Funding you earn now, next payment 23:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.029%
Price spread now: BingX against Hyperliquid+0.011%7-day average −0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$390.395% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.011%, 7d avg −0.119%
=Together, before fees−0.229%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.130% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.119%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days. At the pace of the last 7 days (−0.190% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9959 | 0.0100 | pay 0.0013% / 1h | 1m 02s | $8.7M | $9.5M | 5x |
| Short | BingX FIL-USDC | 0.9960 | 0.0077 | get 0.0077% / 8h | 1h 01m | — | $6.5M | — |
Hyperliquid FIL
BingX FIL-USDCFunding 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
- −$4.87
- Price spread: +0.011% → −0.119%
- $13.02
- Slippage, 4 orders
- −$20.45
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$31.3
- Costs to cover
- 0.395%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; BingX: live order book, 14 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, 11 min ago | 1.31 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 1.01 bp | 10.4 bp −$10 | 26.6 bp −$266 | 173.2 bp −$17.3K | 641.4 bp −$320.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0689% | 1h | 0.9957 | −0.018% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9956 | −0.029% | $323K | $1.9M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0352% | 1h | 0.9959 | +0.001% | $171K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −1.043% | $2K | $240K | 12x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9954 | −0.051% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9956 | −0.033% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0011% | 8h | 0.9954 | −0.049% | $7.5M | $7.1M | 50x | as long as short |
| Bitget FILUSDT | +0.0014% | 8h | 0.9956 | −0.029% | $10.9M | $21.5M | 75x | as long as short |
| OKX FIL-USDT-SWAP | +0.0035% | 8h | 0.9957 | −0.019% | $18.2M | $99.0M | 50x | as long as short |
| Bybit FILUSDT | +0.0039% | 8h | 0.9960 | +0.011% | $15.5M | $18.1M | 25x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTM
Bitget FILUSDT
OKX FIL-USDT-SWAP
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0071% | 8h | 0.9949 | −0.099% | $253K | $106K | 50x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 0.9959 | −0.003% | $692K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0075% | 8h | 0.9961 | +0.021% | $57.7M | $176.4M | 75x | as long as short |
| BingX FIL-USDCshort | +0.0077% | 8h | 0.9960 | +0.011% | — | $6.5M | — | |
| Lighter FIL | +0.0096% | 1h | 0.9947 | −0.125% | $159K | $349K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9959 | long leg | $8.7M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9958 | −0.011% | $500K | $526K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9960 | +0.011% | $8.0M | $16.3M | 50x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9931 | −0.279% | $442K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9942 | −0.169% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9938 | −0.205% | $289K | $790K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9940 | −0.190% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9964 | +0.053% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9950 | −0.089% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9954 | −0.049% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9956 | −0.029% | $631K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9950 | −0.089% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0195% | 8h | 0.9947 | −0.119% | $2.7M | $662K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0602% / S −0.0709% | 1h | 0.9953 | −0.059% | $208K | — | 100x | as long as short |
MEXC FIL_USDC
Extended FIL-USD
Binance FILUSDT
Lighter FIL
Aster FILUSDT
Gate 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]