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

STX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.060%
Price spread now: Hyperliquid against Injective+0.214%73s7-day average +1.605% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.244%−$24 on $10k
Price spread, last 4 days (all we have)+2.272%+$227 · spread now +0.214%, 7d avg +1.605%
Together, before fees+2.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$203 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 1.391% cheaper against Injective than usual: you would sell low and buy high (spread +0.214% now, against its 7-day average of +1.605%). If the spread goes back, that is −$139 on $10k: about 2 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.244%, so the current rate has only just turned in your favour. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective STX/USDC PERP0.34630.0033pay 0.0004% / 1h42m 11s$4K$264K12x
ShortHyperliquid STX0.34700.0100get 0.0013% / 1h42m 11s$1.5M$889K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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
$14
Price spread: +0.214% → +1.605%
−$139.14
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$134.16
Costs to cover
0.090%
Break-even
74.1 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Hyperliquid live order book, 8 min ago1.87 bp15.6 bp −$16doesn't fitdoesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0503%1h0.3462−0.015%$78K$136K20xas long as short
Variational Omni STX−0.0077%8h0.3462−0.019%$776K$244Kas long as short
gTrade (Gains Network) STX/USDL −0.0002% / S +0.0003%1h0.3463+0.004%150xas long as short
Injective STX/USDC PERPlong+0.0033%1h0.3463long leg$4K$264K12x
BloFin STX-USDT+0.0093%8h0.3458−0.144%$430K$230K20xas long as short
Hyperliquid STXshort+0.0100%1h0.3470+0.214%$1.5M$889K5x
Aster STXUSDT+0.0100%8h0.3459−0.114%$129K$72K10xas long as short
Binance STXUSDT+0.0100%8h0.3465+0.047%$8.2M$19.4M75xas long as short
Bybit STXUSDT+0.0100%8h0.34630.000%$9.0M$7.1M75xas long as short
OKX STX-USDT-SWAP+0.0100%8h0.3466+0.087%$2.4M$6.3M20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate STX_USDT+0.0100%8h0.3461−0.058%$633K$413K50xas long as short
MEXC STX_USDT+0.0100%8h0.34630.000%$5.9M$1.2M50xas long as short
KuCoin STXUSDTM+0.0100%8h0.3462−0.029%$2.4M$1.1M50xas long as short
Bitget STXUSDT+0.0100%8h0.34630.000%$4.7M$2.2M50xas long as short
BingX STX-USDT+0.0100%8h0.3462−0.029%$13.5Mas long as short
ApeX Omni STXUSDT+0.0100%1h0.3465+0.058%$63K$688K50xas long as short
Extended STX-USD+0.0104%1h0.3462−0.033%$182K$795K10xas long as short
GMX STX/USD [WBTC.b-USDC]L +0.0191% / S −0.0304%1h0.3467+0.103%$5K100xas long as short