Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: BingX against Extended+0.179%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1431.433% of the position

Long on Extended Short on BingX

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)−0.032%−$3 · spread now +0.179%, 7d avg +0.078%

Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 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: BingX is 0.102% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02435	0.0104	pay 0.0013% / 1h	40m 08s	$13K	$187K	10x
Short	BingX STABLE-USDT	0.02439	0.0100	get 0.0050% / 4h	40m 08s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$0.84
Price spread: +0.179% → +0.078%: $10.16
Slippage, 4 orders: −$128.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$133.94
Costs to cover: 1.433%
Break-even: never at this rate

Slippage from Extended: live order book, 62 min ago; BingX: 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 Extended live order book, 62 min ago	5.96 bp	38.9 bp −$39	300.8 bp −$3,008	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	6.16 bp	30.4 bp −$30	88.5 bp −$885	723.2 bp −$72.3K	1255.4 bp −$627.7K

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	+0.0067%	4h	0.02435	+0.015%	$112K	$10K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02452	+0.701%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02437	+0.085%	$856K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02438	+0.123%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02435	+0.028%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02439	+0.179%	$1.5M	$751K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02438	+0.138%	$214K	$425K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02438	+0.138%	$174K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02436	+0.056%	$582K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02445	+0.426%	$179K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02439	+0.179%	$281K	$89K	25x	as long as short
BingX STABLE-USDTshort	+0.0100%	4h	0.02439	+0.179%	—	$6.6M	—
Variational Omni STABLE	+0.0100%	4h	0.02442	+0.283%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02438	+0.155%	$1K	$925K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02435	long leg	$13K	$187K	10x