Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended+0.105%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2192.194% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now +0.105%, 7d avg +0.058%

Together, before fees−0.005%+ Points / potential airdropExtended: Active · farm board$0 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: Bitget is 0.047% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02449	0.0104	pay 0.0013% / 1h	55m 23s	$12K	$232K	10x
Short	Bitget STABLEUSDT	0.02452	0.0100	get 0.0050% / 4h	2h 55m	$282K	$93K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$0.84
Price spread: +0.105% → +0.058%: $4.7
Slippage, 4 orders: −$202.41
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$215.54
Costs to cover: 2.194%
Break-even: never at this rate

Slippage from Extended: live order book, 55 min ago; Bitget: live order book, 50 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, 55 min ago	4.10 bp	36.8 bp −$37	374.0 bp −$3,740	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	4.10 bp	66.7 bp −$67	164.4 bp −$1,644	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	0.02460	+0.435%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02449	−0.010%	$860K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02449	−0.035%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02451	+0.057%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02453	+0.133%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02450	+0.023%	$208K	$421K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02447	−0.099%	$175K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02449	−0.018%	$586K	$159K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02449	−0.018%	$178K	$29K	30x	as long as short
Bitget STABLEUSDTshort	+0.0100%	4h	0.02452	+0.105%	$282K	$93K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02449	−0.018%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02448	−0.056%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02445	−0.181%	$2K	$900K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02449	long leg	$12K	$232K	10x
BloFin STABLE-USDT	+0.0110%	4h	0.02443	−0.263%	$114K	$7K	75x	as long as short