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 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.087%
Price spread now: BingX against Hyperliquid+0.234%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1791.795% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.151%+$15 on $10k
Price spread, last 7 days−0.071%−$7 · spread now +0.234%, 7d avg +0.153%
Together, before fees+0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.080% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.153%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STBL0.026550.0100pay 0.0013% / 1h4m 07s$2.0M$280K3x
ShortBingX STBL-USDT0.026610.0100get 0.0050% / 4h4m 07s$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.234% → +0.153%
$8.02
Slippage, 4 orders
−$160.47
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$171.45
Costs to cover
1.795%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; BingX: live order book, 7 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 Hyperliquid live order book, 7 min ago1.32 bp24.3 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 7 min ago28.27 bp67.5 bp −$68150.9 bp −$1,5091155.1 bp −$115.5K1473.1 bp −$736.6K

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
Lighter STBL+0.0096%1h0.02651−0.143%$80K$2K3xas long as short
Hyperliquid STBLlong+0.0100%1h0.02655long leg$2.0M$280K3x
Aster STBLUSDT+0.0100%4h0.02657+0.083%$89K$6K5xas long as short
Binance STBLUSDT+0.0100%4h0.02661+0.244%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.02660+0.196%$1.5M$665K20xas long as short
MEXC STBL_USDT+0.0100%4h0.02661+0.234%$370K$150K100xas long as short
BingX STBL-USDTshort+0.0100%4h0.02661+0.234%$6.6M
Variational Omni STBL+0.0100%4h0.02652−0.100%$968$282as long as short
SunX STBL-USDT+0.0100%4h0.02656+0.045%$2K$1.1M20xas long as short
BloFin STBL-USDT+0.0147%4h0.02651−0.143%$126K$21K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin STBLUSDTM+0.0482%4h0.02655+0.008%$1.1M$233K20xas long as short
Gate STBL_USDT+0.0526%4h0.02668+0.497%$1.2M$117K50xas long as short