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

STABLE

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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: Bitget against Hyperliquid+0.045%7-day average +0.027% · you sell dearer than you buy
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+0.290%+$29 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.045%, 7d avg +0.027%
Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STABLE0.024690.0100pay 0.0013% / 1h58m 32s$867K$187K3x
ShortBitget STABLEUSDT0.024700.0100get 0.0050% / 4h58m 32s$283K$90K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.045% → +0.027%
$1.78
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$19.22
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 41 min ago; Bitget: live order book, 56 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, 41 min ago2.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 56 min ago2.01 bp78.9 bp −$79241.0 bp −$2,410doesn'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%1h0.02486+0.709%$114K$6K3xas long as short
Hyperliquid STABLElong+0.0100%1h0.02469long leg$867K$187K3x
Aster STABLEUSDT+0.0100%4h0.02474+0.197%$18K$8K20xas long as short
Binance STABLEUSDT+0.0100%4h0.02471+0.093%$2.5M$2.7M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02470+0.045%$1.5M$763K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02470+0.045%$197K$371K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02475+0.247%$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 STABLEUSDTshort+0.0100%4h0.02470+0.045%$283K$90K25x
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%4h0.02473+0.154%$1K$843K20xas long as short
Extended STABLE-USD+0.0104%1h0.02472+0.127%$14K$136K10xas long as short
BloFin STABLE-USDT+0.0110%4h0.02481+0.490%$119K$7K75xas long as short