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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0049%/8h= −5.3% APRpaid last 24h −0.005%
Price spread now: BloFin against Hyperliquid−0.121%7-day average −0.041% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.121%, 7d avg −0.041%
Together, before fees+0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.041%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HYPER0.074260.0100pay 0.0013% / 1h24m 56s$71K$120K3x
ShortBloFin HYPER-USDT0.074170.0051get 0.0026% / 4h1h 24m$189K$22K50x

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

Profit calculator

Funding earned
−$10.25
Price spread: −0.121% → −0.041%
−$7.99
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$39.24
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 44 min ago; BloFin: live order book, 50 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 44 min ago1.55 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 50 min ago1.34 bp18.0 bp −$1859.1 bp −$591doesn'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
KuCoin HYPERUSDTM−0.0142%4h0.07409−0.229%$127K$93K30xas long as short
Gate HYPER_USDT−0.0008%4h0.07420−0.081%$90K$46K50xas long as short
BloFin HYPER-USDTshort+0.0051%4h0.07417−0.121%$189K$22K50x
Hyperliquid HYPERlong+0.0100%1h0.07426long leg$71K$120K3x
Aster HYPERUSDT+0.0100%4h0.07426−0.001%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07427+0.009%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.074260.000%$1.2M$699K25xas long as short
MEXC HYPER_USDT+0.0100%4h0.074260.000%$255K$130K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.074260.000%$310K$259K50xas long as short
Variational Omni HYPER+0.0100%4h0.07425−0.019%$7K$1Kas long as short