Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%
Price spread now: Hyperliquid against BloFin+0.095%67s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as 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−$490.495% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 3 days (all we have)+0.146%+$15 · spread now +0.095%, 7d avg +0.035%
=Together, before fees+0.088%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.060% dearer against BloFin than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of +0.035%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.058% in total) that is about 7.2 days. The two prices were read 67 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 | BloFin ETC-USDT | 8.8480 | 0.0220 | pay 0.0220% / 8h | 12m 02s | $1.4M | $215K | 50x |
| Short | Hyperliquid ETC | 8.8564 | 0.0100 | get 0.0013% / 1h | 12m 02s | $2.3M | $443K | 5x |
BloFin ETC-USDT
Hyperliquid ETCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$25.2
- Price spread: +0.095% → +0.035%
- $6.02
- Slippage, 4 orders
- −$28.49
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$68.67
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Hyperliquid: live order book, 9 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 BloFin live order book, 6 min ago | 0.56 bp | 11.7 bp −$12 | 17.6 bp −$176 | 54.9 bp −$5,487 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 3.15 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
ETC on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0293% | 1h | 8.8750 | +0.305% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0194% | 1h | 8.8408 | −0.081% | $1.9M | $720K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8394 | −0.097% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8468 | −0.014% | $501 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8496 | +0.018% | — | — | 150x | as long as short |
| Hyperliquid ETCshort | +0.0100% | 1h | 8.8564 | +0.095% | $2.3M | $443K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.8463 | −0.020% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8480 | 0.000% | $26.5M | $68.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8430 | −0.057% | $13.0M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8480 | 0.000% | $8.8M | $16.9M | 50x | as long as short |
Injective ETC/USDC PERP
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8470 | −0.011% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8450 | −0.034% | $7.9M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8460 | −0.023% | $2.9M | $724K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8480 | 0.000% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8460 | −0.023% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8562 | +0.093% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8420 | −0.068% | $145 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8458 | −0.025% | $121K | $299K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8470 | −0.011% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8445 | −0.040% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0220% | 8h | 8.8480 | long leg | $1.4M | $215K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 9.0700 | +2.509% | $36K | $13K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX