Funding arb · Price arb /

STBL

all STBL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1462%/8h= −160.1% APRpaid last 24h −0.150%

Price spread now: Lighter against Gate−0.339%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.420%−$42 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 −$44 a day on $10k at the current rate, and Lighter is 0.339% cheaper against Gate than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.420% in total (about -21.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STBL_USDT	0.02654	0.1558	pay 0.0779% / 4h	2h 34m	$1.2M	$95K	50x
Short	Lighter STBL	0.02645	0.0096	get 0.0012% / 1h	34m 31s	$79K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.339%Rate

Funding earned: −$307.02
Price spread: −0.339% → 0.000%: −$33.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$355.93
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	15.03 bp	264.6 bp −$265	doesn't fit	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	0.02645	−0.339%	$79K	$2K	3x
Aster STBLUSDT	+0.0100%	4h	0.02650	−0.163%	$89K	$5K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02654	0.000%	$1.9M	$2.0M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02656	+0.075%	$362K	$146K	100x	as long as short
KuCoin STBLUSDTM	+0.0100%	4h	0.02647	−0.264%	$1.1M	$236K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02652	−0.072%	$969	$276	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02652	−0.075%	$1K	$1.1M	20x	as long as short
BloFin STBL-USDT	+0.0141%	4h	0.02658	+0.151%	$127K	$21K	50x	as long as short
Hyperliquid STBL	+0.0233%	1h	0.02652	−0.064%	$1.9M	$257K	3x	as long as short
Bybit STBLUSDT	+0.0478%	4h	0.02653	−0.038%	$1.5M	$654K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STBL-USDT	+0.0582%	4h	0.02654	0.000%	—	$6.6M	—	as long as short
Gate STBL_USDTlong	+0.1558%	4h	0.02654	long leg	$1.2M	$95K	50x