Funding you earn now, next payment 01:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.042%
Price spread now: BloFin against Hyperliquid−0.047%47s7-day average −0.150% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.394%+$39 on $10k
+Price spread, last 3 days (all we have)−0.109%−$11 · spread now −0.047%, 7d avg −0.150%
=Together, before fees+0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.103% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.047% now, against its 7-day average of −0.150%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.394%, so the current rate has only just turned against you. The two prices were read 47 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 ETHFI | 0.7172 | 0.0100 | pay 0.0013% / 1h | 46m 25s | $18.0M | $9.1M | 5x |
| Short | BloFin ETHFI-USDT | 0.7169 | 0.0073 | get 0.0036% / 4h | 3h 46m | $1.2M | $278K | 75x |
Hyperliquid ETHFI
BloFin ETHFI-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
- −$5.68
- Price spread: −0.047% → −0.150%
- $10.27
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.41
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; BloFin: live order book, 1 min ago. Net counts fees only.
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, 6 min ago | 0.28 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 2.09 bp | 13.9 bp −$14 | 33.0 bp −$330 | 75.6 bp −$7,564 | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0548% | 4h | 0.7159 | −0.187% | $83K | $166K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0308% | 1h | 0.7170 | −0.033% | $41K | $13K | 10x | as long as short |
| Bybit ETHFIUSDT | −0.0232% | 4h | 0.7168 | −0.061% | $18.1M | $13.2M | 25x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0195% | 4h | 0.7165 | −0.103% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0048% | 4h | 0.7168 | −0.056% | $1.0M | $744K | — | as long as short |
| Paradex ETHFI-USD-PERP | −0.0041% | 8h | 0.7169 | −0.046% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0016% | 1h | 0.7168 | −0.057% | $93K | $557K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0018% | 4h | 0.7168 | −0.061% | $15.4M | $3.8M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0018% | 4h | 0.7165 | −0.103% | $25.0M | $37.4M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.943% | $321 | $51K | 5.5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Bybit ETHFIUSDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDT
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ETHFI-USDTshort | +0.0073% | 4h | 0.7169 | −0.047% | $1.2M | $278K | 75x | |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.7165 | −0.103% | $9K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7179 | +0.092% | $1.1M | $894K | 5x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7172 | long leg | $18.0M | $9.1M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7175 | +0.039% | $183K | $258K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7172 | −0.006% | $5.0M | $12.6M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7170 | −0.033% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7167 | −0.075% | $1.2M | $270K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7162 | −0.145% | $6.1M | $5.7M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7168 | −0.061% | — | $26.1M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7166 | −0.091% | $59K | $94K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7178 | +0.078% | $2K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | +0.901% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0220% | 1h | 0.7176 | +0.045% | $272K | $165K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD