Funding arb · Price arb /

STBL

all STBL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.001%

Price spread now: BloFin against Lighter+0.532%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on BloFin

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.532% dearer against Lighter than usual: you sell high and buy low: +$53 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STBL	0.02634	0.0096	pay 0.0012% / 1h	4m 58s	$79K	$2K	3x
Short	BloFin STBL-USDT	0.02648	0.0159	get 0.0080% / 4h	1h 04m	$126K	$22K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.532%Rate

Funding earned: $13.33
Price spread: +0.532% → 0.000%: $53.15
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.48
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 68 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin live order book, 68 min ago	7.60 bp	48.9 bp −$49	117.7 bp −$1,177	doesn't fit	doesn't fit

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 STBLlong	+0.0096%	1h	0.02634	long leg	$79K	$2K	3x
Hyperliquid STBL	+0.0100%	1h	0.02638	+0.152%	$1.9M	$280K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02643	+0.332%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02642	+0.304%	$369K	$150K	100x	as long as short
KuCoin STBLUSDTM	+0.0100%	4h	0.02643	+0.342%	$1.1M	$231K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02643	+0.328%	$966	$282	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02638	+0.152%	$2K	$1.1M	20x	as long as short
Bybit STBLUSDT	+0.0136%	4h	0.02642	+0.304%	$1.5M	$689K	20x	as long as short
BloFin STBL-USDTshort	+0.0159%	4h	0.02648	+0.532%	$126K	$22K	50x
BingX STBL-USDT	+0.0176%	4h	0.02643	+0.342%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STBL_USDT	+0.0266%	4h	0.02651	+0.645%	$1.2M	$118K	50x	as long as short
Aster STBLUSDT	+0.0293%	4h	0.02640	+0.228%	$88K	$6K	5x	as long as short