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

STX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0169%/8h= −18.5% APRnext payment $0.21 per $10,000 · paid last 24h −0.021%
Price spread now: ApeX Omni against Hyperliquid+0.097%85s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$610.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.064%+$6 on $10k
Price spread, last 3 days (all we have)+0.058%+$6 · spread now +0.097%, 7d avg −0.028%
Together, before fees+0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.124% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.028%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STX0.34160.0269pay 0.0034% / 1h16m 11s$1.5M$1.0M5x
ShortApeX Omni STXUSDT0.34190.0100get 0.0013% / 1h16m 11s$57K$681K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
−$35.5
Price spread: +0.097% → −0.028%
$12.43
Slippage, 4 orders
−$41.76
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$83.84
Costs to cover
0.608%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; ApeX Omni: live order book, 7 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, 4 min ago1.17 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 7 min ago8.76 bp16.3 bp −$16112.5 bp −$1,125doesn't fitdoesn't fit

STX on 18 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
Kraken Futures PF_STXUSD−0.1367%1h0.3412−0.099%$76K$159K20xas long as short
Variational Omni STX−0.0556%8h0.3415−0.011%$811K$307Kas long as short
gTrade (Gains Network) STX/USDL −0.0002% / S +0.0003%1h0.3410−0.158%150xas long as short
Injective STX/USDC PERP+0.0033%1h0.3441+0.741%$4K$148K12xas long as short
BloFin STX-USDT+0.0099%8h0.3412−0.108%$432K$241K20xas long as short
Aster STXUSDT+0.0100%8h0.3413−0.085%$128K$67K10xas long as short
Binance STXUSDT+0.0100%8h0.3409−0.196%$8.0M$20.2M75xas long as short
Bybit STXUSDT+0.0100%8h0.3407−0.255%$8.7M$7.5M75xas long as short
OKX STX-USDT-SWAP+0.0100%8h0.3410−0.167%$2.4M$6.6M20xas long as short
Gate STX_USDT+0.0100%8h0.3405−0.313%$597K$442K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC STX_USDT+0.0100%8h0.3409−0.196%$6.3M$1.5M50xas long as short
KuCoin STXUSDTM+0.0100%8h0.3413−0.079%$2.4M$1.8M50xas long as short
Bitget STXUSDT+0.0100%8h0.3408−0.225%$4.9M$2.0M50xas long as short
BingX STX-USDT+0.0100%8h0.3410−0.167%$15.8Mas long as short
ApeX Omni STXUSDTshort+0.0100%1h0.3419+0.097%$57K$681K50x
Extended STX-USD+0.0104%1h0.3409−0.210%$180K$585K10xas long as short
GMX STX/USD [WBTC.b-USDC]L +0.0191% / S −0.0313%1h0.3414−0.061%$5K100xas long as short
Hyperliquid STXlong+0.0269%1h0.3416long leg$1.5M$1.0M5x