Funding arb · Price arb /

STABLE

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Swap Backtest

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: Bybit against SunX+0.144%46s7-day average +0.039% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.144%, 7d avg +0.039%

Together, before fees−0.669%−$67 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: Bybit is 0.105% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STABLE-USDT	0.02436	0.0100	pay 0.0050% / 4h	3h 09m	$2K	$895K	20x
Short	Bybit STABLEUSDT	0.02440	0.0100	get 0.0050% / 4h	3h 09m	$1.5M	$769K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → +0.039%: $10.51
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.10 bp	49.6 bp −$50	258.9 bp −$2,589	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
BloFin STABLE-USDT	+0.0094%	4h	0.02440	+0.148%	$114K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02451	+0.603%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	+0.053%	$856K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02439	+0.117%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02438	+0.084%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDTshort	+0.0100%	4h	0.02440	+0.144%	$1.5M	$769K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02435	−0.057%	$201K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02438	+0.066%	$174K	$60K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02439	+0.107%	$584K	$162K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02441	+0.189%	$177K	$29K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02439	+0.107%	$280K	$93K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02440	+0.148%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02443	+0.252%	$143K	$8K	—	as long as short
SunX STABLE-USDTlong	+0.0100%	4h	0.02436	long leg	$2K	$895K	20x
Extended STABLE-USD	+0.0104%	1h	0.02438	+0.073%	$11K	$140K	10x	as long as short