Settings8H · net · $10k
Funding arb · Price arb /

BANANA

all BANANA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0057%/8h= +6.3% APRpaid last 24h −0.007%
Price spread now: Hyperliquid against BloFin0.000%47s7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1061.057% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.187%+$19 · spread now 0.000%, 7d avg +0.082%
Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.082% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.082%). If the spread goes back, that is −$8 on $10k: about 4.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.009% in total) that is about 2 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BANANA-USDT4.06100.0043pay 0.0021% / 4h52m 25s$110K$13K25x
ShortHyperliquid BANANA4.06100.0100get 0.0013% / 1h52m 25s$176K$59K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$11.99
Price spread: 0.000% → +0.082%
−$8.18
Slippage, 4 orders
−$84.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$101.85
Costs to cover
1.057%
Break-even
66.5 days
Slippage from BloFin: live order book, 43 min ago; Hyperliquid: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 43 min ago2.46 bp28.6 bp −$2979.7 bp −$797doesn't fitdoesn't fit
Sell Hyperliquid live order book, 40 min ago1.23 bp33.6 bp −$34doesn't fitdoesn't fitdoesn't fit

BANANA on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BANANA-USDTlong+0.0043%4h4.0610long leg$110K$13K25x
Hyperliquid BANANAshort+0.0100%1h4.06100.000%$176K$59K3x
Binance BANANAUSDT+0.0100%4h4.0570−0.098%$1.7M$1.3M25xas long as short
Bybit BANANAUSDT+0.0100%4h4.0580−0.074%$410K$340K25xas long as short
Gate BANANA_USDT+0.0100%8h4.0580−0.074%$63K$44K25xas long as short
MEXC BANANA_USDT+0.0100%4h4.0580−0.074%$549K$165K20xas long as short
KuCoin BANANAUSDTM+0.0100%4h4.0670+0.148%$157K$32K20xas long as short
Bitget BANANAUSDT+0.0100%4h4.0590−0.049%$257K$30K20xas long as short
BingX BANANA-USDT+0.0100%4h4.0570−0.098%$13.7Mas long as short
Kraken Futures PF_BANANAUSD+0.0413%1h4.0588−0.055%$7K$19910xas long as short