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

STBL

all STBL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.102%
Price spread now: Gate against Hyperliquid+0.539%7-day average +0.384% · you sell dearer than you buy
Net, funding: paid 7d − costs−$853as in the Funding arb table
Net, price: spread back to 7d avg − costs−$868as in the Price arb table
costs, in and out, $10k−$8838.831% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.302%+$30 on $10k
Price spread, last 7 days−0.180%−$18 · spread now +0.539%, 7d avg +0.384%
Together, before fees+0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.155% dearer against Hyperliquid than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.384%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STBL0.026370.0100pay 0.0013% / 1h3m 18s$1.9M$280K3x
ShortGate STBL_USDT0.026510.0282get 0.0141% / 4h1h 03m$1.2M$118K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$38.22
Price spread: +0.539% → +0.384%
$15.5
Slippage, 4 orders
−$859.09
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$829.38
Costs to cover
8.831%
Break-even
158.9 days
Slippage from Hyperliquid: live order book, 7 min ago; Gate: live order book, 4 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 Hyperliquid live order book, 7 min ago1.89 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago13.19 bp558.5 bp −$559doesn'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
Lighter STBL+0.0096%1h0.02633−0.144%$79K$2K3xas long as short
Hyperliquid STBLlong+0.0100%1h0.02637long leg$1.9M$280K3x
Binance STBLUSDT+0.0100%4h0.02642+0.181%$1.9M$2.2M50xas long as short
MEXC STBL_USDT+0.0100%4h0.02641+0.159%$369K$151K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02640+0.121%$1.1M$231K20xas long as short
Variational Omni STBL+0.0100%4h0.02643+0.222%$966$282as long as short
SunX STBL-USDT+0.0100%4h0.02636−0.030%$2K$1.1M20xas long as short
Bybit STBLUSDT+0.0114%4h0.02643+0.235%$1.5M$689K20xas long as short
BloFin STBL-USDT+0.0159%4h0.02648+0.425%$126K$22K50xas long as short
BingX STBL-USDT+0.0176%4h0.02642+0.197%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STBL_USDTshort+0.0282%4h0.02651+0.539%$1.2M$118K50x
Aster STBLUSDT+0.0282%4h0.02640+0.121%$88K$6K5xas long as short