STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Extended+0.571%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$552as in the Funding arb table

Net, price: spread back to 7d avg − costs−$393as in the Price arb table

costs, in and out, $10k−$4374.374% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.146%−$115 on $10k

Price spread, last 4 days (all we have)−0.488%−$49 · spread now +0.571%, 7d avg +0.122%

Together, before fees−1.635%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$163 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: Lighter is 0.449% dearer against Extended than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02438	0.0104	pay 0.0013% / 1h	27m 01s	$12K	$134K	10x
Short	Lighter STABLE	0.02452	0.0096	get 0.0012% / 1h	27m 01s	$113K	$6K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.571%Rate

Funding earned: −$1.68
Price spread: +0.571% → +0.122%: $44.87
Slippage, 4 orders: −$432.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$394.2
Costs to cover: 4.374%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; Lighter: live order book, 7 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, 24 min ago	4.10 bp	36.8 bp −$37	374.0 bp −$3,740	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	127.76 bp	159.9 bp −$160	552.6 bp −$5,526	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 STABLEshort	+0.0096%	1h	0.02452	+0.571%	$113K	$6K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.012%	$856K	$184K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02440	+0.070%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	−0.012%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.078%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02439	+0.029%	$201K	$419K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02440	+0.070%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02438	−0.012%	$583K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02444	+0.234%	$177K	$29K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02439	+0.029%	$280K	$93K	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	0.02440	+0.070%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02451	+0.524%	$143K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02439	+0.009%	$1K	$895K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02438	long leg	$12K	$134K	10x
BloFin STABLE-USDT	+0.0124%	4h	0.02437	−0.053%	$114K	$7K	75x	as long as short