STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Hyperliquid against Extended+0.002%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1201.200% of the position

Long on Extended Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.002%, 7d avg +0.030%

Together, before fees−0.197%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$20 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: Hyperliquid is 0.028% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STABLE-USD	0.02473	0.0104	pay 0.0013% / 1h	18m 54s	$12K	$175K	10x
Short	Hyperliquid STABLE	0.02473	0.0100	get 0.0013% / 1h	18m 54s	$871K	$235K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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 ExtendedbpFee HyperliquidbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.84
Price spread: +0.002% → +0.030%: −$2.78
Slippage, 4 orders: −$106
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$123.62
Costs to cover: 1.200%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 1 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 Extended live order book, 2 min ago	5.66 bp	40.5 bp −$41	346.2 bp −$3,462	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 1 min ago	2.02 bp	21.3 bp −$21	doesn't fit	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	−0.0280%	4h	0.02476	+0.121%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02489	+0.677%	$114K	$3K	3x	as long as short
Hyperliquid STABLEshort	+0.0100%	1h	0.02473	+0.002%	$871K	$235K	3x
Binance STABLEUSDT	+0.0100%	4h	0.02473	+0.014%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02476	+0.123%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02474	+0.054%	$204K	$417K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02472	−0.026%	$171K	$87K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02473	+0.014%	$660K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02478	+0.216%	$175K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02475	+0.095%	$292K	$116K	25x	as long as short

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	+0.095%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02475	+0.110%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02474	+0.075%	$2K	$647K	20x	as long as short
Extended STABLE-USDlong	+0.0104%	1h	0.02473	long leg	$12K	$175K	10x
BloFin STABLE-USDT	+0.0117%	4h	0.02473	+0.014%	$114K	$8K	75x	as long as short