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

STBL

all STBL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0370%/8h= −40.5% APRpaid last 24h −0.072%
Price spread now: SunX against Hyperliquid−0.034%7-day average −0.006% · 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−0.171%−$17 on $10k
Price spread, last 3 days (all we have)−0.237%−$24 · spread now −0.034%, 7d avg −0.006%
Together, before fees−0.408%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and SunX is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.171% in total (about -8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STBL0.026380.0470pay 0.0059% / 1h40m 29s$1.9M$284K3x
ShortSunX STBL-USDT0.026370.0100get 0.0050% / 4h2h 40m$2K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
−$77.62
Price spread: −0.034% → −0.006%
−$2.76
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$97.39
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; SunX: live order book, 3 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, 10 min ago1.33 bp26.1 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 3 min ago487.76 bpdoesn't fitdoesn'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%1h0.02629−0.337%$79K$2K3xas long as short
Binance STBLUSDT+0.0100%4h0.02643+0.212%$1.9M$2.2M50xas long as short
MEXC STBL_USDT+0.0100%4h0.02643+0.193%$366K$148K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02632−0.224%$1.1M$227K20xas long as short
Variational Omni STBL+0.0100%4h0.02641+0.099%$964$282as long as short
SunX STBL-USDTshort+0.0100%4h0.02637−0.034%$2K$1.1M20x
BloFin STBL-USDT+0.0117%4h0.02644+0.231%$128K$21K50xas long as short
BingX STBL-USDT+0.0410%4h0.02641+0.118%$6.6Mas long as short
Bybit STBLUSDT+0.0426%4h0.02641+0.118%$1.5M$685K20xas long as short
Hyperliquid STBLlong+0.0470%1h0.02638long leg$1.9M$284K3x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster STBLUSDT+0.1064%4h0.02642+0.153%$88K$5K5xas long as short
Gate STBL_USDT+0.1088%4h0.02645+0.269%$1.2M$117K50xas long as short