Funding you earn now, next payment 00:00 UTC+0.0575%/8h= +62.9% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against Binance+0.113%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.113%, 7d avg +0.062%
=Together, before fees+0.137%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.051% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% 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 | Binance FETUSDT | 0.2037 | 0.0100 | pay 0.0100% / 8h | 37m 44s | $31.8M | $108.5M | 75x |
| Short | Hyperliquid FET | 0.2040 | 0.0675 | get 0.0084% / 1h | 37m 44s | $9.0M | $8.0M | 5x |
Binance FETUSDT
Hyperliquid FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $120.68
- Price spread: +0.113% → +0.062%
- $5.14
- Slippage, 4 orders
- −$20.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $86.19
- Costs to cover
- 0.396%
- Break-even
- 2.0 days
Slippage from Binance: live order book, 5 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 5 min ago | 2.45 bp | 12.0 bp −$12 | 22.7 bp −$227 | 171.2 bp −$17.1K | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.96 bp | 9.6 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.2685% | 1h | 0.2038 | +0.025% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2055 | +0.859% | $154K | $206K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0478% | 1h | 0.2040 | +0.119% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2039 | +0.051% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.350% | $3K | $166K | 12x | as long as short |
| Gate FET_USDT | +0.0056% | 8h | 0.2036 | −0.073% | $2.8M | $12.0M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2038 | +0.033% | $341K | $540K | 10x | as long as short |
| Binance FETUSDTlong | +0.0100% | 8h | 0.2037 | long leg | $31.8M | $108.5M | 75x | |
| MEXC FET_USDT | +0.0100% | 8h | 0.2036 | −0.073% | $34.3M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2037 | −0.024% | $10.6M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Gate FET_USDT
Aster FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2046 | +0.429% | $299K | $339K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2038 | +0.025% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2037 | −0.006% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2038 | +0.010% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2041 | +0.172% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0315% | 8h | 0.2038 | +0.025% | — | $5.6M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0318% | 4h | 0.2041 | +0.172% | $988K | $7.8M | 20x | as long as short |
| Bitget FETUSDT | +0.0324% | 8h | 0.2039 | +0.074% | $16.4M | $11.5M | 75x | as long as short |
| Phoenix FET | +0.0508% | 1h | 0.2048 | +0.530% | $36K | $45K | 5x | as long as short |
| Hyperliquid FETshort | +0.0675% | 1h | 0.2040 | +0.113% | $9.0M | $8.0M | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET