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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.054%
Price spread now: Binance against Hyperliquid−0.070%7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$610.610% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.189%−$19 on $10k
Price spread, last 7 days−0.083%−$8 · spread now −0.070%, 7d avg −0.178%
Together, before fees−0.271%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.108% dearer against Hyperliquid than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.178%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11780.0100pay 0.0013% / 1h52m 26s$5.5M$1.4M3x
ShortBinance CCUSDT0.11770.0100get 0.0050% / 4h2h 52m$11.1M$11.9M75x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.070% → −0.178%
$10.84
Slippage, 4 orders
−$42
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$50.16
Costs to cover
0.610%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Binance: live order book, 3 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 Hyperliquid live order book, 10 min ago0.84 bp9.5 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 3 min ago2.13 bp21.8 bp −$2297.6 bp −$976494.2 bp −$49.4Kdoesn'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−0.3556%1h0.1184+0.535%$6K$965.5xas long as short
MEXC CC_USDT−0.0512%4h0.1177−0.093%$1.6M$313K100xas long as short
Bybit CCUSDT−0.0471%4h0.1177−0.093%$10.7M$3.8M25xas long as short
Paradex CC-USD-PERP+0.0082%8h0.1178+0.005%$1K5xas long as short
Gate CC_USDT+0.0084%4h0.1177−0.042%$363K$214K50xas long as short
Hyperliquid CClong+0.0100%1h0.1178long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1175−0.247%$35K$39K20xas long as short
Binance CCUSDTshort+0.0100%4h0.1177−0.070%$11.1M$11.9M75x
OKX CC-USDT-SWAP+0.0100%4h0.1177−0.102%$2.6M$3.6M20xas long as short
KuCoin CCUSDTM+0.0100%4h0.1178+0.017%$496K$120K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1177−0.034%$927K$804K20xas long as short
BingX CC-USDT+0.0100%4h0.11780.000%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1175−0.195%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1179+0.078%$601K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1172−0.501%$81K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1173−0.373%$6K$36K6.7xas long as short
Lighter CC+0.0184%1h0.1182+0.340%$234K$150K5xas long as short
BloFin CC-USDT+0.0340%4h0.1172−0.526%$598K$101K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0448% / S −0.0241%1h0.1176−0.177%$44K50xas long as short