Long on one perpetual exchange, short on another, same asset. Price exposure cancels out. The funding rate differential is what you keep.
Your funds stay in your own exchange accounts. Stablix can place orders, not move money.
| Asset | Long | Short | 7D APR | 30D APR |
|---|---|---|---|---|
| WTI | Hyperliquid | Lighter | +58.30% | +20.86% |
| WTI | Pacifica | Lighter | +53.35% | +30.85% |
| SHEIN | Lighter | Hyperliquid | +48.23% | +3.82% |
| NEAR | Pacifica | Lighter | +38.03% | +15.66% |
| NATGAS | Hyperliquid | Lighter | +36.09% | −2.67% |
The opportunity
Nobody sets the funding rate. Each order book does.
Perpetuals never expire, so nothing drags their price back to spot. Funding is the pressure each exchange manufactures instead: a payment between longs and shorts, hour after hour.
Each venue computes its own from its own book and its own balance of longs against shorts. Same asset, same minute, two different numbers.
Two positions mean two spreads and two sets of exchange fees, in and out. The gap has to cover that before anything reaches you, and it can invert while you hold.
A and B are any two of Hyperliquid, Lighter and Pacifica. Stablix suggests the better pairing; you can flip which side goes where.
Gains when the price rises
Pays or earns funding at A's rate. Its own collateral, leverage and margin mode.
Gains when the price falls
Pays or earns funding at B's rate. Configured independently from the other leg.
What you keep the funding differential
Current differential and its seven-day average, side by side.
Collateral, leverage and margin mode per side. Market, limit or TWAP.
Both orders leave together, then reconcile as one position.
Symmetric stops, and one leg closing takes the other with it.
LIMIT — neither Risk Guard nor Auto-close is a guarantee. A fast enough move can liquidate one leg before either acts.
Two legs on two venues is not twice one position. It is a different failure mode, and most of what Stablix does is about that.
Both legs go out at once, but each exchange confirms at its own pace. During that window Stablix shows the strategy as opening rather than reporting the half that already landed.
You set the minimum distance to liquidation you are willing to run, and symmetric stops are derived from it on both sides.
When a trigger fires on one leg, the other closes with it, so a hedge does not quietly become a directional bet.
PnL, fees and funding reconciled across both legs and reported per strategy. One number for the position you actually hold, not two halves to net out by hand.
What you sign.
What can go wrong.
What it costs.
None of it is in a footnote. If something here changes your mind, that is the point.
You sign an authorization on each exchange that lets Stablix submit orders on your behalf — and nothing else.
The authorization can
It cannot
Delta-neutral removes exposure to price direction. It does not remove exposure to everything else.
RATE Funding rates change. The differential you deploy on is not fixed. If it narrows or inverts, the strategy loses money instead of earning it.
LIQ Single-leg liquidation. A sharp price move can liquidate one leg before Risk Guard acts, leaving you with directional exposure you did not choose.
EXEC Closing is not guaranteed. If one leg closes and the other cannot — an outage, a revoked authorization — you stay directional until you close it by hand.
CPTY Exchange risk. Each venue holds your funds under its own contracts and infrastructure, which could fail or be exploited.
COST Costs come off the top. The APRs shown are funding only. Spread, exchange fees and the 0.01% per order all subtract from them, and on a small differential they can exceed the yield.
No plans, no tiers, no subscription. One rate on the orders you actually send.
0.01% of the traded amount, per order. The same on Hyperliquid, Lighter and Pacifica.
Stablix is a platform that lets you earn yield by capturing funding rate differences between perpetual exchanges. It opens a long and a short on the same asset across two different exchanges — Hyperliquid, Lighter or Pacifica — simultaneously, so your price exposure is neutralized (delta-neutral strategy) and your profit comes from the funding rate differential between the two.
Three things:
No. Stablix supports any asset listed on the integrated exchanges: crypto, forex (FX), commodities, stocks, and indices. The markets table lets you filter by asset type.
APR is the estimated annualized return of the funding rate differential between the two exchanges for that asset, taken from the current hourly rate and projected over a year. It is signed: a pair that pays badly right now shows a negative figure instead of being flipped round to look profitable.
7D AVG is the same differential averaged over the last seven days. The table sorts by it, because a steady payer beats a momentary spike.
All of them are estimates: funding rates change constantly, and none of these figures subtract fees.
From the exchange itself, not from Stablix. Once revoked, Stablix can no longer close that leg for you, Auto-close included, so revoke when you have no open positions — or close them from the exchange yourself.
Connect a wallet, authorize the exchanges you want to trade, and keep your funds where they already are.
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