Funding you earn now, next payment 23:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h +0.072%
Price spread now: Hyperliquid against BingX+0.135%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 7 days−0.150%−$15 · spread now +0.135%, 7d avg +0.089%
=Together, before fees−0.043%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.045% dearer against BingX than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.089%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.106%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX FET-USDT | 0.2006 | 0.0247 | pay 0.0247% / 8h | 1h 52m | — | $5.6M | — |
| Short | Hyperliquid FET | 0.2009 | 0.0100 | get 0.0013% / 1h | 52m 10s | $8.9M | $7.8M | 5x |
BingX FET-USDT
Hyperliquid FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- −$30.87
- Price spread: +0.135% → +0.089%
- $4.51
- Slippage, 4 orders
- −$24.86
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$70.22
- Costs to cover
- 0.439%
- Break-even
- never at this rate
Slippage from BingX: live order book, 13 min ago; Hyperliquid: live order book, 10 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 BingX live order book, 13 min ago | 5.01 bp | 11.7 bp −$12 | 16.0 bp −$160 | 77.6 bp −$7,758 | 394.6 bp −$197.3K |
| Sell Hyperliquid live order book, 10 min ago | 1.00 bp | 10.2 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 | −0.4219% | 1h | 0.2005 | −0.050% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2019 | +0.648% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2006 | +0.008% | $31K | — | 150x | as long as short |
| Gate FET_USDT | +0.0020% | 8h | 0.2005 | −0.050% | $2.7M | $11.8M | 50x | as long as short |
| Hyperliquid FETshort | +0.0100% | 1h | 0.2009 | +0.135% | $8.9M | $7.8M | 5x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2009 | +0.137% | $340K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2006 | 0.000% | $31.4M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2005 | −0.050% | $34.6M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2006 | 0.000% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | +0.316% | $273K | $316K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2005 | −0.050% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2006 | −0.017% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0132% | 4h | 0.2007 | +0.050% | $853K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.2005 | −0.040% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2008 | +0.100% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDTlong | +0.0247% | 8h | 0.2006 | long leg | — | $5.6M | — | |
| Bitget FETUSDT | +0.0279% | 8h | 0.2009 | +0.150% | $16.4M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0361% | 1h | 0.2009 | +0.146% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | +0.199% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2015 | +0.444% | $27K | $36K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET