2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Binance+0.052%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$910.910% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.427%−$43 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.052%, 7d avg +0.055%

Together, before fees−0.468%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 2ZUSDT	0.05186	0.0100	pay 0.0050% / 4h	2h 11m	$2.1M	$2.3M	50x
Short	Hyperliquid 2Z	0.05189	0.0100	get 0.0013% / 1h	11m 04s	$664K	$374K	3x

Funding history

latest

Range statsloading…

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee HyperliquidbpOrdersPrice spread, now +0.052%Rate

Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 39 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 9 min ago	0.96 bp	26.0 bp −$26	141.0 bp −$1,410	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 39 min ago	1.25 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit

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
Backpack 2Z_USDC_PERP	−0.0557%	1h	0.05185	−0.019%	$45K	$32K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−3.972%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05198	+0.231%	$16K	$8K	3x	as long as short
Hyperliquid 2Zshort	+0.0100%	1h	0.05189	+0.052%	$664K	$374K	3x
Aster 2ZUSDT	+0.0100%	4h	0.05190	+0.080%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05190	+0.081%	$75K	$14K	3x	as long as short
Binance 2ZUSDTlong	+0.0100%	4h	0.05186	long leg	$2.1M	$2.3M	50x
Bybit 2ZUSDT	+0.0100%	4h	0.05191	+0.096%	$682K	$962K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05190	+0.077%	$446K	$709K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05185	−0.019%	$92K	$69K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05188	+0.039%	$294K	$125K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05191	+0.102%	$191K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05189	+0.058%	$148K	$611K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05187	+0.019%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05185	−0.017%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05194	+0.154%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.1049%	1h	0.05204	+0.341%	$6K	$3K	10x	as long as short