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

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0934%/8h= +102.3% APRnext payment +$4.67 per $10,000 · paid last 24h −0.037%
Price spread now: Gate against BingX+0.226%7-day average +0.233% · you sell dearer than you buy
Net, funding: paid 7d − costs−$993as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,009as in the Price arb table
costs, in and out, $10k−$1,00810.080% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.154%+$15 on $10k
Price spread, last 7 days+0.024%+$2 · spread now +0.226%, 7d avg +0.233%
Together, before fees+0.178%+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.233%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.154% in total (about 8.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX STBL-USDT0.026580.0220pay 0.0110% / 4h2h 18m$6.6M
ShortGate STBL_USDT0.026640.1154get 0.0577% / 4h2h 18m$1.2M$96K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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
$196.14
Price spread: +0.226% → +0.233%
−$0.77
Slippage, 4 orders
−$982.96
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$812.59
Costs to cover
10.080%
Break-even
36.0 days
Slippage from BingX: live order book, 3 min ago; Gate: live order book, 3 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 BingX live order book, 3 min ago26.42 bp73.8 bp −$74315.0 bp −$3,150doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago16.97 bp586.7 bp −$587doesn't fitdoesn't fitdoesn't fit

STBL on 12 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
Lighter STBL+0.0096%1h0.02647−0.414%$79K$2K3xas long as short
Hyperliquid STBL+0.0100%1h0.02652−0.229%$1.9M$252K3xas long as short
Aster STBLUSDT+0.0100%4h0.02650−0.287%$89K$5K5xas long as short
Binance STBLUSDT+0.0100%4h0.02657−0.038%$1.9M$2.1M50xas long as short
MEXC STBL_USDT+0.0100%4h0.026580.000%$363K$147K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02647−0.414%$1.1M$236K20xas long as short
Variational Omni STBL+0.0100%4h0.02647−0.412%$966$276as long as short
SunX STBL-USDT+0.0100%4h0.02653−0.188%$2K$1.1M20xas long as short
BloFin STBL-USDT+0.0103%4h0.02653−0.188%$126K$21K50xas long as short
BingX STBL-USDTlong+0.0220%4h0.02658long leg$6.6M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit STBLUSDT+0.0232%4h0.02654−0.150%$1.5M$655K20xas long as short
Gate STBL_USDTshort+0.1154%4h0.02664+0.226%$1.2M$96K50x