Funding you earn now, next payment 04:00 UTC+0.0713%/8h= +78.1% APRpaid last 24h +0.173%
Price spread now: Hyperliquid against BingX+0.232%7-day average +0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$620.615% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now +0.232%, 7d avg +0.202%
=Together, before fees+0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.030% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.202%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.267% in total (about 13.9% 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 | BingX CFX-USDT | 0.05348 | 0.0100 | pay 0.0100% / 8h | 4h 06m | — | $20.1M | — |
| Short | Hyperliquid CFX | 0.05360 | 0.0813 | get 0.0102% / 1h | 6m 35s | $3.2M | $352K | 5x |
BingX CFX-USDT
Hyperliquid CFXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $149.76
- Price spread: +0.232% → +0.202%
- $3
- Slippage, 4 orders
- −$42.53
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $91.23
- Costs to cover
- 0.615%
- Break-even
- 2.7 days
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 5 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 BingX live order book, 7 min ago | 2.80 bp | 10.2 bp −$10 | 13.0 bp −$130 | 36.7 bp −$3,675 | 303.2 bp −$151.6K |
| Sell Hyperliquid live order book, 5 min ago | 1.12 bp | 18.6 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05348 | −0.004% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05347 | −0.015% | $5.3M | $10.0M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05348 | 0.000% | $2.4M | $1.3M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05344 | −0.075% | $2.5M | $5.6M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05345 | −0.056% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05345 | −0.056% | $3.2M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05344 | −0.075% | $814K | $302K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05346 | −0.037% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDTlong | +0.0100% | 8h | 0.05348 | long leg | — | $20.1M | — | |
| Variational Omni CFX | +0.0100% | 8h | 0.05362 | +0.253% | $38K | $50K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
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 | 0.05362 | +0.262% | $508K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05345 | −0.065% | $3K | $266K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0192% | 1h | 0.05364 | +0.299% | $42K | $123K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0503% | 1h | 0.05350 | +0.031% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFXshort | +0.0813% | 1h | 0.05360 | +0.232% | $3.2M | $352K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.1993% | 1h | 0.05362 | +0.262% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL