Funding you earn now, next payment 01:00 UTC−0.0291%/8h= −31.9% APRpaid last 24h −0.001%
Price spread now: BloFin against Hyperliquid−0.251%107s7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as 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−$650.648% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.251%, 7d avg −0.136%
=Together, before fees+0.018%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.136%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% 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 | Hyperliquid ENS | 6.7760 | 0.0369 | pay 0.0046% / 1h | 43m 28s | $3.1M | $393K | 5x |
| Short | BloFin ENS-USDT | 6.7590 | 0.0078 | get 0.0078% / 8h | 7h 43m | $312K | $75K | 20x |
Hyperliquid ENS
BloFin ENS-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
- −$61.16
- Price spread: −0.251% → −0.136%
- −$11.47
- Slippage, 4 orders
- −$43.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$137.38
- Costs to cover
- 0.648%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 24 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, 8 min ago | 1.40 bp | 17.9 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 1.48 bp | 16.2 bp −$16 | 28.4 bp −$284 | 102.9 bp −$10.3K | doesn't fit |
ENS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ENSUSD | −0.1395% | 1h | 6.7428 | −0.490% | $91K | $447K | 20x | as long as short |
| Variational Omni ENS | −0.0026% | 8h | 6.7490 | −0.399% | $111K | $5K | — | as long as short |
| OKX ENS-USDT-SWAP | −0.0014% | 8h | 6.7600 | −0.236% | $2.4M | $3.4M | 20x | as long as short |
| Gate ENS_USDT | +0.0014% | 8h | 6.7460 | −0.443% | $456K | $570K | 75x | as long as short |
| Bitget ENSUSDT | +0.0034% | 8h | 6.7610 | −0.221% | $2.9M | $1.3M | 75x | as long as short |
| BloFin ENS-USDTshort | +0.0078% | 8h | 6.7590 | −0.251% | $312K | $75K | 20x | |
| Aster ENSUSDT | +0.0100% | 8h | 6.7614 | −0.215% | $15K | $103K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.7662 | −0.145% | $5.4M | $13.9M | 75x | as long as short |
| Bybit ENSUSDT | +0.0100% | 8h | 6.7560 | −0.295% | $5.4M | $3.8M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.7660 | −0.148% | $5.5M | $862K | 75x | as long as short |
Kraken Futures PF_ENSUSD
Variational Omni ENS
OKX ENS-USDT-SWAP
Gate ENS_USDT
Bitget ENSUSDT
Aster ENSUSDT
Binance ENSUSDT
Bybit ENSUSDT
MEXC ENS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.7620 | −0.207% | $1.8M | $131K | 50x | as long as short |
| BingX ENS-USDT | +0.0100% | 8h | 6.7600 | −0.236% | — | $8.1M | — | as long as short |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.7610 | −0.221% | $25K | $606K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.7553 | −0.305% | $2K | $179K | 10x | as long as short |
| Hyperliquid ENSlong | +0.0369% | 1h | 6.7760 | long leg | $3.1M | $393K | 5x |
KuCoin ENSUSDTM
BingX ENS-USDT
ApeX Omni ENSUSDT
Extended ENS-USD