Funding you earn now, next payment 05:00 UTC−0.0941%/8h= −103.0% APRpaid last 24h −0.250%
Price spread now: Binance against Hyperliquid−0.002%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$770.765% of the position
Funding, last 7 days−0.492%−$49 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.002%, 7d avg −0.043%
=Together, before fees−0.526%+ Points / potential airdropHyperliquid: Season 2 · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.042% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.043%): +$4 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.492% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.492% in total (about -25.6% 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 BSV | 19.260 | 0.1041 | pay 0.0130% / 1h | 8m 49s | $695K | $290K | 3x |
| Short | Binance BSVUSDT | 19.260 | 0.0100 | get 0.0050% / 4h | 3h 08m | $1.9M | $4.0M | 75x |
Hyperliquid BSV
Binance BSVUSDTFunding 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
- −$197.55
- Price spread: −0.002% → −0.043%
- $4.16
- Slippage, 4 orders
- −$57.53
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$269.91
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 13 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, 11 min ago | 1.82 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.60 bp | 20.3 bp −$20 | 71.9 bp −$719 | doesn't fit | doesn't fit |
BSV on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BSV-USDT | +0.0067% | 4h | 19.240 | −0.104% | $123K | $211K | 75x | as long as short |
| Binance BSVUSDTshort | +0.0100% | 4h | 19.260 | −0.002% | $1.9M | $4.0M | 75x | |
| Bybit BSVUSDT | +0.0100% | 4h | 19.236 | −0.125% | $1.7M | $1.2M | 75x | as long as short |
| Gate BSV_USDT | +0.0100% | 4h | 19.230 | −0.156% | $1.8M | $2.6M | 50x | as long as short |
| MEXC BSV_USDT | +0.0100% | 4h | 19.240 | −0.104% | $2.6M | $665K | 125x | as long as short |
| KuCoin BSVUSDTM | +0.0100% | 4h | 19.280 | +0.104% | $677K | $86K | 30x | as long as short |
| Bitget BSVUSDT | +0.0100% | 4h | 19.250 | −0.052% | $2.0M | $795K | 75x | as long as short |
| BingX BSV-USDT | +0.0100% | 4h | 19.270 | +0.052% | — | $2.4M | — | as long as short |
| Hyperliquid BSVlong | +0.1041% | 1h | 19.260 | long leg | $695K | $290K | 3x | |
| Injective BSV/USDC PERP | +0.1376% | 1h | 19.190 | −0.363% | $4K | $94K | 5.5x | as long as short |
BloFin BSV-USDT
Bybit BSVUSDT
Gate BSV_USDT
MEXC BSV_USDT
KuCoin BSVUSDTM
Bitget BSVUSDT
BingX BSV-USDT
Injective BSV/USDC PERP