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

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.077%
Price spread now: Binance against Hyperliquid+0.117%7-day average +0.174% · 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−0.177%−$18 on $10k
Price spread, last 7 days−0.002%$0 · spread now +0.117%, 7d avg +0.174%
Together, before fees−0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.174%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STBL0.026460.0185pay 0.0023% / 1h32m 37s$1.9M$257K3x
ShortBinance STBLUSDT0.026490.0100get 0.0050% / 4h2h 32m$1.9M$2.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$17.75
Price spread: +0.117% → +0.174%
−$5.65
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$42.4
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Binance: live order book, 17 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, 8 min ago1.88 bp25.8 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 17 min ago3.75 bp46.9 bp −$47257.9 bp −$2,579doesn'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-USDT+0.0053%4h0.02649+0.117%$126K$21K50xas long as short
Lighter STBL+0.0096%1h0.02640−0.223%$79K$2K3xas long as short
Aster STBLUSDT+0.0100%4h0.02644−0.085%$88K$5K5xas long as short
Binance STBLUSDTshort+0.0100%4h0.02649+0.117%$1.9M$2.0M50x
MEXC STBL_USDT+0.0100%4h0.02648+0.079%$361K$146K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02643−0.110%$1.1M$236K20xas long as short
Variational Omni STBL+0.0100%4h0.02652+0.234%$969$276as long as short
SunX STBL-USDT+0.0100%4h0.02642−0.147%$2K$1.1M20xas long as short
Hyperliquid STBLlong+0.0185%1h0.02646long leg$1.9M$257K3x
Bybit STBLUSDT+0.0419%4h0.02647+0.042%$1.5M$654K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX STBL-USDT+0.0582%4h0.02649+0.117%$6.6Mas long as short
Gate STBL_USDT+0.1480%4h0.02654+0.306%$1.2M$95K50xas long as short