Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.5% APRpaid last 24h +0.003%
Price spread now: BloFin against Hyperliquid−0.038%67s7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.750% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.049%−$5 · spread now −0.038%, 7d avg −0.073%
=Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.035% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.073%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.119%, so the current rate has only just turned against you. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0632 | 0.0100 | pay 0.0013% / 1h | 50m 10s | $261K | $293K | 5x |
| Short | BloFin AXS-USDT | 1.0628 | 0.0058 | get 0.0029% / 4h | 1h 50m | $271K | $17K | 75x |
Hyperliquid AXS
BloFin AXS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.72
- Price spread: −0.038% → −0.073%
- $3.53
- Slippage, 4 orders
- −$54.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$80.22
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 19 min ago; BloFin: live order book, 26 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, 19 min ago | 2.83 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 1.88 bp | 10.0 bp −$10 | 25.0 bp −$250 | doesn't fit | doesn't fit |
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 | −0.0476% | 1h | 1.0640 | +0.073% | $139K | $320K | 20x | as long as short |
| OKX AXS-USDT-SWAP | +0.0021% | 4h | 1.0626 | −0.056% | $1.4M | $2.7M | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.828% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDTshort | +0.0058% | 4h | 1.0628 | −0.038% | $271K | $17K | 75x | |
| Orderly PERP_AXS_USDC | +0.0071% | 4h | 1.0630 | −0.019% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0652 | +0.188% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0632 | long leg | $261K | $293K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0637 | +0.044% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0630 | −0.016% | $5.9M | $9.3M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0629 | −0.028% | $3.2M | $3.6M | 75x | as long as short |
Kraken Futures PF_AXSUSD
OKX AXS-USDT-SWAP
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0633 | +0.009% | $958K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0630 | −0.019% | $11.1M | $718K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | −0.019% | $581K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0640 | +0.075% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0628 | −0.038% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0626 | −0.060% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0650 | +0.168% | $752K | $882K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0635 | +0.028% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0628 | −0.038% | $684 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0631 | −0.013% | $7K | $156K | 10x | as long as short |
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD