Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against SunX+0.061%7-day average −0.012% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.061%, 7d avg −0.012%

Together, before fees−0.449%−$45 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 0.073% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02474	0.0100	pay 0.0050% / 4h	2h 33m	$2K	$646K	20x
Short	Bitget STABLEUSDT	0.02476	0.0100	get 0.0050% / 4h	2h 33m	$292K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. 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 SunXbpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → −0.012%: $7.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 47 min ago; Bitget: live order book, 49 min ago. Net counts fees only.

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 SunX live order book, 47 min ago	500.39 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 49 min ago	2.02 bp	57.7 bp −$58	209.5 bp −$2,095	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	−0.0321%	4h	0.02472	−0.084%	$19K	$7K	20x	as long as short
Hyperliquid STABLE	+0.0034%	1h	0.02475	+0.004%	$872K	$235K	3x	as long as short
Bybit STABLEUSDT	+0.0040%	4h	0.02476	+0.081%	$1.5M	$819K	25x	as long as short
Lighter STABLE	+0.0096%	1h	0.02490	+0.606%	$114K	$3K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02474	−0.020%	$2.4M	$2.7M	75x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02476	+0.061%	$204K	$418K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02473	−0.061%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02474	−0.020%	$660K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02477	+0.101%	$174K	$27K	30x	as long as short
Bitget STABLEUSDTshort	+0.0100%	4h	0.02476	+0.061%	$292K	$116K	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	0.02475	+0.020%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.037%	$145K	$51K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02474	long leg	$2K	$646K	20x
BloFin STABLE-USDT	+0.0101%	4h	0.02475	+0.020%	$114K	$8K	75x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02473	−0.056%	$12K	$175K	10x	as long as short