Funding you earn now, next payment 03:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h −0.036%
Price spread now: Binance against Hyperliquid+0.032%7-day average −0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 7 days−0.260%−$26 on $10k
+Price spread, last 7 days−0.113%−$11 · spread now +0.032%, 7d avg −0.106%
=Together, before fees−0.374%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.138% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.106%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.7 days. At the pace of the last 7 days (−0.260% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9999 | 0.0100 | pay 0.0013% / 1h | 46m 04s | $8.6M | $9.5M | 5x |
| Short | Binance FILUSDT | 1.0003 | 0.0052 | get 0.0052% / 8h | 5h 46m | $57.9M | $177.4M | 75x |
Hyperliquid FIL
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$9.99
- Price spread: +0.032% → −0.106%
- $13.79
- Slippage, 4 orders
- −$20.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.44
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Binance: live order book, 12 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, 6 min ago | 1.49 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.50 bp | 10.1 bp −$10 | 16.9 bp −$169 | 49.2 bp −$4,916 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 0.9979 | −0.204% | $378K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0127% | 1h | 1.0004 | +0.050% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0065% | 8h | 0.9997 | −0.024% | $18.8M | $99.4M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0040% | 8h | 1.0001 | +0.016% | $7.4M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0007 | +0.074% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9983 | −0.162% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0016 | +0.166% | $172K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.444% | $2K | $240K | 12x | as long as short |
| Binance FILUSDTshort | +0.0052% | 8h | 1.0003 | +0.032% | $57.9M | $177.4M | 75x | |
| Extended FIL-USD | +0.0056% | 1h | 1.0006 | +0.061% | $701K | $3.3M | 10x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0083% | 8h | 1.0002 | +0.026% | $242K | $103K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9998 | −0.017% | $159K | $352K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9999 | long leg | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 1.0000 | +0.007% | $510K | $576K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9993 | −0.064% | $15.7M | $19.1M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0000 | +0.006% | $8.5M | $16.3M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9995 | −0.044% | $11.0M | $20.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9998 | −0.014% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0000 | +0.004% | $449K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0018 | +0.188% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0034 | +0.348% | $301K | $877K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0020 | +0.206% | $30K | $185K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0011 | +0.119% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0000 | +0.006% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0002 | +0.026% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0010 | +0.106% | $639K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9980 | −0.194% | $1.1M | $2.5M | 50x | as long as short |
| BloFin FIL-USDT | +0.0173% | 8h | 0.9986 | −0.134% | — | $635K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0007 | +0.078% | $267K | — | 100x | as long as short |
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
ApeX Omni FILUSDT
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]