STBL arbitrage between HyperLiquid and KuCoin: we compare the price of STBL on HyperLiquid (futures) and KuCoin (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About STBL

STBL is a decentralized, non-custodial platform built to redefine stablecoin utility by combining yield, transparency, and real-world asset (RWA) backing. At its core, STBL is a mechanism to mint stablecoins — namely USST and YLD — with unique advantages that stand out in the DeFi ecosystem: yield without staking, no lockups, and RWA-powered growth.

Decentralized Finance (DeFi), BNB Chain Ecosystem, Real World Assets (RWA), Stablecoin Issuer

STBL: KuCoin — deposit open, withdrawal open.

Open interest in STBL right now — $8.7M: HyperLiquid $2.0M, Binance $1.8M, BingX $1.7M, KuCoin $1.6M, Bybit $1.2M. See OI STBL.

About STBL arbitrage

How do I read the STBL spread?

The spread is how many percent higher STBL trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and KuCoin. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get STBL alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.