Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: BingX against Hyperliquid+0.010%7-day average −0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$920.920% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.010%, 7d avg −0.073%
=Together, before fees−0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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 0.083% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0620 | 0.0100 | pay 0.0013% / 1h | 40m 58s | $261K | $294K | 5x |
| Short | BingX AXS-USDT | 1.0621 | 0.0100 | get 0.0050% / 4h | 2h 40m | — | $2.6M | — |
Hyperliquid AXS
BingX AXS-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: +0.010% → −0.073%
- $8.33
- Slippage, 4 orders
- −$72.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$83.63
- Costs to cover
- 0.920%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 43 min ago; BingX: live order book, 9 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, 43 min ago | 2.82 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 4.24 bp | 23.0 bp −$23 | 49.1 bp −$491 | 338.9 bp −$33.9K | 439.5 bp −$219.8K |
AXS on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0339% | 1h | 1.0620 | +0.003% | $139K | $324K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.943% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0078% | 4h | 1.0610 | −0.093% | $3K | — | 10x | as long as short |
| BloFin AXS-USDT | +0.0084% | 4h | 1.0612 | −0.074% | $272K | $30K | 75x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0639 | +0.180% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0620 | long leg | $261K | $294K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0622 | +0.022% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0616 | −0.037% | $5.9M | $9.4M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0615 | −0.046% | $3.2M | $3.6M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0616 | −0.037% | $1.4M | $2.7M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
BloFin AXS-USDT
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0618 | −0.018% | $957K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0616 | −0.037% | $11.1M | $761K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0620 | +0.001% | $573K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0610 | −0.093% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDTshort | +0.0100% | 4h | 1.0621 | +0.010% | — | $2.6M | — | |
| Variational Omni AXS | +0.0100% | 8h | 1.0616 | −0.041% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0610 | −0.092% | $756K | $922K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0620 | +0.001% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0616 | −0.037% | $714 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0616 | −0.038% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD