Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Hyperliquid against Backpack+0.008%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.205%+$21 · spread now +0.008%, 7d avg +0.011%
=Together, before fees+0.162%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack DOT_USDC_PERP | 1.1866 | 0.0100 | pay 0.0013% / 1h | 8m 57s | $92K | $130K | 10x |
| Short | Hyperliquid DOT | 1.1867 | 0.0100 | get 0.0013% / 1h | 8m 57s | $5.3M | $3.3M | 10x |
Backpack DOT_USDC_PERP
Hyperliquid DOTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. 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
- $0
- Price spread: +0.008% → +0.011%
- −$0.28
- Slippage, 4 orders
- −$9.06
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.33
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 49 min ago; Hyperliquid: live order book, 3 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 Backpack live order book, 49 min ago | 0.42 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.68 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
DOT on 29 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 DOT_USDC-PERPETUAL | −0.1682% | 1h | 1.1879 | +0.110% | $226K | $121K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0608% | 1h | 1.1870 | +0.034% | $195K | $1.9M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1864 | −0.019% | $257 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1866 | −0.001% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1870 | +0.033% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +1.298% | $328 | $121K | 12x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1874 | +0.066% | $268K | $636K | 10x | as long as short |
| Hyperliquid DOTshort | +0.0100% | 1h | 1.1867 | +0.008% | $5.3M | $3.3M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.1870 | +0.032% | $857K | $597K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.1866 | −0.004% | $43.7M | $85.2M | 75x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
Lighter DOT
Aster DOTUSDT
Binance DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DOTUSDT | +0.0100% | 8h | 1.1859 | −0.059% | $24.3M | $18.9M | 75x | as long as short |
| OKX DOT-USDT-SWAP | +0.0100% | 8h | 1.1860 | −0.051% | $9.4M | $24.3M | 50x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1860 | −0.051% | $6.6M | $11.9M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1864 | −0.017% | $29.9M | $53.4M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1863 | −0.025% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1860 | −0.051% | $22.6M | $14.7M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.1867 | +0.008% | — | $29.7M | — | as long as short |
| Backpack DOT_USDC_PERPlong | +0.0100% | 1h | 1.1866 | long leg | $92K | $130K | 10x | |
| Variational Omni DOT | +0.0100% | 8h | 1.1874 | +0.070% | $541K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1872 | +0.051% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1870 | +0.034% | $236K | $407K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1860 | −0.051% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1889 | +0.194% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1854 | −0.101% | $258K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1854 | −0.104% | $14K | $310K | 25x | as long as short |
| Phemex DOTUSDT | +0.0126% | 8h | 1.1880 | +0.118% | $2.4M | $2.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0213% | 1h | 1.1874 | +0.070% | $4.4M | $1.4M | 50x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1876 | +0.084% | $2.2M | $902K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1871 | +0.038% | $22K | — | 100x | as long as short |
Bybit DOTUSDT
OKX DOT-USDT-SWAP
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDT
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
Phemex DOTUSDT
Kraken Futures PF_DOTUSD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]