Funding you earn now, next payment 01:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h −0.053%
Price spread now: BloFin against Hyperliquid−0.137%47s7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as 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−$720.723% of the position
Funding, last 7 days−0.447%−$45 on $10k
+Price spread, last 3 days (all we have)+0.389%+$39 · spread now −0.137%, 7d avg −0.079%
=Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and BloFin is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.079%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.447% in total (about -23.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HEMI | 0.006574 | 0.0916 | pay 0.0114% / 1h | 18m 36s | $1.1M | $331K | 3x |
| Short | BloFin HEMI-USDT | 0.006565 | 0.0087 | get 0.0044% / 4h | 3h 18m | $358K | $62K | 20x |
Hyperliquid HEMI
BloFin HEMI-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
- −$173.94
- Price spread: −0.137% → −0.079%
- −$5.75
- Slippage, 4 orders
- −$51.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$252
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; BloFin: live order book, 51 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, 2 min ago | 0.76 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 51 min ago | 2.32 bp | 21.5 bp −$21 | 56.2 bp −$562 | doesn't fit | doesn't fit |
HEMI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDTshort | +0.0087% | 4h | 0.006565 | −0.137% | $358K | $62K | 20x | |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006548 | −0.400% | $76K | $38K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006554 | −0.306% | $6.5M | $10.6M | 20x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006547 | −0.411% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006558 | −0.243% | $490K | $258K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006554 | −0.304% | $1.7M | $290K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006558 | −0.243% | $848K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006554 | −0.304% | — | $1.3M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006564 | −0.153% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006713 | +2.114% | $1K | $1.1M | 20x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
Bybit HEMIUSDT
Gate HEMI_USDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HEMI-USD | +0.0104% | 1h | 0.006551 | −0.344% | $17K | $116 | 5x | as long as short |
| Hyperliquid HEMIlong | +0.0916% | 1h | 0.006574 | long leg | $1.1M | $331K | 3x |
Extended HEMI-USD