Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.036%
Price spread now: BloFin against Hyperliquid+0.080%87s7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as 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−$480.482% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 3 days (all we have)−0.294%−$29 · spread now +0.080%, 7d avg −0.001%
=Together, before fees−0.241%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.081% dearer against Hyperliquid than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 87 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 FET | 0.2003 | 0.0100 | pay 0.0013% / 1h | 49m 52s | $8.8M | $7.8M | 5x |
| Short | BloFin FET-USDT | 0.2005 | 0.0220 | get 0.0220% / 8h | 1h 49m | $1.7M | $2.6M | 100x |
Hyperliquid FET
BloFin FET-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
- $25.2
- Price spread: +0.080% → −0.001%
- $8.12
- Slippage, 4 orders
- −$27.17
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$14.85
- Costs to cover
- 0.482%
- Break-even
- 11.1 days
Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 3 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, 3 min ago | 0.75 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 7.48 bp | 14.1 bp −$14 | 23.3 bp −$233 | 114.3 bp −$11.4K | 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 | −0.4225% | 1h | 0.2002 | −0.070% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2019 | +0.779% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2005 | +0.063% | $31K | — | 150x | as long as short |
| Gate FET_USDT | +0.0025% | 8h | 0.2001 | −0.120% | $2.7M | $11.8M | 50x | as long as short |
| Hyperliquid FETlong | +0.0100% | 1h | 0.2003 | long leg | $8.8M | $7.8M | 5x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2003 | −0.010% | $339K | $533K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2002 | −0.078% | $31.3M | $107.2M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2001 | −0.120% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2001 | −0.120% | $10.3M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2006 | +0.146% | $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 | −0.120% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2002 | −0.090% | $33K | $189K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0137% | 4h | 0.2003 | −0.020% | $851K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0200% / S −0.0278% | 1h | 0.2003 | −0.038% | $13K | — | 100x | as long as short |
| BloFin FET-USDTshort | +0.0220% | 8h | 0.2005 | +0.080% | $1.7M | $2.6M | 100x | |
| BingX FET-USDT | +0.0263% | 8h | 0.2003 | −0.020% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0284% | 8h | 0.2004 | +0.030% | $16.3M | $11.3M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0361% | 1h | 0.2005 | +0.069% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | +0.329% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2015 | +0.574% | $27K | $36K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET