$149K	20x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02436	−0.041%	$281K	$82K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02437	0.000%	—	$6.6M	—	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni STABLE	+0.0100%	4h	0.02434	−0.106%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02435	−0.078%	$2K	$1.0M	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02435	−0.072%	$14K	$216K	10x	as long as short
KuCoin STABLEUSDTM	+0.0140%	4h	0.02442	+0.205%	$183K	$25K	30x	as long as short
BloFin STABLE-USDTshort	+0.0151%	4h	0.02432	−0.205%	$112K	$20K	75x