Funding you earn now, next payment 01:00 UTC−0.0194%/8h= −21.2% APRpaid last 24h −0.033%
Price spread now: Bitget against Hyperliquid−0.167%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$790.786% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.167%, 7d avg −0.110%
=Together, before fees+0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.110%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% 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 STX | 0.3411 | 0.0192 | pay 0.0024% / 1h | 18m 16s | $1.5M | $762K | 5x |
| Short | Bitget STXUSDT | 0.3405 | −0.0002 | pay 0.0002% / 8h | 7h 18m | $4.7M | $1.9M | 50x |
Hyperliquid STX
Bitget STXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$40.75
- Price spread: −0.167% → −0.110%
- −$5.67
- Slippage, 4 orders
- −$57.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$125.07
- Costs to cover
- 0.786%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bitget: live order book, 5 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, 2 min ago | 4.09 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.93 bp | 19.3 bp −$19 | 53.4 bp −$534 | doesn't fit | doesn't fit |
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.0720% | 1h | 0.3412 | +0.032% | $71K | $125K | 20x | as long as short |
| Variational Omni STX | −0.0417% | 8h | 0.3405 | −0.154% | $786K | $291K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3405 | −0.156% | — | — | 150x | as long as short |
| Bitget STXUSDTshort | −0.0002% | 8h | 0.3405 | −0.167% | $4.7M | $1.9M | 50x | |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +1.533% | $4K | $264K | 12x | as long as short |
| BloFin STX-USDT | +0.0091% | 8h | 0.3409 | −0.050% | $420K | $218K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3400 | −0.313% | $127K | $64K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3406 | −0.132% | $7.9M | $18.6M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3400 | −0.314% | $8.7M | $6.9M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3407 | −0.108% | $2.3M | $5.7M | 20x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STX_USDT | +0.0100% | 8h | 0.3404 | −0.196% | $596K | $358K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3401 | −0.284% | $6.2M | $1.3M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3402 | −0.255% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3403 | −0.226% | — | $13.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3409 | −0.050% | $50K | $684K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3405 | −0.157% | $180K | $611K | 10x | as long as short |
| Hyperliquid STXlong | +0.0192% | 1h | 0.3411 | long leg | $1.5M | $762K | 5x | |
| GMX STX/USD [WBTC.b-USDC] | L +0.0194% / S −0.0366% | 1h | 0.3407 | −0.119% | $5K | — | 100x | as long as short |
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]