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

IO

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BloFinIO-USDT
0.1194+0.0072pay 0.0036% / 4h8m 20s$149K$23K50xLong BloFin
SHORT
HyperliquidIO
0.1193+0.0100get 0.0013% / 1h8m 20s$528K$221K3xShort Hyperliquid4% off
Price gap−0.080%
Funding gap+0.0028% /8h

Funding pays +$1 a day on $10k, but the gap is 0.068% under its 7d average: −$7 if it goes back, about 8.2 days of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$52+0.0028% /8h now · paid −0.525% over the last 7D
Price−$7spread −0.080% now, avg −0.012% → −0.068% if it goes back
Costs−$1081.083% of $10k · taker + slippage, in and out
Result−$168−1.68%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.080%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

IO on 12 exchanges

lowest funding first

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size33.7 / 24.7 bp
    At $10k entering BloFin costs 33.7 bp, fee and slippage, 1.4× Hyperliquid’s.
  • Note: Margin at max leverage$200 + $3,333
    BloFin 50x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.83Long BloFin: 6 payments, −$2.17; short Hyperliquid: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.080% vs −0.012%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$149K vs $528K OI
    BloFin sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCBloFin Limited · Hyperliquid No
    No ID to trade futures, with no leverage limit, but withdrawals are capped at 20,000 USDT a day until you verify.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0250%/8h × 21 periods−$52.48
Price spread−0.080% → −0.012% (7d avg)−$6.80
Slippage, 4 orderslive order books−$87.26
Fee BloFin bp × 2 orders−$12.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$167.54
Costs to cover1.083%Break-evennever at this rate
Slippage: BloFin: live order book, 27 min ago; Hyperliquid: live order book, 42 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBloFin8.4833.7 bp−$34137.2 bp−$1,372doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.9824.7 bp−$25doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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