Funding arb · Price arb /

STABLE

all STABLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h −0.002%

Price spread now: BloFin against Extended+0.086%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1251.253% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.086%, 7d avg +0.027%

Together, before fees+0.015%+ Points / potential airdropExtended: Active · farm board+$2 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: BloFin is 0.058% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02428	0.0104	pay 0.0013% / 1h	28m 43s	$11K	$216K	10x
Short	BloFin STABLE-USDT	0.02430	0.0097	get 0.0049% / 4h	1h 28m	$112K	$20K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$1.46
Price spread: +0.086% → +0.027%: $5.83
Slippage, 4 orders: −$108.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$120.93
Costs to cover: 1.253%
Break-even: never at this rate

Slippage from Extended: live order book, 15 min ago; BloFin: live order book, 7 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 Extended live order book, 15 min ago	5.15 bp	38.4 bp −$38	317.3 bp −$3,173	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	4.11 bp	25.8 bp −$26	65.5 bp −$655	doesn't fit	doesn't fit

STABLE on 15 exchanges

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	0.02443	+0.625%	$112K	$10K	3x	as long as short
BloFin STABLE-USDTshort	+0.0097%	4h	0.02430	+0.086%	$112K	$20K	75x
Hyperliquid STABLE	+0.0100%	1h	0.02430	+0.069%	$851K	$143K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02429	+0.051%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02429	+0.024%	$2.4M	$2.5M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02431	+0.131%	$1.5M	$760K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02431	+0.127%	$209K	$405K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02430	+0.086%	$181K	$47K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02428	+0.003%	$598K	$151K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02433	+0.209%	$181K	$26K	30x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02430	+0.086%	$280K	$83K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02430	+0.086%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02430	+0.083%	$142K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02428	+0.003%	$964	$1.0M	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02428	long leg	$11K	$216K	10x