Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX−0.116%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1461.461% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.116%, 7d avg −0.081%

Together, before fees−0.171%+ Points / potential airdropExtended: Active · farm board−$17 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 0.035% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02477	0.0100	pay 0.0050% / 4h	2h 28m	—	$6.5M	—
Short	Extended STABLE-USD	0.02474	0.0104	get 0.0013% / 1h	28m 30s	$12K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0.84
Price spread: −0.116% → −0.081%: −$3.49
Slippage, 4 orders: −$131.06
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$148.7
Costs to cover: 1.461%
Break-even: 1246.2 days

Slippage from BingX: live order book, 3 min ago; Extended: live order book, 57 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 BingX live order book, 3 min ago	8.08 bp	32.4 bp −$32	87.2 bp −$872	626.7 bp −$62.7K	1022.4 bp −$511.2K
Sell Extended live order book, 57 min ago	6.06 bp	37.8 bp −$38	367.6 bp −$3,676	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
Aster STABLEUSDT	−0.0296%	4h	0.02474	−0.103%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0058%	4h	0.02474	−0.121%	$114K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02490	+0.505%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02475	−0.081%	$872K	$235K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02474	−0.101%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02476	−0.036%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	−0.040%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02474	−0.121%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02475	−0.081%	$660K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02478	+0.040%	$175K	$27K	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	0.02476	−0.040%	$292K	$116K	25x	as long as short
BingX STABLE-USDTlong	+0.0100%	4h	0.02477	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02478	+0.036%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02477	−0.012%	$2K	$646K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02474	−0.116%	$12K	$175K	10x