Funding you earn now, next payment 06:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.077%
Price spread now: MEXC against Hyperliquid+0.098%7-day average +0.174% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1271.266% of the position
Funding, last 7 days−0.178%−$18 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.098%, 7d avg +0.174%
=Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.174%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STBL | 0.02663 | 0.0202 | pay 0.0025% / 1h | 53m 48s | $2.0M | $257K | 3x |
| Short | MEXC STBL_USDT | 0.02666 | 0.0100 | get 0.0050% / 4h | 2h 53m | $361K | $145K | 100x |
Hyperliquid STBL
MEXC STBL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$21.5
- Price spread: +0.098% → +0.174%
- −$7.61
- Slippage, 4 orders
- −$113.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$155.76
- Costs to cover
- 1.266%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 41 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, 7 min ago | 1.88 bp | 30.3 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 41 min ago | 3.76 bp | 19.8 bp −$20 | 96.8 bp −$968 | 245.6 bp −$24.6K | 637.8 bp −$318.9K |
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 | +0.0051% | 4h | 0.02665 | +0.060% | $92K | $22K | 50x | as long as short |
| Lighter STBL | +0.0096% | 1h | 0.02658 | −0.203% | $80K | $2K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02661 | −0.097% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02667 | +0.127% | $1.9M | $2.0M | 50x | as long as short |
| MEXC STBL_USDTshort | +0.0100% | 4h | 0.02666 | +0.098% | $361K | $145K | 100x | |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02660 | −0.128% | $1.1M | $236K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02663 | −0.014% | $973 | $276 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02660 | −0.128% | $2K | $1.1M | 20x | as long as short |
| Hyperliquid STBLlong | +0.0202% | 1h | 0.02663 | long leg | $2.0M | $257K | 3x | |
| BingX STBL-USDT | +0.0776% | 4h | 0.02666 | +0.098% | — | $6.6M | — | as long as short |
BloFin STBL-USDT
Lighter STBL
Aster STBLUSDT
Binance STBLUSDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STBLUSDT | +0.0796% | 4h | 0.02666 | +0.098% | $1.5M | $654K | 20x | as long as short |
| Gate STBL_USDT | +0.2178% | 4h | 0.02676 | +0.473% | $1.2M | $95K | 50x | as long as short |
Bybit STBLUSDT
Gate STBL_USDT