Funding you earn now, next payment 23:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h −0.072%
Price spread now: BingX against Hyperliquid−0.025%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.025%, 7d avg −0.089%
=Together, before fees−0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.065% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.089%. Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2004 | 0.0100 | pay 0.0013% / 1h | 50m 03s | $8.8M | $7.8M | 5x |
| Short | BingX FET-USDT | 0.2003 | 0.0263 | get 0.0263% / 8h | 1h 50m | — | $5.6M | — |
Hyperliquid FET
BingX FET-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $34.23
- Price spread: −0.025% → −0.089%
- $6.45
- Slippage, 4 orders
- −$25.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$4.23
- Costs to cover
- 0.449%
- Break-even
- 7.9 days
Slippage from Hyperliquid: live order book, 2 min ago; BingX: live order book, 15 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 Hyperliquid live order book, 2 min ago | 0.75 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 5.01 bp | 14.3 bp −$14 | 19.0 bp −$190 | 80.4 bp −$8,036 | 309.6 bp −$154.8K |
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 | −0.4225% | 1h | 0.2002 | −0.075% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2019 | +0.774% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2005 | +0.058% | $31K | — | 150x | as long as short |
| Gate FET_USDT | +0.0025% | 8h | 0.2000 | −0.175% | $2.7M | $11.8M | 50x | as long as short |
| Hyperliquid FETlong | +0.0100% | 1h | 0.2004 | long leg | $8.8M | $7.8M | 5x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2003 | −0.044% | $339K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2002 | −0.079% | $31.3M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2001 | −0.125% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2001 | −0.125% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2006 | +0.141% | $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 | 0.2001 | −0.125% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2002 | −0.095% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0137% | 4h | 0.2003 | −0.025% | $851K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.2003 | −0.043% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2005 | +0.075% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDTshort | +0.0263% | 8h | 0.2003 | −0.025% | — | $5.6M | — | |
| Bitget FETUSDT | +0.0284% | 8h | 0.2004 | +0.025% | $16.3M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0361% | 1h | 0.2005 | +0.064% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | +0.324% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2015 | +0.569% | $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