Funding you earn now, next payment 22:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.096%
Price spread now: Bybit against Hyperliquid+0.034%7-day average +0.110% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days+0.168%+$17 on $10k
+Price spread, last 7 days+0.115%+$11 · spread now +0.034%, 7d avg +0.110%
=Together, before fees+0.283%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STBL | 0.02637 | 0.0463 | pay 0.0058% / 1h | 44m 02s | $1.9M | $284K | 3x |
| Short | Bybit STBLUSDT | 0.02638 | 0.0432 | get 0.0216% / 4h | 2h 44m | $1.5M | $685K | 20x |
Hyperliquid STBL
Bybit STBLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- −$6.54
- Price spread: +0.034% → +0.110%
- −$7.62
- Slippage, 4 orders
- −$202.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$236.49
- Costs to cover
- 2.223%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 7 min ago | 1.33 bp | 26.1 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.78 bp | 78.8 bp −$79 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin STBL-USDT | +0.0060% | 4h | 0.02641 | +0.148% | $128K | $21K | 50x | as long as short |
| Lighter STBL | +0.0096% | 1h | 0.02630 | −0.269% | $79K | $2K | 3x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02639 | +0.082% | $1.9M | $2.2M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02638 | +0.034% | $368K | $148K | 100x | as long as short |
| KuCoin STBLUSDTM | +0.0100% | 4h | 0.02633 | −0.155% | $1.1M | $227K | 20x | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02645 | +0.281% | $965 | $282 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02633 | −0.155% | $2K | $1.1M | 20x | as long as short |
| BingX STBL-USDT | +0.0272% | 4h | 0.02639 | +0.072% | — | $6.6M | — | as long as short |
| Bybit STBLUSDTshort | +0.0432% | 4h | 0.02638 | +0.034% | $1.5M | $685K | 20x | |
| Hyperliquid STBLlong | +0.0463% | 1h | 0.02637 | long leg | $1.9M | $284K | 3x |
BloFin STBL-USDT
Lighter STBL
Binance STBLUSDT
MEXC STBL_USDT
KuCoin STBLUSDTM
Variational Omni STBL
SunX STBL-USDT
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster STBLUSDT | +0.1059% | 4h | 0.02640 | +0.128% | $88K | $5K | 5x | as long as short |
| Gate STBL_USDT | +0.1094% | 4h | 0.02645 | +0.300% | $1.2M | $117K | 50x | as long as short |
Aster STBLUSDT
Gate STBL_USDT