Settings8H · net · $10k
Funding arb · Price arb /

STABLE

all STABLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX+0.002%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1031.034% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.141%+$14 on $10k
Price spread, last 7 days+0.040%+$4 · spread now +0.002%, 7d avg −0.006%
Together, before fees+0.181%+$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX STABLE-USDT-SWAP0.024310.0100pay 0.0050% / 4h2h 14m$209K$428K20x
ShortBinance STABLEUSDT0.024310.0100get 0.0050% / 4h2h 14m$2.4M$2.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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

Funding earned
$0
Price spread: +0.002% → −0.006%
$0.75
Slippage, 4 orders
−$83.37
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$102.61
Costs to cover
1.034%
Break-even
never at this rate
Slippage from OKX: live order book, 31 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 31 min ago4.10 bp32.3 bp −$321312.8 bp −$13.1Kdoesn't fitdoesn't fit
Sell Binance live order book, 6 min ago2.06 bp27.0 bp −$2797.6 bp −$976doesn't fitdoesn't fit

STABLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin STABLE-USDT+0.0050%4h0.024310.000%$113K$7K75xas long as short
Lighter STABLE+0.0096%1h0.02444+0.518%$112K$6K3xas long as short
Hyperliquid STABLE+0.0100%1h0.02430−0.029%$854K$183K3xas long as short
Aster STABLEUSDT+0.0100%4h0.02432+0.034%$18K$10K20xas long as short
Binance STABLEUSDTshort+0.0100%4h0.02431+0.002%$2.4M$2.8M75x
Bybit STABLEUSDT+0.0100%4h0.02433+0.086%$1.5M$788K25xas long as short
OKX STABLE-USDT-SWAPlong+0.0100%4h0.02431long leg$209K$428K20x
Gate STABLE_USDT+0.0100%4h0.024310.000%$173K$59K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.024310.000%$583K$165K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02434+0.123%$177K$28K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDT+0.0100%4h0.02433+0.082%$279K$94K25xas long as short
BingX STABLE-USDT+0.0100%4h0.024310.000%$6.6Mas long as short
Variational Omni STABLE+0.0100%4h0.02433+0.066%$143K$8Kas long as short
SunX STABLE-USDT+0.0100%4h0.02431−0.012%$2K$916K20xas long as short
Extended STABLE-USD+0.0104%1h0.02430−0.024%$11K$234K10xas long as short