Funding you earn now, next payment 04:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against Bybit−0.038%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$376as in the Funding arb table
Net, price: spread back to 7d avg − costs−$383as in the Price arb table
costs, in and out, $10k−$3753.748% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now −0.038%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.083% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STBLUSDT | 0.02656 | 0.0460 | pay 0.0230% / 4h | 1h 32m | $1.5M | $661K | 20x |
| Short | BingX STBL-USDT | 0.02655 | 0.0378 | get 0.0189% / 4h | 1h 32m | — | $6.6M | — |
Bybit STBLUSDT
BingX STBL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$17.14
- Price spread: −0.038% → +0.045%
- −$8.25
- Slippage, 4 orders
- −$353.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$400.24
- Costs to cover
- 3.748%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 4 min ago.
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 Bybit live order book, 3 min ago | 9.40 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 26.42 bp | 96.2 bp −$96 | 236.0 bp −$2,360 | 1022.9 bp −$102.3K | 1345.3 bp −$672.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STBL | +0.0096% | 1h | 0.02643 | −0.489% | $79K | $2K | 3x | as long as short |
| Hyperliquid STBL | +0.0100% | 1h | 0.02648 | −0.301% | $1.9M | $268K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02653 | −0.095% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02654 | −0.075% | $1.9M | $2.1M | 50x | as long as short |
| Gate STBL_USDT | +0.0100% | 4h | 0.02663 | +0.264% | $1.2M | $96K | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02654 | −0.075% | $362K | $148K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02648 | −0.301% | $1.1M | $230K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02651 | −0.189% | $967 | $276 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02648 | −0.301% | $2K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0130% | 4h | 0.02653 | −0.113% | $127K | $22K | 50x | as long as short |
Lighter STBL
Hyperliquid STBL
Aster STBLUSDT
Binance STBLUSDT
Gate STBL_USDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX STBL-USDTshort | +0.0378% | 4h | 0.02655 | −0.038% | — | $6.6M | — | |
| Bybit STBLUSDTlong | +0.0460% | 4h | 0.02656 | long leg | $1.5M | $661K | 20x |