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 +0.072%
Price spread now: Hyperliquid against SunX+0.038%52s7-day average +0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.171%+$17 on $10k
Price spread, last 3 days (all we have)+0.103%+$10 · spread now +0.038%, 7d avg +0.006%
Together, before fees+0.273%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 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: Hyperliquid is 0.032% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX STBL-USDT0.026560.0100pay 0.0050% / 4h3m 33s$2K$1.1M20x
ShortHyperliquid STBL0.026570.0100get 0.0013% / 1h3m 33s$2.0M$280K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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: +0.038% → +0.006%
$3.15
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$13.85
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 10 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago493.29 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.32 bp21.5 bp −$22doesn'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
Lighter STBL+0.0096%1h0.02654−0.075%$80K$2K3xas long as short
Hyperliquid STBLshort+0.0100%1h0.02657+0.038%$2.0M$280K3x
Aster STBLUSDT+0.0100%4h0.02657+0.038%$89K$6K5xas long as short
Binance STBLUSDT+0.0100%4h0.02663+0.264%$1.9M$2.2M50xas long as short
Bybit STBLUSDT+0.0100%4h0.02661+0.188%$1.5M$665K20xas long as short
MEXC STBL_USDT+0.0100%4h0.02662+0.226%$371K$150K100xas long as short
BingX STBL-USDT+0.0100%4h0.02663+0.264%$6.6Mas long as short
Variational Omni STBL+0.0100%4h0.02652−0.145%$968$282as long as short
SunX STBL-USDTlong+0.0100%4h0.02656long leg$2K$1.1M20x
BloFin STBL-USDT+0.0147%4h0.02651−0.188%$126K$21K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin STBLUSDTM+0.0506%4h0.02655−0.038%$1.1M$233K20xas long as short
Gate STBL_USDT+0.0532%4h0.02669+0.489%$1.2M$117K50xas long as short