Funding you earn now, next payment 23:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.070%
Price spread now: Binance against Hyperliquid−0.266%7-day average −0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.266%, 7d avg −0.177%
=Together, before fees+0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Binance is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.177%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BIO | 0.02899 | 0.0474 | pay 0.0059% / 1h | 2m 41s | $757K | $220K | 3x |
| Short | Binance BIOUSDT | 0.02891 | 0.0100 | get 0.0050% / 4h | 1h 02m | $6.1M | $6.8M | 50x |
Hyperliquid BIO
Binance BIOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$78.58
- Price spread: −0.266% → −0.177%
- −$8.85
- Slippage, 4 orders
- −$41.24
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147.67
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Binance: live order book, 6 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 | 1.56 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.47 bp | 14.4 bp −$14 | 49.3 bp −$493 | doesn't fit | doesn't fit |
BIO on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter BIO | +0.0096% | 1h | 0.02895 | −0.141% | $11K | $3K | 3x | as long as short |
| Orderly PERP_BIO_USDC | +0.0097% | 4h | 0.02891 | −0.266% | $13K | — | 10x | as long as short |
| Aster BIOUSDT | +0.0100% | 4h | 0.02892 | −0.221% | $18K | $94K | 5x | as long as short |
| Binance BIOUSDTshort | +0.0100% | 4h | 0.02891 | −0.266% | $6.1M | $6.8M | 50x | |
| Bybit BIOUSDT | +0.0100% | 4h | 0.02894 | −0.162% | $2.2M | $2.6M | 50x | as long as short |
| OKX BIO-USDT-SWAP | +0.0100% | 4h | 0.02893 | −0.197% | $1.2M | $2.3M | 20x | as long as short |
| Gate BIO_USDT | +0.0100% | 8h | 0.02893 | −0.197% | $1.4M | $269K | 50x | as long as short |
| MEXC BIO_USDT | +0.0100% | 4h | 0.02891 | −0.266% | $388K | $128K | 20x | as long as short |
| KuCoin BIOUSDTM | +0.0100% | 4h | 0.02896 | −0.093% | $557K | $122K | 20x | as long as short |
| Bitget BIOUSDT | +0.0100% | 4h | 0.02892 | −0.231% | $1.3M | $528K | 50x | as long as short |
Lighter BIO
Orderly PERP_BIO_USDC
Aster BIOUSDT
Bybit BIOUSDT
OKX BIO-USDT-SWAP
Gate BIO_USDT
MEXC BIO_USDT
KuCoin BIOUSDTM
Bitget BIOUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BIO-USDT | +0.0100% | 4h | 0.02892 | −0.231% | — | $1.4M | — | as long as short |
| Variational Omni BIO | +0.0100% | 4h | 0.02888 | −0.383% | $33K | $71K | — | as long as short |
| BloFin BIO-USDT | +0.0123% | 4h | 0.02890 | −0.300% | $263K | $9K | 50x | as long as short |
| Kraken Futures PF_BIOUSD | +0.0168% | 1h | 0.02893 | −0.209% | $11K | $6K | 20x | as long as short |
| Hyperliquid BIOlong | +0.0474% | 1h | 0.02899 | long leg | $757K | $220K | 3x |
BingX BIO-USDT
Variational Omni BIO
BloFin BIO-USDT
Kraken Futures PF_BIOUSD