Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.085%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$2072.074% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.085%, 7d avg −0.050%

Together, before fees+0.210%+$21 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: Bitget is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02485	0.0100	pay 0.0050% / 4h	1h 40m	$1.5M	$739K	25x
Short	Bitget STABLEUSDT	0.02483	0.0100	get 0.0050% / 4h	1h 40m	$286K	$100K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → −0.050%: −$3.48
Slippage, 4 orders: −$184.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$210.9
Costs to cover: 2.074%
Break-even: never at this rate

Slippage from Bybit: live order book, just now; Bitget: live order book, 14 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 Bybit live order book, just now	4.02 bp	33.7 bp −$34	445.5 bp −$4,455	doesn't fit	doesn't fit
Sell Bitget live order book, 14 min ago	2.01 bp	78.9 bp −$79	241.0 bp −$2,410	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	0.02497	+0.491%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02483	−0.085%	$874K	$186K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02484	−0.049%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02484	−0.044%	$2.6M	$2.8M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02485	long leg	$1.5M	$739K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02483	−0.085%	$199K	$390K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02483	−0.085%	$173K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02482	−0.125%	$616K	$167K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02491	+0.237%	$184K	$30K	30x	as long as short
Bitget STABLEUSDTshort	+0.0100%	4h	0.02483	−0.085%	$286K	$100K	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	0.02484	−0.044%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02486	+0.017%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02481	−0.161%	$1K	$824K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02483	−0.072%	$14K	$149K	10x	as long as short
BloFin STABLE-USDT	+0.0149%	4h	0.02484	−0.044%	$118K	$7K	75x	as long as short