Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.004%

Price spread now: BloFin against Extended+0.213%94s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1271.274% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now +0.213%, 7d avg +0.030%

Together, before fees−0.177%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.183% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02433	0.0104	pay 0.0013% / 1h	3m 34s	$13K	$187K	10x
Short	BloFin STABLE-USDT	0.02438	0.0156	get 0.0078% / 4h	1h 03m	$113K	$10K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.213%Rate

Funding earned: $10.87
Price spread: +0.213% → +0.030%: $18.3
Slippage, 4 orders: −$110.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$98.28
Costs to cover: 1.274%
Break-even: 70.3 days

Slippage from Extended: live order book, 38 min ago; BloFin: live order book, 3 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, 38 min ago	5.96 bp	38.9 bp −$39	300.8 bp −$3,008	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	8.21 bp	23.0 bp −$23	55.9 bp −$559	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	0.02450	+0.711%	$112K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02434	+0.069%	$855K	$181K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02436	+0.138%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02434	+0.029%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02437	+0.168%	$1.5M	$757K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	+0.090%	$213K	$427K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02435	+0.090%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02434	+0.049%	$582K	$166K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	+0.460%	$179K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02437	+0.172%	$281K	$95K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02436	+0.131%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02440	+0.278%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02435	+0.106%	$1K	$926K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02433	long leg	$13K	$187K	10x
BloFin STABLE-USDTshort	+0.0156%	4h	0.02438	+0.213%	$113K	$10K	75x