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

STABLE

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SwapBacktest
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: Hyperliquid against MEXC+0.012%7-day average +0.004% · 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−0.282%−$28 on $10k
Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.012%, 7d avg +0.004%
Together, before fees−0.297%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC STABLE_USDT0.024410.0100pay 0.0050% / 4h24m 23s$585K$164K20x
ShortHyperliquid STABLE0.024410.0100get 0.0013% / 1h24m 23s$859K$174K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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: +0.012% → +0.004%
$0.82
Slippage, 4 orders
no order book: not counted
Fee MEXC: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.18
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: MEXC: live order book, 6 min ago; Hyperliquid: live order book, 36 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 MEXC live order book, 6 min ago2.05 bp10.8 bp −$1133.3 bp −$333216.3 bp −$21.6K846.7 bp −$423.4K
Sell Hyperliquid live order book, 36 min ago2.87 bpdoesn't fitdoesn'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+0.0086%4h0.02442+0.041%$113K$10K75xas long as short
Lighter STABLE+0.0096%1h0.02457+0.639%$113K$10K3xas long as short
Hyperliquid STABLEshort+0.0100%1h0.02441+0.012%$859K$174K3x
Aster STABLEUSDT+0.0100%4h0.02442+0.055%$18K$9K20xas long as short
Binance STABLEUSDT+0.0100%4h0.02440−0.028%$2.5M$2.6M75xas long as short
Bybit STABLEUSDT+0.0100%4h0.02442+0.061%$1.5M$768K25xas long as short
OKX STABLE-USDT-SWAP+0.0100%4h0.02442+0.041%$210K$441K20xas long as short
Gate STABLE_USDT+0.0100%4h0.02444+0.123%$175K$57K50xas long as short
MEXC STABLE_USDTlong+0.0100%4h0.02441long leg$585K$164K20x
KuCoin STABLEUSDTM+0.0100%4h0.02448+0.287%$180K$29K30xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget STABLEUSDT+0.0100%4h0.02443+0.082%$282K$89K25xas long as short
BingX STABLE-USDT+0.0100%4h0.02443+0.082%$6.6Mas long as short
Variational Omni STABLE+0.0100%4h0.02447+0.227%$143K$8Kas long as short
SunX STABLE-USDT+0.0100%4h0.02443+0.102%$1K$925K20xas long as short
Extended STABLE-USD+0.0104%1h0.02440−0.056%$13K$207K10xas long as short