STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h 0.000%

Price spread now: BloFin against Bitget0.000%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1711.713% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now 0.000%, 7d avg −0.030%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.030% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02488	0.0100	pay 0.0050% / 4h	3h 12m	$286K	$87K	25x
Short	BloFin STABLE-USDT	0.02488	0.0154	get 0.0077% / 4h	3h 12m	$114K	$11K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $11.32
Price spread: 0.000% → −0.030%: $2.98
Slippage, 4 orders: −$147.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$156.98
Costs to cover: 1.713%
Break-even: 104.1 days

Slippage from Bitget: live order book, 12 min ago; BloFin: live order book, 43 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 Bitget live order book, 12 min ago	4.06 bp	65.2 bp −$65	219.8 bp −$2,198	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	2.04 bp	8.0 bp −$8	54.1 bp −$541	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
Lighter STABLE	+0.0096%	1h	0.02499	+0.442%	$115K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02491	+0.133%	$876K	$163K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02489	+0.026%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02491	+0.121%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02492	+0.161%	$1.6M	$766K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02491	+0.121%	$212K	$453K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02490	+0.080%	$179K	$57K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02490	+0.080%	$602K	$161K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02492	+0.161%	$186K	$27K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02488	long leg	$286K	$87K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02491	+0.121%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02489	+0.026%	$146K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02487	−0.044%	$2K	$968K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02489	+0.054%	$13K	$211K	10x	as long as short
BloFin STABLE-USDTshort	+0.0154%	4h	0.02488	0.000%	$114K	$11K	75x