Funding you earn now, next payment 22:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.096%
Price spread now: Bybit against Hyperliquid+0.178%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2842.843% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.178%, 7d avg +0.110%
=Together, before fees+0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.068% dearer against Hyperliquid than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.110%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STBL | 0.02636 | 0.0198 | pay 0.0025% / 1h | 18m 34s | $1.9M | $285K | 3x |
| Short | Bybit STBLUSDT | 0.02641 | 0.0415 | get 0.0208% / 4h | 2h 18m | $1.5M | $686K | 20x |
Hyperliquid STBL
Bybit STBLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- $45.6
- Price spread: +0.178% → +0.110%
- $6.8
- Slippage, 4 orders
- −$264.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$231.9
- Costs to cover
- 2.843%
- Break-even
- 42.6 days
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: 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 Hyperliquid live order book, 2 min ago | 2.46 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.68 bp | 117.9 bp −$118 | 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 | −0.125% | $79K | $2K | 3x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02643 | +0.259% | $1.9M | $2.2M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02642 | +0.216% | $366K | $149K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02642 | +0.216% | $1.1M | $229K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02640 | +0.154% | $964 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02640 | +0.140% | $1K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0121% | 4h | 0.02643 | +0.254% | $127K | $22K | 50x | as long as short |
| Hyperliquid STBLlong | +0.0198% | 1h | 0.02636 | long leg | $1.9M | $285K | 3x | |
| BingX STBL-USDT | +0.0410% | 4h | 0.02642 | +0.216% | — | $6.6M | — | as long as short |
| Bybit STBLUSDTshort | +0.0415% | 4h | 0.02641 | +0.178% | $1.5M | $686K | 20x |
Lighter STBL
Binance STBLUSDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STBL_USDT | +0.1010% | 4h | 0.02650 | +0.520% | $1.2M | $117K | 50x | as long as short |
| Aster STBLUSDT | +0.1053% | 4h | 0.02645 | +0.321% | $89K | $5K | 5x | as long as short |
Gate STBL_USDT
Aster STBLUSDT