Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget+0.080%85s7-day average −0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as 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−$970.974% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.080%, 7d avg −0.088%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.168% dearer against Bitget than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.088%. The two prices were read 85 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 | Bitget HYPERUSDT | 0.07523 | 0.0100 | pay 0.0050% / 4h | 57m 43s | $313K | $283K | 50x |
| Short | BloFin HYPER-USDT | 0.07529 | 0.0124 | get 0.0062% / 4h | 57m 43s | $195K | $21K | 50x |
Bitget HYPERUSDT
BloFin HYPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $5.13
- Price spread: +0.080% → −0.088%
- $16.76
- Slippage, 4 orders
- −$73.45
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$75.56
- Costs to cover
- 0.974%
- Break-even
- 110.1 days
Slippage from Bitget: live order book, 57 min ago; BloFin: live order book, 40 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 Bitget live order book, 57 min ago | 8.62 bp | 26.2 bp −$26 | 149.2 bp −$1,492 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 40 min ago | 1.99 bp | 24.6 bp −$25 | 70.7 bp −$707 | doesn't fit | doesn't fit |
HYPER on 10 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 HYPERUSDTM | −0.0090% | 4h | 0.07515 | −0.106% | $106K | $89K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07519 | −0.058% | $71K | $135K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07520 | −0.040% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07514 | −0.121% | $2.0M | $2.3M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07520 | −0.040% | $1.2M | $822K | 25x | as long as short |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07530 | +0.093% | $87K | $42K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07519 | −0.053% | $237K | $129K | 20x | as long as short |
| Bitget HYPERUSDTlong | +0.0100% | 4h | 0.07523 | long leg | $313K | $283K | 50x | |
| Variational Omni HYPER | +0.0100% | 4h | 0.07527 | +0.059% | $6K | $1K | — | as long as short |
| BloFin HYPER-USDTshort | +0.0124% | 4h | 0.07529 | +0.080% | $195K | $21K | 50x |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
Variational Omni HYPER