Funding arb · Price arb /

STBL

all STBL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0488%/8h= +53.4% APRpaid last 24h +0.072%

Price spread now: Hyperliquid against SunX+0.049%7-day average +0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.049%, 7d avg +0.007%

Together, before fees+0.291%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.042% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STBL-USDT	0.02659	0.0100	pay 0.0050% / 4h	3h 34m	$2K	$1.1M	20x
Short	Hyperliquid STBL	0.02660	0.0588	get 0.0073% / 1h	34m 24s	$2.0M	$261K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee HyperliquidbpOrdersPrice spread, now +0.049%Rate

Funding earned: $102.4
Price spread: +0.049% → +0.007%: $4.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $89.6
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: SunX: live order book, 9 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

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 SunX live order book, 9 min ago	487.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.50 bp	27.2 bp −$27	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
BloFin STBL-USDT	+0.0079%	4h	0.02662	+0.113%	$127K	$22K	50x	as long as short
Lighter STBL	+0.0096%	1h	0.02655	−0.150%	$80K	$2K	3x	as long as short
Aster STBLUSDT	+0.0100%	4h	0.02659	−0.016%	$89K	$5K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02663	+0.150%	$1.9M	$2.1M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02664	+0.188%	$361K	$147K	100x	as long as short
KuCoin STBLUSDTM	+0.0100%	4h	0.02659	0.000%	$1.1M	$235K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02665	+0.208%	$972	$276	—	as long as short
SunX STBL-USDTlong	+0.0100%	4h	0.02659	long leg	$2K	$1.1M	20x
Hyperliquid STBLshort	+0.0588%	1h	0.02660	+0.049%	$2.0M	$261K	3x
BingX STBL-USDT	+0.0922%	4h	0.02664	+0.188%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STBLUSDT	+0.1073%	4h	0.02663	+0.150%	$1.5M	$657K	20x	as long as short
Gate STBL_USDT	+0.2054%	4h	0.02674	+0.564%	$1.2M	$93K	50x	as long as short