Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.100%
Price spread now: Hyperliquid against Bybit−0.131%7-day average −0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3033.029% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.131%, 7d avg −0.109%
=Together, before fees−0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.109%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STBLUSDT | 0.02667 | 0.0709 | pay 0.0355% / 4h | 0m 22s | $1.5M | $659K | 20x |
| Short | Hyperliquid STBL | 0.02663 | 0.0640 | get 0.0080% / 1h | 0m 22s | $2.0M | $263K | 3x |
Bybit STBLUSDT
Hyperliquid STBLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- −$14.6
- Price spread: −0.131% → −0.109%
- −$2.27
- Slippage, 4 orders
- −$282.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$319.73
- Costs to cover
- 3.029%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 1 min ago | 5.62 bp | 115.5 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.69 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STBL | +0.0096% | 1h | 0.02657 | −0.375% | $80K | $2K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02663 | −0.159% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02667 | 0.000% | $1.9M | $2.1M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02667 | 0.000% | $362K | $149K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02658 | −0.337% | $1.1M | $235K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02668 | +0.020% | $974 | $276 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02663 | −0.150% | $2K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0142% | 4h | 0.02666 | −0.037% | $127K | $22K | 50x | as long as short |
| Gate STBL_USDT | +0.0304% | 4h | 0.02678 | +0.412% | $1.2M | $94K | 50x | as long as short |
| Hyperliquid STBLshort | +0.0640% | 1h | 0.02663 | −0.131% | $2.0M | $263K | 3x |
Lighter STBL
Aster STBLUSDT
Binance STBLUSDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
Gate STBL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX STBL-USDT | +0.0682% | 4h | 0.02667 | 0.000% | — | $6.6M | — | as long as short |
| Bybit STBLUSDTlong | +0.0709% | 4h | 0.02667 | long leg | $1.5M | $659K | 20x |
BingX STBL-USDT