Settings8H · net · $10k
Funding arb · Price arb /

STX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0278%/8h= −30.5% APRpaid last 24h −0.028%
Price spread now: Binance against Hyperliquid−0.147%7-day average −0.037% · you buy dearer than you sell
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−0.066%−$7 on $10k
Price spread, last 7 days+0.165%+$17 · spread now −0.147%, 7d avg −0.037%
Together, before fees+0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.110% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid STX0.33730.0378pay 0.0047% / 1h51m 39s$1.5M$707K5x
ShortBinance STXUSDT0.33680.0100get 0.0100% / 8h4h 51m$7.7M$17.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$58.4
Price spread: −0.147% → −0.037%
−$11.03
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$88.43
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Binance: live order book, 4 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 Hyperliquid live order book, 9 min ago1.04 bp9.6 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.48 bp17.7 bp −$1864.8 bp −$648doesn't fitdoesn't fit

STX on 18 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
Kraken Futures PF_STXUSD−0.0861%1h0.3368−0.151%$68K$112K20xas long as short
Variational Omni STX−0.0298%8h0.3376+0.096%$778K$230Kas long as short
gTrade (Gains Network) STX/USDL −0.0002% / S +0.0003%1h0.3369−0.106%150xas long as short
Gate STX_USDT+0.0016%8h0.3360−0.377%$594K$330K50xas long as short
Injective STX/USDC PERP+0.0033%1h0.3463+2.677%$4K$264K12xas long as short
BloFin STX-USDT+0.0093%8h0.3381+0.246%$412K$216K20xas long as short
Aster STXUSDT+0.0100%8h0.3367−0.156%$126K$56K10xas long as short
Binance STXUSDTshort+0.0100%8h0.3368−0.147%$7.7M$17.6M75x
Bybit STXUSDT+0.0100%8h0.3364−0.258%$8.6M$6.3M75xas long as short
OKX STX-USDT-SWAP+0.0100%8h0.3368−0.139%$2.3M$5.2M20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC STX_USDT+0.0100%8h0.3368−0.139%$6.0M$1.2M50xas long as short
KuCoin STXUSDTM+0.0100%8h0.3367−0.169%$2.4M$1.1M50xas long as short
Bitget STXUSDT+0.0100%8h0.3366−0.199%$4.6M$1.9M50xas long as short
BingX STX-USDT+0.0100%8h0.3366−0.199%$13.6Mas long as short
ApeX Omni STXUSDT+0.0100%1h0.3361−0.347%$59K$698K50xas long as short
Extended STX-USD+0.0104%1h0.3367−0.157%$180K$619K10xas long as short
GMX STX/USD [WBTC.b-USDC]L +0.0190% / S −0.0304%1h0.3366−0.190%$4K100xas long as short
Hyperliquid STXlong+0.0378%1h0.3373long leg$1.5M$707K5x