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

STBL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.070%
Price spread now: Hyperliquid against BloFin+0.158%7-day average −0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1771.767% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.170%+$17 on $10k
Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.158%, 7d avg −0.202%
Together, before fees−0.037%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.360% dearer against BloFin than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.202%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin STBL-USDT0.026540.0063pay 0.0031% / 4h50m 41s$127K$22K50x
ShortHyperliquid STBL0.026580.0100get 0.0013% / 1h50m 41s$2.0M$278K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$7.84
Price spread: +0.158% → −0.202%
$36.01
Slippage, 4 orders
−$155.72
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$132.87
Costs to cover
1.767%
Break-even
125.7 days
Slippage from BloFin: live order book, 10 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 10 min ago7.55 bp43.5 bp −$44209.3 bp −$2,093doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago2.08 bp46.0 bp −$46doesn't fitdoesn't fitdoesn't fit

STBL on 12 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
BloFin STBL-USDTlong+0.0063%4h0.02654long leg$127K$22K50x
Lighter STBL+0.0096%1h0.026540.000%$80K$2K3xas long as short
Hyperliquid STBLshort+0.0100%1h0.02658+0.158%$2.0M$278K3x
Binance STBLUSDT+0.0100%4h0.02662+0.299%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.02662+0.301%$1.5M$678K20xas long as short
MEXC STBL_USDT+0.0100%4h0.02662+0.301%$372K$147K100xas long as short
KuCoin STBLUSDTM+0.0100%4h0.02665+0.414%$1.1M$233K20xas long as short
BingX STBL-USDT+0.0100%4h0.02663+0.339%$6.6Mas long as short
Variational Omni STBL+0.0100%4h0.02652−0.070%$968$282as long as short
SunX STBL-USDT+0.0100%4h0.02656+0.075%$1K$1.1M20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster STBLUSDT+0.0168%4h0.02653−0.052%$89K$6K5xas long as short
Gate STBL_USDT+0.0264%4h0.02666+0.452%$1.2M$116K50xas long as short