Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+0.197%7-day average +0.064% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.254%+$25 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now +0.197%, 7d avg +0.064%

Together, before fees+0.419%+ Points / potential airdropExtended: Active · farm board+$42 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: SunX is 0.133% dearer against Extended than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02464	0.0104	pay 0.0013% / 1h	33m 44s	$12K	$211K	10x
Short	SunX STABLE-USDT	0.02469	0.0100	get 0.0050% / 4h	3h 33m	$2K	$955K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$0.84
Price spread: +0.197% → +0.064%: $13.28
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.56
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Extended: live order book, 62 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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, 62 min ago	6.38 bp	44.3 bp −$44	307.9 bp −$3,079	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	498.58 bp	doesn't fit	doesn't fit	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	0.02479	+0.627%	$114K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02465	+0.027%	$867K	$165K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02467	+0.119%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02464	+0.019%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02466	+0.088%	$1.5M	$770K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02469	+0.209%	$211K	$449K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02467	+0.128%	$178K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02466	+0.088%	$596K	$159K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	+0.412%	$185K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02466	+0.088%	$284K	$89K	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	0.02466	+0.088%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02470	+0.233%	$145K	$8K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02469	+0.197%	$2K	$955K	20x
Extended STABLE-USDlong	+0.0104%	1h	0.02464	long leg	$12K	$211K	10x
BloFin STABLE-USDT	+0.0137%	4h	0.02465	+0.047%	$114K	$11K	75x	as long as short