data as of
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STABLE

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Spread before costs (cost unknown: a leg has no order-book sample)+0.040%
7d average+0.008%if it closes, per $10,000$4funding while held, a day−$2.56
Long on BinanceShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance STABLEUSDT0.025370.0100pay 0.0050% / 4h18m 19s$2.5M$2.8M75x
ShortHyperliquid STABLE0.025380.0015get 0.0002% / 1h18m 19s$892K$271K3x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$4.04
Funding while held
−$2.56
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$17.53
Spread needed to break even
0.190%
Slippage unknown: Binance: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0085%
Per $10,000 a day
−$2.56
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 4 min ago1.97 bp25.5 bp −$26107.8 bp −$1,078doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.97 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

STABLE price on every exchange

against the cheapest. Click to use as the short leg.
Gate0.02536cheapestBloFin0.02537+0.039%
Binance0.02537+0.050%
Extended0.02538+0.075%Lighter0.02538+0.075%Bitget0.02538+0.079%
Hyperliquid0.02538+0.091%
Variational Omni0.02539+0.110%OKX0.02539+0.118%MEXC0.02539+0.118%BingX0.02539+0.118%Bybit0.02540+0.170%SunX0.02540+0.170%KuCoin0.02541+0.197%Aster0.02541+0.201%

STABLE on 15 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate STABLE_USDT−0.050%+0.0100%4h$175K$86K50xas long as short
BloFin STABLE-USDT−0.011%+0.0042%4h$125K$8K75xas long as short
Binance STABLEUSDTlong0.000%+0.0100%4h$2.5M$2.8M75x
Extended STABLE-USD+0.024%+0.0104%1h$12K$175K10xas long as short
Lighter STABLE+0.025%−0.0120%1h$117K$3K3xas long as short
Bitget STABLEUSDT+0.029%+0.0100%4h$294K$142K25xas long as short
Hyperliquid STABLEshort+0.040%+0.0015%1h$892K$271K3x
Variational Omni STABLE+0.059%+0.0100%4h$149K$51K—as long as short
OKX STABLE-USDT-SWAP+0.068%+0.0100%4h$215K$452K20xas long as short
MEXC STABLE_USDT+0.068%+0.0100%4h$571K$153K20xas long as short
Show all 15 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX STABLE-USDT+0.068%+0.0100%4h—$6.5M—as long as short
Bybit STABLEUSDT+0.119%+0.0100%4h$1.6M$843K25xas long as short
SunX STABLE-USDT+0.119%+0.0100%4h$1K$571K20xas long as short
KuCoin STABLEUSDTM+0.147%+0.0100%4h$178K$33K30xas long as short
Aster STABLEUSDT+0.151%+0.0100%4h$21K$9K20xas long as short