Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.011%
Price spread now: BloFin against Hyperliquid+0.126%47s7-day average −0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as 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−$400.403% of the position
Funding, last 7 days−0.035%−$4 on $10k
+Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.126%, 7d avg −0.132%
=Together, before fees−0.365%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 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 0.258% dearer against Hyperliquid than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.132%. The two prices were read 47 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 FIL | 0.9900 | 0.0100 | pay 0.0013% / 1h | 42m 25s | $8.3M | $9.4M | 5x |
| Short | BloFin FIL-USDT | 0.9913 | 0.0220 | get 0.0220% / 8h | 2h 42m | $2.7M | $703K | 75x |
Hyperliquid FIL
BloFin FIL-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: +0.126% → −0.132%
- $25.79
- Slippage, 4 orders
- −$19.35
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $10.64
- Costs to cover
- 0.403%
- Break-even
- 4.0 days
Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 6 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, 10 min ago | 0.05 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.50 bp | 10.7 bp −$11 | 17.5 bp −$175 | 40.4 bp −$4,040 | 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 | −0.0859% | 1h | 0.9907 | +0.066% | $170K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 0.9958 | +0.581% | $351K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9905 | +0.045% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9915 | +0.148% | $58K | $1K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0016% | 8h | 0.9903 | +0.025% | $17.9M | $107.2M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.460% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | +0.0036% | 8h | 0.9902 | +0.015% | $7.2M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9910 | +0.094% | $145K | $376K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9900 | long leg | $8.3M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9905 | +0.044% | $505K | $613K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Injective FIL/USDC PERP
KuCoin FILUSDTM
Lighter FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9899 | −0.015% | $56.2M | $185.8M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9900 | −0.005% | $15.7M | $20.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9903 | +0.025% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9900 | −0.005% | $233K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9898 | −0.025% | $11.1M | $20.0M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9902 | +0.015% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9913 | +0.124% | $448K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9937 | +0.373% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9911 | +0.107% | $294K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9920 | +0.197% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9911 | +0.105% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | −0.106% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9903 | +0.025% | $481 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9915 | +0.146% | $616K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.005% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9898 | −0.021% | $696K | $1.4M | 10x | as long as short |
| BloFin FIL-USDTshort | +0.0220% | 8h | 0.9913 | +0.126% | $2.7M | $703K | 75x | |
| Kraken Futures PF_FILUSD | +0.0251% | 1h | 0.9908 | +0.081% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0593% / S −0.0270% | 1h | 0.9904 | +0.034% | $264K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
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
Extended FIL-USD
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]