Funding you earn now, next payment 22:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.087%
Price spread now: Hyperliquid against BingX−0.216%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2012.014% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.216%, 7d avg −0.153%
=Together, before fees−0.102%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hyperliquid is 0.062% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.153%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX STBL-USDT | 0.02642 | 0.0410 | pay 0.0205% / 4h | 2h 18m | — | $6.6M | — |
| Short | Hyperliquid STBL | 0.02636 | 0.0198 | get 0.0025% / 1h | 18m 15s | $1.9M | $285K | 3x |
BingX STBL-USDT
Hyperliquid STBLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.55
- Price spread: −0.216% → −0.153%
- −$6.23
- Slippage, 4 orders
- −$182.36
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$252.14
- Costs to cover
- 2.014%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Hyperliquid: live order book, 3 min ago.
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 BingX live order book, 3 min ago | 26.51 bp | 76.9 bp −$77 | 280.4 bp −$2,804 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.46 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 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 STBL | +0.0096% | 1h | 0.02633 | −0.341% | $79K | $2K | 3x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02643 | +0.044% | $1.9M | $2.2M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02642 | 0.000% | $366K | $149K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02642 | 0.000% | $1.1M | $229K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02640 | −0.062% | $964 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02638 | −0.151% | $1K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0121% | 4h | 0.02643 | +0.038% | $127K | $22K | 50x | as long as short |
| Hyperliquid STBLshort | +0.0198% | 1h | 0.02636 | −0.216% | $1.9M | $285K | 3x | |
| BingX STBL-USDTlong | +0.0410% | 4h | 0.02642 | long leg | — | $6.6M | — | |
| Bybit STBLUSDT | +0.0415% | 4h | 0.02641 | −0.038% | $1.5M | $686K | 20x | as long as short |
Lighter STBL
Binance STBLUSDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
Bybit STBLUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STBL_USDT | +0.1010% | 4h | 0.02651 | +0.341% | $1.2M | $117K | 50x | as long as short |
| Aster STBLUSDT | +0.1053% | 4h | 0.02645 | +0.109% | $89K | $5K | 5x | as long as short |
Gate STBL_USDT
Aster STBLUSDT