Funding you earn now, next payment 05:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.056%
Price spread now: Hyperliquid against Coinbase International+0.052%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now +0.052%, 7d avg +0.059%
=Together, before fees+0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BNB-PERP-INTX | 788.38 | 0.0080 | pay 0.0010% / 1h | 1m 01s | $569K | $1.9M | 50x |
| Short | Hyperliquid BNB | 788.79 | 0.0100 | get 0.0013% / 1h | 1m 01s | $51.7M | $17.6M | 10x |
Coinbase International BNB-PERP-INTX
Hyperliquid BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $4.2
- Price spread: +0.052% → +0.059%
- −$0.72
- Slippage, 4 orders
- −$11.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.63
- Costs to cover
- 0.301%
- Break-even
- 51.4 days
Slippage from Coinbase International: live order book, 3 min ago; Hyperliquid: live order book, 12 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 Coinbase International live order book, 3 min ago | 2.86 bp | 8.7 bp −$9 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.51 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0192% / S +0.0356% | 1h | 787.86 | −0.066% | $46K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 788.88 | +0.063% | $4K | $42 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 788.80 | +0.053% | $851K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 787.86 | −0.067% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.120% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0045% | 8h | 788.47 | +0.011% | $6.1M | $19.0M | 200x | as long as short |
| BingX BNB-USDT | +0.0053% | 8h | 788.17 | −0.027% | — | $22.2M | — | as long as short |
| Phemex BNBUSDT | +0.0065% | 8h | 788.63 | +0.032% | $69.0M | $50.9M | 50x | as long as short |
| MEXC BNB_USDT | +0.0066% | 8h | 789.00 | +0.079% | $81.0M | $12.1M | 200x | as long as short |
| Binance BNBUSDT | +0.0067% | 8h | 788.62 | +0.030% | $490.8M | $816.3M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDT
Phemex BNBUSDT
MEXC BNB_USDT
Binance BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BNBUSD | +0.0069% | 1h | 787.92 | −0.058% | $2.5M | $1.2M | 50x | as long as short |
| Coinbase International BNB-PERP-INTXlong | +0.0080% | 1h | 788.38 | long leg | $569K | $1.9M | 50x | |
| Lighter BNB | +0.0096% | 1h | 788.20 | −0.023% | $2.7M | $3.9M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 788.04 | −0.043% | $265K | $471K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 787.90 | −0.061% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNBshort | +0.0100% | 1h | 788.79 | +0.052% | $51.7M | $17.6M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 788.15 | −0.029% | $1.2M | $933K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 787.96 | −0.053% | $138.7M | $75.1M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 787.90 | −0.061% | $53.6M | $113.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 788.20 | −0.023% | $52K | $129K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 788.10 | −0.036% | $36.9M | $59.7M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 787.70 | −0.086% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 787.72 | −0.084% | $76.3M | $31.1M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 788.42 | +0.005% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 788.41 | +0.004% | $4.0M | $4.8M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 788.57 | +0.024% | $4.1M | $76.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 788.84 | +0.058% | $159K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 787.76 | −0.079% | $132K | $951K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 788.23 | −0.019% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 788.60 | +0.028% | $12K | $1.5M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 788.12 | −0.033% | $8.0M | $10.1M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0101% | 8h | 788.23 | −0.019% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 787.71 | −0.085% | $1.8M | $6.2M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 788.05 | −0.041% | $379K | $110K | 10x | as long as short |
| Phoenix BNB | +0.0107% | 1h | 788.39 | +0.001% | $169K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0109% | 1h | 788.20 | −0.023% | $388K | $988K | 10x | as long as short |
| dYdX BNB-USD | +0.0126% | 1h | 787.75 | −0.080% | $160K | $62K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0141% | 8h | 788.40 | +0.003% | $164K | $2.7M | 4.8x | as long as short |
| BloFin BNB-USDT | +0.0187% | 8h | 788.55 | +0.022% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0224% | 8h | 788.73 | +0.045% | $2.9M | $29.5M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 788.46 | +0.011% | $1.5M | $143K | 25x | as long as short |
| 01 Exchange BNBUSD | +0.0304% | 1h | 788.46 | +0.010% | $28K | $4K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0323% | 1h | 787.70 | −0.087% | $6K | $3K | 40x | as long as short |
| Bulk BNB-USD | +0.0339% | 1h | 788.57 | +0.024% | $639K | $4K | 10x | as long as short |
| RISEx BNB/USDC | +0.0432% | 1h | 788.21 | −0.022% | $1.1M | $910K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0560% | 1h | 788.28 | −0.012% | $67K | $39K | 12x | as long as short |
Kraken Futures PF_BNBUSD
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Phoenix BNB
SoDEX BNB-USD
dYdX BNB-USD
Kalshi KXBNBPERP
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Deribit BNB_USDC-PERPETUAL
01 Exchange BNBUSD
Reya BNBRUSDPERP
Bulk BNB-USD
RISEx BNB/USDC
Hibachi BNB/USDT-P