Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.03 per $10,000 · paid last 24h −0.046%
Price spread now: Hyperliquid against dYdX−0.004%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$570.573% of the position
Funding, last 7 days−0.408%−$41 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.004%, 7d avg +0.046%
=Together, before fees−0.300%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.050% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX BNB-USD | 805.64 | 0.0237 | pay 0.0030% / 1h | 13m 07s | $170K | $55K | 10x |
| Short | Hyperliquid BNB | 805.61 | 0.0214 | get 0.0027% / 1h | 13m 07s | $51.9M | $21.9M | 10x |
dYdX BNB-USD
Hyperliquid BNBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- −$4.85
- Price spread: −0.004% → +0.046%
- −$4.97
- Slippage, 4 orders
- −$38.34
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$67.17
- Costs to cover
- 0.573%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 11 min ago; Hyperliquid: live order book, 10 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 dYdX live order book, 11 min ago | 12.51 bp | 26.8 bp −$27 | 155.3 bp −$1,553 | 272.1 bp −$27.2K | 509.6 bp −$254.8K |
| Sell Hyperliquid live order book, 10 min ago | 0.06 bp | 5.1 bp −$5 | 5.2 bp −$52 | 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 −0.0195% / S +0.0371% | 1h | 804.84 | −0.100% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.58 | +0.116% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 807.11 | +0.182% | $3.0M | $29.5M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 805.40 | −0.030% | $114K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 806.10 | +0.057% | $871K | $2.9M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 804.85 | −0.099% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 805.10 | −0.068% | $2.5M | $919K | 50x | as long as short |
| Variational Omni BNB | +0.0050% | 8h | 805.71 | +0.009% | $4.1M | $5.4M | — | as long as short |
| BingX BNB-USDT | +0.0054% | 8h | 804.91 | −0.091% | — | $34.5M | — | as long as short |
| Bybit BNBUSDT | +0.0079% | 8h | 804.60 | −0.130% | $139.6M | $81.8M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDT
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 805.15 | −0.061% | $608K | $883K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 805.10 | −0.068% | $2.8M | $4.2M | 20x | as long as short |
| Aster BNBUSDT | +0.0098% | 8h | 805.47 | −0.021% | $6.4M | $18.9M | 200x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 805.35 | −0.036% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 805.93 | +0.035% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 804.80 | −0.105% | $55.2M | $116.1M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.10 | +0.057% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 804.80 | −0.105% | $36.1M | $59.0M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 804.80 | −0.105% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 804.48 | −0.144% | $79.0M | $24.8M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.79 | +0.143% | $4.2M | $77.2M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.36 | +0.089% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 805.13 | −0.064% | $116K | $873K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 804.91 | −0.091% | $389K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.11 | −0.066% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 805.69 | +0.005% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 805.32 | −0.040% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.39 | −0.032% | $8.2M | $7.5M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 806.31 | +0.082% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 804.53 | −0.139% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.06 | −0.072% | $387K | $40K | 10x | as long as short |
| MEXC BNB_USDT | +0.0114% | 8h | 805.70 | +0.007% | $84.6M | $13.7M | 200x | as long as short |
| Binance BNBUSDT | +0.0115% | 8h | 805.59 | −0.007% | $520.7M | $806.7M | 75x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 806.89 | +0.155% | $173K | $35K | 10x | as long as short |
| Phemex BNBUSDT | +0.0131% | 8h | 805.52 | −0.015% | $70.3M | $51.8M | 50x | as long as short |
| SoDEX BNB-USD | +0.0194% | 1h | 804.90 | −0.092% | $396K | $1.0M | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 805.89 | +0.030% | $1.2M | $1.5M | 20x | as long as short |
| Hyperliquid BNBshort | +0.0214% | 1h | 805.61 | −0.004% | $51.9M | $21.9M | 10x | |
| Bulk BNB-USD | +0.0217% | 1h | 806.94 | +0.161% | $652K | $11K | 10x | as long as short |
| BloFin BNB-USDT | +0.0235% | 8h | 805.62 | −0.003% | $18.9M | $3.1M | 75x | as long as short |
| dYdX BNB-USDlong | +0.0237% | 1h | 805.64 | long leg | $170K | $55K | 10x | |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 806.29 | +0.080% | $71K | $48K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0334% | 1h | 804.70 | −0.118% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 806.38 | +0.091% | $29K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.89 | −0.094% | $19K | $627K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0651% | 1h | 805.95 | +0.038% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Aster BNBUSDT
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
MEXC BNB_USDT
Binance BNBUSDT
Phoenix BNB
Phemex BNBUSDT
SoDEX BNB-USD
RISEx BNB/USDC
Bulk BNB-USD
BloFin BNB-USDT
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP