Funding you earn now, next payment 04:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.036%
Price spread now: Hyperliquid against Binance−0.080%7-day average +0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days+0.260%+$26 on $10k
+Price spread, last 7 days+0.161%+$16 · spread now −0.080%, 7d avg +0.106%
=Together, before fees+0.422%+ Points / potential airdropHyperliquid: Season 2 · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.186% cheaper against Binance than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.106%). If the spread goes back, that is −$19 on $10k: about 29 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.260% in total) that is about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance FILUSDT | 1.0051 | 0.0079 | pay 0.0079% / 8h | 4h 54m | $58.4M | $181.0M | 75x |
| Short | Hyperliquid FIL | 1.0043 | 0.0100 | get 0.0013% / 1h | 54m 52s | $8.6M | $9.5M | 5x |
Binance FILUSDT
Hyperliquid FILFunding 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
- $4.5
- Price spread: −0.080% → +0.106%
- −$18.57
- Slippage, 4 orders
- −$16.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$49.38
- Costs to cover
- 0.353%
- Break-even
- 83.8 days
Slippage from Binance: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago | 0.50 bp | 8.1 bp −$8 | 14.3 bp −$143 | 47.5 bp −$4,753 | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.49 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0347% | 1h | 1.0044 | −0.070% | $173K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 1.0040 | −0.109% | $380K | $2.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0064% | 8h | 1.0050 | −0.010% | $18.9M | $103.1M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0010% | 8h | 1.0055 | +0.040% | $7.5M | $7.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0043 | −0.082% | $27K | — | 150x | as long as short |
| ApeX Omni FILUSDT | 0.0000% | 1h | 0.9980 | −0.706% | $30K | $182K | 50x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0047 | −0.038% | $59K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.950% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0043 | −0.082% | $1.4M | $2.3M | 50x | as long as short |
| Binance FILUSDTlong | +0.0079% | 8h | 1.0051 | long leg | $58.4M | $181.0M | 75x |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
ApeX Omni FILUSDT
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0080% | 1h | 1.0052 | +0.006% | $708K | $3.3M | 10x | as long as short |
| MEXC FIL_USDC | +0.0085% | 8h | 1.0048 | −0.030% | $244K | $102K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0036 | −0.149% | $158K | $354K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 1.0043 | −0.080% | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 1.0046 | −0.046% | $519K | $586K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0052 | +0.010% | $15.8M | $19.8M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0054 | +0.030% | $8.6M | $16.3M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0053 | +0.020% | $11.1M | $20.3M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0052 | +0.010% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0034 | −0.171% | $451K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9981 | −0.696% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0016 | −0.352% | $302K | $927K | 10x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0047 | −0.042% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0030 | −0.209% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0037 | −0.139% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0045 | −0.060% | $627K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0040 | −0.109% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0199% | 8h | 1.0038 | −0.129% | $2.8M | $652K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0575% / S −0.0237% | 1h | 1.0041 | −0.100% | $268K | — | 100x | as long as short |
Extended FIL-USD
MEXC FIL_USDC
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]