Funding arb · Price arb /

STBL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h +0.284%

Price spread now: Aster against Hyperliquid+0.171%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.410%+$41 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Aster is 0.171% dearer against Hyperliquid than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.410% in total (about 21.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STBL	0.02639	0.0462	pay 0.0058% / 1h	38m 31s	$1.9M	$284K	3x
Short	Aster STBLUSDT	0.02644	0.1072	get 0.0536% / 4h	2h 38m	$89K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee AsterbpOrdersPrice spread, now +0.171%Rate

Funding earned: $128.05
Price spread: +0.171% → 0.000%: $17.07
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $128.13
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 2 min ago; Aster: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 2 min ago	0.76 bp	25.7 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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.

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	0.02629	−0.379%	$79K	$2K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02645	+0.227%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02644	+0.189%	$367K	$148K	100x	as long as short
KuCoin STBLUSDTM	+0.0100%	4h	0.02633	−0.227%	$1.1M	$230K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02641	+0.057%	$964	$282	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02639	0.000%	$1K	$1.1M	20x	as long as short
BloFin STBL-USDT	+0.0111%	4h	0.02644	+0.189%	$128K	$21K	50x	as long as short
BingX STBL-USDT	+0.0410%	4h	0.02644	+0.189%	—	$6.6M	—	as long as short
Bybit STBLUSDT	+0.0455%	4h	0.02642	+0.114%	$1.5M	$684K	20x	as long as short
Hyperliquid STBLlong	+0.0462%	1h	0.02639	long leg	$1.9M	$284K	3x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster STBLUSDTshort	+0.1072%	4h	0.02644	+0.171%	$89K	$5K	5x
Gate STBL_USDT	+0.1086%	4h	0.02649	+0.379%	$1.2M	$117K	50x	as long as short