Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: SunX against Hyperliquid+0.090%52s7-day average +0.035% · you sell dearer than you buy

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

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.536%+$54 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.090%, 7d avg +0.035%

Together, before fees+0.506%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 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: SunX is 0.056% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STABLE	0.02438	0.0100	pay 0.0013% / 1h	43m 22s	$856K	$180K	3x
Short	SunX STABLE-USDT	0.02440	0.0100	get 0.0050% / 4h	43m 22s	$2K	$924K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee HyperliquidbpFee SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.035%: $5.57
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$11.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 17 min ago; SunX: live order book, 9 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, 17 min ago	2.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	498.36 bp	doesn't fit	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
BloFin STABLE-USDT	+0.0057%	4h	0.02436	−0.082%	$113K	$10K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02453	+0.595%	$113K	$10K	3x	as long as short
Hyperliquid STABLElong	+0.0100%	1h	0.02438	long leg	$856K	$180K	3x
Aster STABLEUSDT	+0.0100%	4h	0.02438	+0.018%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02436	−0.080%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.078%	$1.5M	$754K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	−0.041%	$213K	$425K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02439	+0.041%	$174K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02437	−0.041%	$582K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02445	+0.287%	$179K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02441	+0.123%	$282K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02440	+0.082%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.124%	$143K	$8K	—	as long as short
SunX STABLE-USDTshort	+0.0100%	4h	0.02440	+0.090%	$2K	$924K	20x
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.095%	$13K	$187K	10x	as long as short