Funding you earn now, next payment 02:00 UTC−0.0225%/8h= −24.7% APRpaid last 24h −0.035%
Price spread now: Bitget against Hyperliquid−0.247%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$650.649% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.247%, 7d avg −0.110%
=Together, before fees+0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.137% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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 | Hyperliquid STX | 0.3354 | 0.0253 | pay 0.0032% / 1h | 52m 24s | $1.5M | $782K | 5x |
| Short | Bitget STXUSDT | 0.3346 | 0.0028 | get 0.0028% / 8h | 6h 52m | $4.6M | $2.0M | 50x |
Hyperliquid STX
Bitget STXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.34
- Price spread: −0.247% → −0.110%
- −$13.7
- Slippage, 4 orders
- −$43.87
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$125.91
- Costs to cover
- 0.649%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 6 min ago.
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 Hyperliquid live order book, 8 min ago | 2.96 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 2.97 bp | 19.1 bp −$19 | 44.6 bp −$446 | doesn't fit | doesn't fit |
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1126% | 1h | 0.3350 | −0.115% | $70K | $126K | 20x | as long as short |
| ApeX Omni STXUSDT | −0.0665% | 1h | 0.3365 | +0.319% | $49K | $685K | 50x | as long as short |
| Variational Omni STX | −0.0372% | 8h | 0.3343 | −0.323% | $771K | $289K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3346 | −0.247% | — | — | 150x | as long as short |
| Bitget STXUSDTshort | +0.0028% | 8h | 0.3346 | −0.247% | $4.6M | $2.0M | 50x | |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.241% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3348 | −0.190% | $125K | $58K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3350 | −0.116% | $7.7M | $18.7M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3346 | −0.253% | $8.5M | $6.9M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3345 | −0.277% | $2.3M | $5.6M | 20x | as long as short |
Kraken Futures PF_STXUSD
ApeX Omni STXUSDT
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STX_USDT | +0.0100% | 8h | 0.3346 | −0.247% | $586K | $339K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3351 | −0.098% | $6.0M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3349 | −0.158% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3347 | −0.218% | — | $13.6M | — | as long as short |
| BloFin STX-USDT | +0.0101% | 8h | 0.3353 | −0.039% | $417K | $217K | 20x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3350 | −0.137% | $176K | $612K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3346 | −0.262% | $4K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0253% | 1h | 0.3354 | long leg | $1.5M | $782K | 5x |
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
BloFin STX-USDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]