Funding you earn now, next payment 23:00 UTC+0.0616%/8h= +67.5% APRpaid last 24h +0.158%
Price spread now: Hyperliquid against Binance+0.184%7-day average +0.205% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$820.825% of the position
Funding, last 7 days+0.289%+$29 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.184%, 7d avg +0.205%
=Together, before fees+0.272%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.022% cheaper against Binance than usual: you would sell low and buy high (spread +0.184% now, against its 7-day average of +0.205%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.289% in total) that is about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.289% in total (about 15.1% 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 | Binance CFXUSDT | 0.05353 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $5.4M | $11.2M | 75x |
| Short | Hyperliquid CFX | 0.05363 | 0.0716 | get 0.0090% / 1h | 2m 59s | $3.2M | $403K | 5x |
Binance CFXUSDT
Hyperliquid CFXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $129.44
- Price spread: +0.184% → +0.205%
- −$2.19
- Slippage, 4 orders
- −$63.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $44.76
- Costs to cover
- 0.825%
- Break-even
- 4.6 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 8 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 Binance live order book, 7 min ago | 0.94 bp | 16.2 bp −$16 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.56 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0074% | 8h | 0.05353 | +0.004% | $1.1M | $3.1M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05352 | −0.007% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDTlong | +0.0100% | 8h | 0.05353 | long leg | $5.4M | $11.2M | 75x | |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05354 | +0.023% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05352 | −0.014% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05354 | +0.023% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05352 | −0.014% | $886K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05350 | −0.052% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05352 | −0.014% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05349 | −0.075% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05352 | −0.022% | $512K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05352 | −0.021% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0392% | 1h | 0.05361 | +0.154% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0716% | 1h | 0.05363 | +0.184% | $3.2M | $403K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.1805% | 1h | 0.05363 | +0.191% | $142 | $29 | 10x | as long as short |
| Kraken Futures PF_CFXUSD | +0.2042% | 1h | 0.05359 | +0.116% | $33K | $23K | 20x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Deribit CFX_USDC-PERPETUAL
Kraken Futures PF_CFXUSD