STABLE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Extended against Hyperliquid−0.059%7-day average −0.030% · you buy dearer than you sell

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

Long on Hyperliquid Short on Extended

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)−0.054%−$5 · spread now −0.059%, 7d avg −0.030%

Together, before fees+0.228%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$23 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: Extended is 0.029% cheaper against Hyperliquid 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	Hyperliquid STABLE	0.02465	0.0100	pay 0.0013% / 1h	57m 50s	$866K	$187K	3x
Short	Extended STABLE-USD	0.02463	0.0104	get 0.0013% / 1h	57m 50s	$14K	$136K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0.84
Price spread: −0.059% → −0.030%: −$2.85
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.01
Costs to cover: 0.140%
Break-even: 140.4 days

Slippage unknown: Hyperliquid: live order book, 42 min ago; Extended: live order book, 63 min ago. 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 Hyperliquid live order book, 42 min ago	2.01 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 63 min ago	3.62 bp	38.2 bp −$38	403.3 bp −$4,033	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
Lighter STABLE	+0.0096%	1h	0.02485	+0.820%	$114K	$6K	3x	as long as short
Hyperliquid STABLElong	+0.0100%	1h	0.02465	long leg	$866K	$187K	3x
Aster STABLEUSDT	+0.0100%	4h	0.02469	+0.173%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02461	−0.150%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02462	−0.114%	$1.5M	$764K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02459	−0.235%	$196K	$371K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02464	−0.032%	$173K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02463	−0.073%	$609K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02473	+0.333%	$183K	$28K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02464	−0.032%	$283K	$90K	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	0.02463	−0.073%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02482	+0.698%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02468	+0.138%	$2K	$843K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02463	−0.059%	$14K	$136K	10x
BloFin STABLE-USDT	+0.0110%	4h	0.02481	+0.657%	$119K	$7K	75x	as long as short