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: Extended against Lighter−0.557%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$481as in the Price arb table

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

Long on Lighter Short on Extended

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)+0.475%+$47 · spread now −0.557%, 7d avg −0.122%

Together, before fees+1.621%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$162 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: Extended is 0.435% cheaper against Lighter than usual: you would sell low and buy high, −$44 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	Lighter STABLE	0.02454	0.0096	pay 0.0012% / 1h	28m 10s	$113K	$6K	3x
Short	Extended STABLE-USD	0.02441	0.0104	get 0.0013% / 1h	28m 10s	$12K	$134K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter. 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 LighterbpFee ExtendedbpOrdersPrice spread, now −0.557%Rate

Funding earned: $1.68
Price spread: −0.557% → −0.122%: −$43.51
Slippage, 4 orders: −$432.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$479.22
Costs to cover: 4.374%
Break-even: 2003.8 days

Slippage from Lighter: live order book, 6 min ago; Extended: live order book, 22 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 Lighter live order book, 6 min ago	127.76 bp	206.2 bp −$206	336.8 bp −$3,368	doesn't fit	doesn't fit
Sell Extended live order book, 22 min ago	4.10 bp	34.5 bp −$35	270.8 bp −$2,708	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	+0.0055%	4h	0.02442	−0.497%	$115K	$7K	75x	as long as short
Lighter STABLElong	+0.0096%	1h	0.02454	long leg	$113K	$6K	3x
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.648%	$856K	$184K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02442	−0.506%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02439	−0.599%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02442	−0.497%	$1.5M	$819K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02439	−0.619%	$201K	$420K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02442	−0.497%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02439	−0.619%	$583K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02445	−0.375%	$177K	$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	0.02442	−0.497%	$281K	$93K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02443	−0.456%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02451	−0.127%	$143K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02440	−0.570%	$1K	$895K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02441	−0.557%	$12K	$134K	10x