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 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.072%
Price spread now: Hyperliquid against MEXC−0.143%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.166%+$17 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.143%, 7d avg −0.175%
Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.032% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.175%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC STBL_USDT0.026570.0100pay 0.0050% / 4h34m 53s$373K$148K100x
ShortHyperliquid STBL0.026530.0100get 0.0013% / 1h34m 53s$1.9M$281K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against MEXC. 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
Price spread: −0.143% → −0.175%
$3.23
Slippage, 4 orders
−$103.89
Fee MEXC: 2 bp × 2 orders
−$4
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$113.66
Costs to cover
1.169%
Break-even
never at this rate
Slippage from MEXC: live order book, 26 min ago; Hyperliquid: live order book, 6 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 MEXC live order book, 26 min ago1.89 bp42.0 bp −$42121.4 bp −$1,214227.0 bp −$22.7Kdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.19 bp25.1 bp −$25doesn'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%1h0.02648−0.339%$79K$2K3xas long as short
Hyperliquid STBLshort+0.0100%1h0.02653−0.143%$1.9M$281K3x
Aster STBLUSDT+0.0100%4h0.02648−0.346%$89K$6K5xas long as short
Binance STBLUSDT+0.0100%4h0.02656−0.038%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.02656−0.038%$1.5M$667K20xas long as short
MEXC STBL_USDTlong+0.0100%4h0.02657long leg$373K$148K100x
BingX STBL-USDT+0.0100%4h0.026570.000%$6.6Mas long as short
Variational Omni STBL+0.0100%4h0.02654−0.124%$970$282as long as short
SunX STBL-USDT+0.0100%4h0.02651−0.226%$1K$1.1M20xas long as short
BloFin STBL-USDT+0.0112%4h0.02658+0.038%$127K$21K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin STBLUSDTM+0.0178%4h0.02659+0.075%$1.1M$233K20xas long as short
Gate STBL_USDT+0.0190%4h0.02662+0.188%$1.2M$116K50xas long as short