Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended+0.026%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1511.506% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.026%, 7d avg +0.088%

Together, before fees−0.071%+ Points / potential airdropExtended: Active · farm board−$7 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: OKX is 0.062% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02467	0.0104	pay 0.0013% / 1h	19m 14s	$12K	$133K	10x
Short	OKX STABLE-USDT-SWAP	0.02468	0.0100	get 0.0050% / 4h	19m 14s	$195K	$393K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$0.84
Price spread: +0.026% → +0.088%: −$6.15
Slippage, 4 orders: −$135.6
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$157.59
Costs to cover: 1.506%
Break-even: never at this rate

Slippage from Extended: live order book, 36 min ago; OKX: live order book, 36 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, 36 min ago	3.46 bp	38.7 bp −$39	299.6 bp −$2,996	doesn't fit	doesn't fit
Sell OKX live order book, 36 min ago	6.10 bp	38.4 bp −$38	2444.6 bp −$24.4K	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
BloFin STABLE-USDT	+0.0071%	4h	0.02474	+0.269%	$117K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.638%	$114K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02467	−0.006%	$867K	$186K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02468	+0.035%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02468	+0.026%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02469	+0.083%	$1.5M	$772K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02468	+0.026%	$195K	$393K	20x
Gate STABLE_USDT	+0.0100%	4h	0.02470	+0.107%	$175K	$59K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02468	+0.026%	$590K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02473	+0.229%	$179K	$29K	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	0.02470	+0.107%	$283K	$90K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02468	+0.026%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.312%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02467	−0.014%	$2K	$858K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02467	long leg	$12K	$133K	10x