Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.032%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$890.890% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.032%, 7d avg +0.039%
Together, before fees−0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPERUSDT0.075340.0100pay 0.0050% / 4h8m 54s$2.0M$2.2M50x
ShortHyperliquid HYPER0.075360.0100get 0.0013% / 1h8m 54s$71K$129K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.032% → +0.039%
−$0.7
Slippage, 4 orders
−$70.03
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$89.73
Costs to cover
0.890%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago1.33 bp24.1 bp −$24128.5 bp −$1,285doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.60 bp19.6 bp −$20doesn't fitdoesn't fitdoesn't fit

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin HYPER-USDT+0.0067%4h0.07532−0.027%$193K$21K50xas long as short
KuCoin HYPERUSDTM+0.0092%4h0.075340.000%$105K$85K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07536+0.032%$71K$129K3x
Aster HYPERUSDT+0.0100%4h0.07543+0.117%$21K$4K5xas long as short
Binance HYPERUSDTlong+0.0100%4h0.07534long leg$2.0M$2.2M50x
Bybit HYPERUSDT+0.0100%4h0.07532−0.027%$1.2M$802K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07530−0.053%$87K$42K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07530−0.053%$237K$132K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07531−0.040%$314K$279K50xas long as short
Variational Omni HYPER+0.0100%4h0.07534+0.001%$6K$1Kas long as short