Funding you earn now, next payment 03:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.166%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days−0.091%−$9 · spread now +0.166%, 7d avg +0.059%
=Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.107% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ALGOUSDT | 0.1117 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $9.8M | $34.4M | 75x |
| Short | Hyperliquid ALGO | 0.1119 | 0.0139 | get 0.0017% / 1h | 44m 31s | $3.7M | $2.0M | 5x |
Binance ALGOUSDT
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $8.21
- Price spread: +0.166% → +0.059%
- $10.72
- Slippage, 4 orders
- −$30.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.96
- Costs to cover
- 0.499%
- Break-even
- 33.4 days
Slippage from Binance: live order book, 12 min ago; Hyperliquid: live order book, 7 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 Binance live order book, 12 min ago | 0.90 bp | 12.9 bp −$13 | 35.6 bp −$356 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.79 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1116 | −0.103% | $16K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1117 | −0.013% | $95K | $46K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1114 | −0.308% | $70K | $269K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.264% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0097% | 8h | 0.1113 | −0.330% | $61K | $12K | — | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.001% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDTlong | +0.0100% | 8h | 0.1117 | long leg | $9.8M | $34.4M | 75x | |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.013% | $11.5M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | +0.023% | $2.9M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.013% | $874K | $847K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Variational Omni ALGO
Aster ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.005% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | +0.014% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.004% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | +0.014% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.317% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.175% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.027% | $4K | $229K | 10x | as long as short |
| Hyperliquid ALGOshort | +0.0139% | 1h | 0.1119 | +0.166% | $3.7M | $2.0M | 5x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.282% | — | $881K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1116 | −0.069% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0354% | 1h | 0.1117 | +0.008% | $827K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2292% | 1h | 0.1117 | +0.014% | $161K | $4K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD