Funding you earn now, next payment 05:00 UTC+0.0451%/8h= +49.4% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against BloFin−0.115%87s7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$570.568% of the position
Funding, last 7 days−0.041%−$4 on $10k
+Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.115%, 7d avg +0.017%
=Together, before fees+0.289%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.132% cheaper against BloFin than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.017%). If the spread goes back, that is −$13 on $10k: about 23 hours of funding at the current rate (+$14 a day). The two prices were read 87 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 -0.041% in total (about -2.1% 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 | BloFin FET-USDT | 0.1997 | 0.0220 | pay 0.0220% / 8h | 3h 33m | $1.7M | $3.1M | 100x |
| Short | Hyperliquid FET | 0.1995 | 0.0671 | get 0.0084% / 1h | 33m 45s | $8.6M | $8.4M | 5x |
BloFin FET-USDT
Hyperliquid FETFunding 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
- $94.65
- Price spread: −0.115% → +0.017%
- −$13.21
- Slippage, 4 orders
- −$35.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $24.62
- Costs to cover
- 0.568%
- Break-even
- 5.2 days
Slippage from BloFin: live order book, 4 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, 4 min ago | 7.52 bp | 19.8 bp −$20 | 34.3 bp −$343 | 165.3 bp −$16.5K | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.00 bp | 11.4 bp −$11 | 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 | −0.4743% | 1h | 0.1993 | −0.200% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.1993 | −0.200% | $147K | $256K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0367% | 1h | 0.1997 | −0.005% | $976K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0011% | 1h | 0.1993 | −0.180% | $33K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.651% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1992 | −0.232% | $192K | $807K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1994 | −0.150% | $30.4M | $113.9M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1992 | −0.250% | $2.7M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1994 | −0.150% | $30.2M | $24.7M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1994 | −0.150% | $10.4M | $18.7M | 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
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
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 | 0.1993 | −0.193% | $273K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1993 | −0.200% | $37K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.1994 | −0.173% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.1992 | −0.253% | $13K | — | 100x | as long as short |
| BloFin FET-USDTlong | +0.0220% | 8h | 0.1997 | long leg | $1.7M | $3.1M | 100x | |
| BingX FET-USDT | +0.0244% | 8h | 0.1994 | −0.150% | — | $5.9M | — | as long as short |
| Bitget FETUSDT | +0.0259% | 8h | 0.1995 | −0.100% | $16.2M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0351% | 4h | 0.1996 | −0.050% | $1.0M | $8.1M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.1994 | −0.170% | $35K | $38K | 5x | as long as short |
| Hyperliquid FETshort | +0.0671% | 1h | 0.1995 | −0.115% | $8.6M | $8.4M | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET