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

BANANA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.044%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.023%+$2 on $10k
Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.044%, 7d avg −0.012%
Together, before fees+0.088%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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 0.056% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BANANA4.10620.0100pay 0.0013% / 1h39m 28s$177K$62K3x
ShortBingX BANANA-USDT4.10800.0100get 0.0050% / 4h3h 39m$11.6M

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.044% → −0.012%
$5.58
Slippage, 4 orders
−$103.36
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$116.79
Costs to cover
1.224%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 70 min ago; BingX: live order book, 14 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 Hyperliquid live order book, 70 min ago1.95 bp43.6 bp −$44doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago6.08 bp17.9 bp −$1831.5 bp −$315968.2 bp −$96.8Kdoesn't fit

BANANA on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid BANANAlong+0.0100%1h4.1062long leg$177K$62K3x
Binance BANANAUSDT+0.0100%4h4.1040−0.054%$1.7M$1.4M25xas long as short
Bybit BANANAUSDT+0.0100%4h4.1090+0.068%$427K$428K25xas long as short
Gate BANANA_USDT+0.0100%8h4.1090+0.068%$63K$51K25xas long as short
MEXC BANANA_USDT+0.0100%4h4.1030−0.078%$571K$175K20xas long as short
KuCoin BANANAUSDTM+0.0100%4h4.1100+0.093%$158K$33K20xas long as short
Bitget BANANAUSDT+0.0100%4h4.1060−0.005%$260K$34K20xas long as short
BingX BANANA-USDTshort+0.0100%4h4.1080+0.044%$11.6M
BloFin BANANA-USDT+0.0106%4h4.1180+0.287%$112K$16K25xas long as short
Kraken Futures PF_BANANAUSD+0.1086%1h4.1088+0.062%$7K$2K10xas long as short