Settings8H · net · $10k
Funding arb · Price arb /

STABLE

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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
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%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended STABLE-USD0.024380.0104pay 0.0013% / 1h27m 01s$12K$134K10x
ShortLighter STABLE0.024520.0096get 0.0012% / 1h27m 01s$113K$6K3x

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

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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 24 min ago4.10 bp36.8 bp −$37374.0 bp −$3,740doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago127.76 bp159.9 bp −$160552.6 bp −$5,526doesn't fitdoesn't fit

STABLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter STABLEshort+0.0096%1h0.02452+0.571%$113K$6K3x
Hyperliquid STABLE+0.0100%1h0.02438−0.012%$856K$184K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02440+0.070%$18K$10K20xas long as short
Binance STABLEUSDT+0.0100%4h0.02438−0.012%$2.5M$2.8M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02440+0.078%$1.5M$818K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02439+0.029%$201K$419K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02440+0.070%$174K$60K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02438−0.012%$583K$161K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02444+0.234%$177K$29K30xas long as short
Bitget STABLEUSDT+0.0100%4h0.02439+0.029%$280K$93K25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STABLE-USDT+0.0100%4h0.02440+0.070%$6.5Mas long as short
Variational Omni STABLE+0.0100%4h0.02451+0.524%$143K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02439+0.009%$1K$895K20xas long as short
Extended STABLE-USDlong+0.0104%1h0.02438long leg$12K$134K10x
BloFin STABLE-USDT+0.0124%4h0.02437−0.053%$114K$7K75xas long as short