Funding arb · Price arb /

STBL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h −0.001%

Price spread now: Lighter against BloFin−0.490%390s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.490% cheaper against BloFin than usual: you would sell low and buy high, −$49 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 390 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	BloFin STBL-USDT	0.02653	0.0087	pay 0.0044% / 4h	2h 42m	$128K	$22K	50x
Short	Lighter STBL	0.02640	0.0096	get 0.0012% / 1h	42m 35s	$79K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.490%Rate

Funding earned: $1.84
Price spread: −0.490% → 0.000%: −$49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.16
Costs to cover: 0.120%
Break-even: 232.4 days

Slippage unknown: BloFin: live order book, 8 min ago; Lighter: no order-book sample. 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 BloFin live order book, 8 min ago	3.78 bp	20.1 bp −$20	177.8 bp −$1,778	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

STBL on 12 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 STBL-USDTlong	+0.0087%	4h	0.02653	long leg	$128K	$22K	50x
Lighter STBLshort	+0.0096%	1h	0.02640	−0.490%	$79K	$2K	3x
Hyperliquid STBL	+0.0100%	1h	0.02646	−0.260%	$1.9M	$285K	3x	as long as short
Aster STBLUSDT	+0.0100%	4h	0.02647	−0.216%	$89K	$6K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02653	−0.018%	$1.9M	$2.3M	50x	as long as short
Bybit STBLUSDT	+0.0100%	4h	0.02653	0.000%	$1.5M	$670K	20x	as long as short
Gate STBL_USDT	+0.0100%	4h	0.02660	+0.264%	$1.2M	$110K	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02653	0.000%	$367K	$148K	100x	as long as short
BingX STBL-USDT	+0.0100%	4h	0.02652	−0.038%	—	$6.6M	—	as long as short
Variational Omni STBL	+0.0100%	4h	0.02648	−0.204%	$967	$276	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX STBL-USDT	+0.0100%	4h	0.02649	−0.151%	$1K	$1.2M	20x	as long as short
KuCoin STBLUSDTM	+0.0236%	4h	0.02648	−0.188%	$1.1M	$234K	20x	as long as short