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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.019%
Price spread now: Hyperliquid against BloFin+0.442%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$640.637% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.142%−$14 on $10k
Price spread, last 4 days (all we have)−0.633%−$63 · spread now +0.442%, 7d avg +0.168%
Together, before fees−0.775%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.274% dearer against BloFin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.168%. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CC-USDT0.11770.0340pay 0.0170% / 4h1h 21m$594K$98K75x
ShortHyperliquid CC0.11820.0360get 0.0045% / 1h21m 00s$5.5M$1.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$4.2
Price spread: +0.442% → +0.168%
$27.37
Slippage, 4 orders
−$42.7
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$32.14
Costs to cover
0.637%
Break-even
60.6 days
Slippage from BloFin: live order book, 20 min ago; Hyperliquid: live order book, 11 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 BloFin live order book, 20 min ago3.42 bp18.1 bp −$1842.6 bp −$426doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.70 bp14.6 bp −$15doesn't fitdoesn't fitdoesn't fit

CC on 19 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
Injective CC/USDC PERP−0.4093%1h0.1180+0.297%$402$3K5.5xas long as short
MEXC CC_USDT−0.0086%4h0.1181+0.348%$1.7M$323K100xas long as short
Bybit CCUSDT−0.0078%4h0.1181+0.340%$10.8M$3.8M25xas long as short
Paradex CC-USD-PERP+0.0097%8h0.1178+0.167%$1K5xas long as short
Aster CCUSDT+0.0100%4h0.1179+0.204%$35K$32K20xas long as short
Binance CCUSDT+0.0100%4h0.1180+0.310%$11.2M$12.1M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1182+0.425%$2.6M$3.4M20xas long as short
Gate CC_USDT+0.0100%4h0.1179+0.178%$365K$218K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1179+0.229%$486K$122K50xas long as short
Bitget CCUSDT+0.0100%4h0.1181+0.391%$926K$789K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CC-USDT+0.0100%4h0.1181+0.348%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1179+0.204%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1179+0.207%$600K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1177+0.057%$81K$2.4M10xas long as short
Derive CC-PERP+0.0100%1h0.1178+0.112%$6K$36K6.7xas long as short
BloFin CC-USDTlong+0.0340%4h0.1177long leg$594K$98K75x
Hyperliquid CCshort+0.0360%1h0.1182+0.442%$5.5M$1.4M3x
GMX CC/USD [WBTC.b-USDC]L +0.0449% / S −0.0241%1h0.1180+0.262%$44K50xas long as short
Lighter CC+0.1088%1h0.1184+0.680%$240K$155K5xas long as short