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

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.070%
Price spread now: Hyperliquid against BloFin−0.099%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1501.498% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 3 days (all we have)+0.123%+$12 · spread now −0.099%, 7d avg −0.206%
Together, before fees+0.293%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.107% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.206%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin STBL-USDT0.026380.0088pay 0.0044% / 4h1h 21m$127K$22K50x
ShortHyperliquid STBL0.026350.0100get 0.0013% / 1h21m 05s$1.9M$280K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$2.58
Price spread: −0.099% → −0.206%
$10.74
Slippage, 4 orders
−$128.77
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$136.44
Costs to cover
1.498%
Break-even
376.9 days
Slippage from BloFin: live order book, 52 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 52 min ago7.60 bp38.5 bp −$39210.9 bp −$2,109doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.33 bp37.3 bp −$37doesn't fitdoesn't fitdoesn't fit

STBL on 12 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 STBL-USDTlong+0.0088%4h0.02638long leg$127K$22K50x
Lighter STBL+0.0096%1h0.02631−0.265%$79K$2K3xas long as short
Hyperliquid STBLshort+0.0100%1h0.02635−0.099%$1.9M$280K3x
Binance STBLUSDT+0.0100%4h0.02643+0.173%$1.9M$2.2M50xas long as short
MEXC STBL_USDT+0.0100%4h0.02642+0.152%$370K$149K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02635−0.114%$1.1M$230K20xas long as short
Variational Omni STBL+0.0100%4h0.02633−0.202%$962$282as long as short
SunX STBL-USDT+0.0100%4h0.02637−0.038%$2K$1.1M20xas long as short
BingX STBL-USDT+0.0226%4h0.02642+0.152%$6.6Mas long as short
Bybit STBLUSDT+0.0286%4h0.02639+0.038%$1.5M$686K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STBL_USDT+0.0344%4h0.02644+0.227%$1.2M$117K50xas long as short
Aster STBLUSDT+0.0447%4h0.02640+0.076%$88K$6K5xas long as short