Funding arb · Price arb /

STBL

all STBL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.002%

Price spread now: Lighter against BloFin−0.113%90s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.113% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin STBL-USDT	0.02661	0.0150	pay 0.0075% / 4h	3h 19m	$127K	$22K	50x
Short	Lighter STBL	0.02658	0.0096	get 0.0012% / 1h	19m 35s	$80K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$11.25
Price spread: −0.113% → 0.000%: −$11.27
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 69 min ago; Lighter: no order-book sample. 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 BloFin live order book, 69 min ago	1.88 bp	49.1 bp −$49	236.8 bp −$2,368	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

STBL on 12 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 STBLshort	+0.0096%	1h	0.02658	−0.113%	$80K	$2K	3x
Aster STBLUSDT	+0.0100%	4h	0.02661	−0.010%	$89K	$5K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02666	+0.188%	$1.9M	$2.1M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02666	+0.188%	$361K	$148K	100x	as long as short
KuCoin STBLUSDTM	+0.0100%	4h	0.02659	−0.075%	$1.1M	$235K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02664	+0.114%	$972	$276	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02661	0.000%	$2K	$1.1M	20x	as long as short
BloFin STBL-USDTlong	+0.0150%	4h	0.02661	long leg	$127K	$22K	50x
Hyperliquid STBL	+0.0483%	1h	0.02663	+0.094%	$2.0M	$260K	3x	as long as short
BingX STBL-USDT	+0.0968%	4h	0.02665	+0.150%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STBLUSDT	+0.1025%	4h	0.02666	+0.188%	$1.5M	$658K	20x	as long as short
Gate STBL_USDT	+0.2048%	4h	0.02669	+0.301%	$1.2M	$94K	50x	as long as short