Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.003%
Price spread now: BloFin against Hyperliquid−0.105%87s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$770.771% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.105%, 7d avg −0.047%
=Together, before fees−0.024%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid COMP | 22.904 | 0.0100 | pay 0.0013% / 1h | 5m 29s | $877K | $346K | 5x |
| Short | BloFin COMP-USDT | 22.880 | 0.0088 | get 0.0088% / 8h | 4h 05m | $243K | $166K | 20x |
Hyperliquid COMP
BloFin COMP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$2.5
- Price spread: −0.105% → −0.047%
- −$5.76
- Slippage, 4 orders
- −$56.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$85.35
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 25 min ago; BloFin: live order book, 26 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, 25 min ago | 1.52 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 2.19 bp | 24.7 bp −$25 | 48.6 bp −$486 | doesn't fit | doesn't fit |
COMP 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit COMP_USDC-PERPETUAL | −0.0623% | 1h | 22.890 | −0.061% | $334 | $327 | 50x | as long as short |
| Kraken Futures PF_COMPUSD | −0.0183% | 1h | 22.915 | +0.048% | $227K | $93K | 20x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.916 | +0.052% | $69K | — | 5x | as long as short |
| Injective COMP/USDC PERP | +0.0022% | 1h | 22.890 | −0.061% | $1K | $13K | 12x | as long as short |
| BloFin COMP-USDTshort | +0.0088% | 8h | 22.880 | −0.105% | $243K | $166K | 20x | |
| Hyperliquid COMPlong | +0.0100% | 1h | 22.904 | long leg | $877K | $346K | 5x | |
| Binance COMPUSDT | +0.0100% | 8h | 22.890 | −0.061% | $4.3M | $6.3M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.910 | +0.026% | $3.9M | $1.8M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.940 | +0.157% | $1.8M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.940 | +0.157% | $226K | $54K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
Kraken Futures PF_COMPUSD
dYdX COMP-USD
Injective COMP/USDC PERP
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.880 | −0.105% | $2.5M | $829K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.930 | +0.114% | $462K | $87K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.890 | −0.061% | $1.9M | $577K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.910 | +0.026% | — | $34.7M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.896 | −0.035% | $14K | $30K | — | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0544% | 1h | 22.980 | +0.332% | $18K | $44K | 25x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Coinbase International COMP-PERP-INTX