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

STABLE

all STABLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: KuCoin against Hyperliquid+0.152%7-day average +0.141% · 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+0.389%+$39 on $10k
Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.152%, 7d avg +0.141%
Together, before fees+0.500%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STABLE0.024950.0100pay 0.0013% / 1h17m 56s$878K$180K3x
ShortKuCoin STABLEUSDTM0.024990.0100get 0.0050% / 4h1h 17m$185K$29K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.152% → +0.141%
$1.14
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$19.86
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 22 min ago; KuCoin: live order book, 2 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, 22 min ago2.01 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago6.00 bp222.2 bp −$222doesn't fitdoesn'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
BloFin STABLE-USDT+0.0079%4h0.02495−0.008%$118K$7K75xas long as short
Lighter STABLE+0.0096%1h0.02504+0.357%$115K$6K3xas long as short
Hyperliquid STABLElong+0.0100%1h0.02495long leg$878K$180K3x
Aster STABLEUSDT+0.0100%4h0.02492−0.111%$19K$8K20xas long as short
Binance STABLEUSDT+0.0100%4h0.02495−0.008%$2.6M$2.8M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02499+0.148%$1.5M$727K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02496+0.032%$201K$382K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02494−0.048%$176K$58K50xas long as short
MEXC STABLE_USDT+0.0100%4h0.02495−0.008%$617K$168K20xas long as short
KuCoin STABLEUSDTMshort+0.0100%4h0.02499+0.152%$185K$29K30x
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDT+0.0100%4h0.02496+0.032%$287K$92K25xas long as short
BingX STABLE-USDT+0.0100%4h0.02495−0.008%$6.5Mas long as short
Variational Omni STABLE+0.0100%4h0.02495−0.027%$146K$50Kas long as short
SunX STABLE-USDT+0.0100%4h0.02492−0.140%$2K$832K20xas long as short
Extended STABLE-USD+0.0104%1h0.02494−0.036%$14K$138K10xas long as short