Funding you earn now, next payment 23:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.071%
Price spread now: Hyperliquid against BloFin+0.374%47s7-day average +0.265% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as 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−$990.992% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.374%, 7d avg +0.265%
=Together, before fees−0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.109% dearer against BloFin than usual: you sell high and buy low (spread +0.374% now, against its 7-day average of +0.265%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.099% in total) that is about 7.7 days. 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 -0.099% in total (about -5.1% 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 | BloFin IMX-USDT | 0.1498 | 0.0340 | pay 0.0170% / 4h | 1h 44m | $192K | $146K | 75x |
| Short | Hyperliquid IMX | 0.1504 | 0.0100 | get 0.0013% / 1h | 44m 13s | $3.4M | $281K | 5x |
BloFin IMX-USDT
Hyperliquid IMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- −$50.4
- Price spread: +0.374% → +0.265%
- $10.88
- Slippage, 4 orders
- −$78.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$138.68
- Costs to cover
- 0.992%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 31 min ago; Hyperliquid: live order book, 7 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 BloFin live order book, 31 min ago | 3.32 bp | 22.3 bp −$22 | 44.5 bp −$445 | 362.1 bp −$36.2K | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.33 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
IMX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) IMX/USD | L −0.0002% / S +0.0004% | 1h | 0.1501 | +0.183% | $6K | — | 150x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +1.135% | $559 | $28K | 5.5x | as long as short |
| Kraken Futures PF_IMXUSD | +0.0040% | 1h | 0.1505 | +0.456% | $114K | $22K | 20x | as long as short |
| Hyperliquid IMXshort | +0.0100% | 1h | 0.1504 | +0.374% | $3.4M | $281K | 5x | |
| Binance IMXUSDT | +0.0100% | 4h | 0.1499 | +0.070% | $3.7M | $5.9M | 75x | as long as short |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1498 | 0.000% | $3.8M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1499 | +0.067% | $943K | $1.7M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1499 | +0.067% | $647K | $140K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1502 | +0.267% | $2.6M | $550K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1502 | +0.267% | $391K | $121K | 50x | as long as short |
gTrade (Gains Network) IMX/USD
Injective IMX/USDC PERP
Kraken Futures PF_IMXUSD
Binance IMXUSDT
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
KuCoin IMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IMXUSDT | +0.0100% | 4h | 0.1500 | +0.134% | $1.3M | $415K | 75x | as long as short |
| BingX IMX-USDT | +0.0100% | 4h | 0.1500 | +0.134% | — | $2.9M | — | as long as short |
| Variational Omni IMX | +0.0100% | 4h | 0.1496 | −0.110% | $94K | $131K | — | as long as short |
| BloFin IMX-USDTlong | +0.0340% | 4h | 0.1498 | long leg | $192K | $146K | 75x | |
| dYdX IMX-USD | +0.4757% | 1h | 0.1501 | +0.189% | $26K | $59 | 5x | as long as short |
Bitget IMXUSDT
BingX IMX-USDT
Variational Omni IMX
dYdX IMX-USD