Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.007%7-day average −0.044% · 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)−0.047%−$5 · spread now −0.007%, 7d avg −0.044%
=Together, before fees−0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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: Bitget is 0.037% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08149 | 0.0100 | pay 0.0013% / 1h | 24m 59s | $296K | $233K | 3x |
| Short | Bitget INITUSDT | 0.08148 | 0.0100 | get 0.0050% / 4h | 1h 24m | $425K | $310K | 25x |
Hyperliquid INIT
Bitget INITUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. 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: −0.007% → −0.044%
- $3.68
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$17.32
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 45 min ago; Bitget: live order book, 51 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 Hyperliquid live order book, 45 min ago | 1.23 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 6.73 bp | 43.7 bp −$44 | 259.9 bp −$2,599 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INITlong | +0.0100% | 1h | 0.08149 | long leg | $296K | $233K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08142 | −0.081% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08157 | +0.108% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08139 | −0.118% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08154 | +0.066% | $133K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08141 | −0.093% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08156 | +0.091% | $452K | $218K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08144 | −0.056% | $324K | $54K | 25x | as long as short |
| Bitget INITUSDTshort | +0.0100% | 4h | 0.08148 | −0.007% | $425K | $310K | 25x | |
| BingX INIT-USDT | +0.0100% | 4h | 0.08140 | −0.106% | — | $6.6M | — | as long as short |
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08133 | −0.186% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0128% | 4h | 0.08150 | +0.017% | $153K | $109K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0386% | 1h | 0.08157 | +0.107% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD