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

STABLE

all STABLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Binance against Hyperliquid−0.011%7-day average −0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.284%+$28 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.011%, 7d avg −0.010%
Together, before fees+0.244%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STABLE0.024690.0100pay 0.0013% / 1h58m 20s$867K$187K3x
ShortBinance STABLEUSDT0.024690.0100get 0.0050% / 4h58m 20s$2.5M$2.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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
$0
Price spread: −0.011% → −0.010%
−$0.09
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$19.09
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 42 min ago; Binance: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 42 min ago2.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 7 min ago2.03 bp26.6 bp −$2798.4 bp −$984doesn't fitdoesn't fit

STABLE on 15 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 STABLE+0.0096%1h0.02485+0.652%$114K$6K3xas long as short
Hyperliquid STABLElong+0.0100%1h0.02469long leg$867K$187K3x
Aster STABLEUSDT+0.0100%4h0.02473+0.173%$18K$8K20xas long as short
Binance STABLEUSDTshort+0.0100%4h0.02469−0.011%$2.5M$2.7M75x
Bybit STABLEUSDT+0.0100%4h0.02467−0.077%$1.5M$764K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02461−0.320%$197K$371K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02472+0.126%$174K$56K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02470+0.045%$611K$155K20xas long as short
KuCoin STABLEUSDTM+0.0100%4h0.02480+0.450%$183K$28K30xas long as short
Bitget STABLEUSDT+0.0100%4h0.02470+0.045%$283K$90K25xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STABLE-USDT+0.0100%4h0.02471+0.085%$6.5Mas long as short
Variational Omni STABLE+0.0100%4h0.02482+0.531%$145K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02468−0.028%$2K$843K20xas long as short
Extended STABLE-USD+0.0104%1h0.02469+0.012%$14K$136K10xas long as short
BloFin STABLE-USDT+0.0110%4h0.02481+0.490%$119K$7K75xas long as short