Funding you earn now, next payment 11:00 UTC+0.1424%/8h= +156.0% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against Binance−0.116%7-day average −0.173% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1981.979% of the position
Funding, last 7 days+0.182%+$18 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.116%, 7d avg −0.173%
=Together, before fees+0.236%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$43 a day on $10k at the current rate, and Hyperliquid is 0.057% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.173%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.182% in total (about 9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STBLUSDT | 0.02654 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $1.9M | $1.5M | 50x |
| Short | Hyperliquid STBL | 0.02651 | 0.1524 | get 0.0191% / 1h | 58m 47s | $1.9M | $210K | 3x |
Binance STBLUSDT
Hyperliquid STBLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $299.12
- Price spread: −0.116% → −0.173%
- $5.72
- Slippage, 4 orders
- −$178.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $106.97
- Costs to cover
- 1.979%
- Break-even
- 4.5 days
Slippage from Binance: live order book, 13 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 13 min ago | 3.78 bp | 57.8 bp −$58 | 362.2 bp −$3,622 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.76 bp | 37.6 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STBL | +0.0096% | 1h | 0.02642 | −0.467% | $79K | $969 | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02649 | −0.221% | $88K | $5K | 5x | as long as short |
| Binance STBLUSDTlong | +0.0100% | 4h | 0.02654 | long leg | $1.9M | $1.5M | 50x | |
| Bybit STBLUSDT | +0.0100% | 4h | 0.02648 | −0.240% | $1.5M | $385K | 20x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02654 | −0.014% | $357K | $131K | 100x | as long as short |
| BingX STBL-USDT | +0.0100% | 4h | 0.02655 | +0.023% | — | $6.6M | — | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02649 | −0.207% | $987 | $293 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02646 | −0.316% | $2K | $925K | 20x | as long as short |
| BloFin STBL-USDT | +0.0101% | 4h | 0.02654 | −0.014% | $125K | $20K | 50x | as long as short |
| KuCoin STBLUSDTM | +0.0134% | 4h | 0.02655 | +0.023% | $1.1M | $189K | 20x | as long as short |
Lighter STBL
Aster STBLUSDT
Bybit STBLUSDT
MEXC STBL_USDT
BingX STBL-USDT
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
KuCoin STBLUSDTMShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STBL_USDT | +0.0246% | 4h | 0.02656 | +0.061% | $1.2M | $55K | 50x | as long as short |
| Hyperliquid STBLshort | +0.1524% | 1h | 0.02651 | −0.116% | $1.9M | $210K | 3x |
Gate STBL_USDT