Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance−0.140%7-day average −0.006% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.140%, 7d avg −0.006%
=Together, before fees+0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.134% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08283 | 0.0100 | pay 0.0050% / 4h | 58m 41s | $3.4M | $3.7M | 25x |
| Short | Hyperliquid INIT | 0.08271 | 0.0100 | get 0.0013% / 1h | 58m 41s | $305K | $230K | 3x |
Binance INITUSDT
Hyperliquid INITFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.140% → −0.006%
- −$13.38
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.38
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Hyperliquid: live order book, 31 min ago. Net counts fees only.
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 Binance live order book, 8 min ago | 3.64 bp | 41.1 bp −$41 | 114.7 bp −$1,147 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 31 min ago | 8.35 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5686% | 1h | 0.08205 | −0.938% | $3K | $19K | 10x | as long as short |
| BloFin INIT-USDT | +0.0063% | 4h | 0.08257 | −0.314% | $153K | $112K | 25x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08271 | −0.140% | $305K | $230K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08270 | −0.161% | $27K | $39K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08283 | long leg | $3.4M | $3.7M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08268 | −0.181% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08293 | +0.121% | $137K | $663K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08255 | −0.338% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08283 | 0.000% | $449K | $209K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08273 | −0.121% | $326K | $56K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08285 | +0.024% | $430K | $308K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08276 | −0.085% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08219 | −0.769% | $26K | $23K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT