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

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.071%
Price spread now: Lighter against Hyperliquid−0.102%7-day average · you buy dearer than you sell
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−0.086%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.102% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STBL0.026460.0100pay 0.0013% / 1h12m 09s$1.9M$280K3x
ShortLighter STBL0.026430.0096get 0.0012% / 1h12m 09s$79K$2K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: −0.102% → 0.000%
−$10.21
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Lighter: 0 bp × 2 orders
$0
Net
−$20.05
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Lighter: no order-book sample. 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, 9 min ago2.46 bp30.5 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Lighter no order-book sample
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 STBLshort+0.0096%1h0.02643−0.102%$79K$2K3x
Hyperliquid STBLlong+0.0100%1h0.02646long leg$1.9M$280K3x
Aster STBLUSDT+0.0100%4h0.02646+0.007%$89K$6K5xas long as short
Binance STBLUSDT+0.0100%4h0.02652+0.257%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.02652+0.238%$1.5M$664K20xas long as short
MEXC STBL_USDT+0.0100%4h0.02652+0.238%$372K$149K100xas long as short
BingX STBL-USDT+0.0100%4h0.02652+0.238%$6.6Mas long as short
Variational Omni STBL+0.0100%4h0.02653+0.261%$969$282as long as short
SunX STBL-USDT+0.0100%4h0.02648+0.087%$2K$1.1M20xas long as short
BloFin STBL-USDT+0.0150%4h0.02653+0.276%$127K$21K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STBL_USDT+0.0422%4h0.02658+0.465%$1.2M$116K50xas long as short
KuCoin STBLUSDTM+0.0422%4h0.02653+0.276%$1.1M$233K20xas long as short