Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.042%
Price spread now: Hyperliquid against Binance+0.109%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.109%, 7d avg +0.076%
=Together, before fees+0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.033% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.076%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HBARUSDT | 0.09192 | 0.0052 | pay 0.0052% / 8h | 2h 40m | $34.6M | $110.5M | 75x |
| Short | Hyperliquid HBAR | 0.09202 | 0.0100 | get 0.0013% / 1h | 40m 31s | $8.8M | $2.9M | 5x |
Binance HBARUSDT
Hyperliquid HBARFunding 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
- $10.18
- Price spread: +0.109% → +0.076%
- $3.26
- Slippage, 4 orders
- −$15.82
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.38
- Costs to cover
- 0.348%
- Break-even
- 21.7 days
Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 2 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, 2 min ago | 0.54 bp | 7.9 bp −$8 | 16.0 bp −$160 | 62.1 bp −$6,209 | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.11 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0036% | 8h | 0.09188 | −0.044% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0034% | 8h | 0.09191 | −0.011% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09203 | +0.120% | $507K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09200 | +0.089% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0043% | 1h | 0.09197 | +0.054% | $31K | $101K | 15x | as long as short |
| Variational Omni HBAR | +0.0046% | 8h | 0.09187 | −0.059% | $1.0M | $198K | — | as long as short |
| Extended HBAR-USD | +0.0048% | 1h | 0.09190 | −0.018% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0051% | 8h | 0.09190 | −0.022% | $24.1M | $22.7M | 200x | as long as short |
| Binance HBARUSDTlong | +0.0052% | 8h | 0.09192 | long leg | $34.6M | $110.5M | 75x | |
| ApeX Omni HBARUSDT | +0.0060% | 1h | 0.09182 | −0.109% | $147K | $705K | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
Extended HBAR-USD
MEXC HBAR_USDT
ApeX Omni HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09199 | +0.076% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09195 | +0.033% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09191 | −0.011% | $564K | $590K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09202 | +0.109% | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09187 | −0.057% | $215K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09194 | +0.022% | $32.9M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09195 | +0.033% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09196 | +0.044% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09193 | +0.011% | — | $5.8M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09178 | −0.154% | $373K | $2.1M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09193 | +0.011% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09205 | +0.141% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09195 | +0.033% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09187 | −0.054% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.207% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0383% | 1h | 0.09204 | +0.125% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0366% | 1h | 0.09200 | +0.083% | $112K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2823% | 1h | 0.09200 | +0.091% | $30K | $4K | 5x | as long as short |
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD