Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.151%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$600.599% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days0.000%$0 · spread now −0.151%, 7d avg −0.090%
=Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.061% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1128 | 0.0100 | pay 0.0013% / 1h | 34m 50s | $3.8M | $1.9M | 5x |
| Short | BingX ALGO-USDT | 0.1126 | 0.0100 | get 0.0100% / 8h | 34m 50s | — | $3.3M | — |
Hyperliquid ALGO
BingX ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $0
- Price spread: −0.151% → −0.090%
- −$6.12
- Slippage, 4 orders
- −$40.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$66
- Costs to cover
- 0.599%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; BingX: live order book, 15 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, 7 min ago | 1.33 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 3.99 bp | 17.6 bp −$18 | 31.2 bp −$312 | 207.9 bp −$20.8K | 712.6 bp −$356.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0461% | 1h | 0.1125 | −0.231% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0157% | 1h | 0.1125 | −0.221% | $837K | $1.1M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.222% | $62K | $333K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0110% | 8h | 0.1125 | −0.204% | $11.3M | $12.2M | 75x | as long as short |
| Variational Omni ALGO | −0.0090% | 8h | 0.1124 | −0.322% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1126 | −0.130% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.665% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1128 | long leg | $3.8M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1127 | −0.021% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1126 | −0.124% | $10.0M | $34.8M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1126 | −0.142% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1127 | −0.044% | $889K | $834K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1126 | −0.115% | $23.1M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1127 | −0.035% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1127 | −0.044% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1126 | −0.151% | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1126 | −0.169% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1128 | +0.044% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1126 | −0.134% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1126 | −0.169% | $496K | $796K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0307% | 1h | 0.1126 | −0.172% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1469% | 1h | 0.1126 | −0.124% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD