Funding you earn now, next payment 22:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.007%
Price spread now: BloFin against Hyperliquid−0.122%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$480.477% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.122%, 7d avg −0.065%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4353 | 0.0100 | pay 0.0013% / 1h | 14m 59s | $12.1M | $3.7M | 5x |
| Short | BloFin LDO-USDT | 0.4348 | 0.0085 | get 0.0085% / 8h | 2h 14m | $795K | $230K | 75x |
Hyperliquid LDO
BloFin LDO-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.15
- Price spread: −0.122% → −0.065%
- −$5.72
- Slippage, 4 orders
- −$26.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$56.61
- Costs to cover
- 0.477%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: 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 Hyperliquid live order book, 8 min ago | 1.60 bp | 11.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 6.88 bp | 12.9 bp −$13 | 19.0 bp −$190 | 61.1 bp −$6,107 | doesn't fit |
LDO on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0688% | 1h | 0.4290 | −1.454% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0327% | 1h | 0.4352 | −0.034% | $1.1M | $556K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.0210% | 1h | 0.4349 | −0.099% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0017% | 1h | 0.4359 | +0.128% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.913% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDTshort | +0.0085% | 8h | 0.4348 | −0.122% | $795K | $230K | 75x | |
| Lighter LDO | +0.0096% | 1h | 0.4363 | +0.232% | $885K | $266K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4350 | −0.075% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDOlong | +0.0100% | 1h | 0.4353 | long leg | $12.1M | $3.7M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4351 | −0.042% | $171K | $144K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Lighter LDO
Paradex LDO-USD-PERP
Aster LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4353 | −0.018% | $112K | $182K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4351 | −0.053% | $18.1M | $38.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4352 | −0.030% | $16.9M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4347 | −0.145% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4353 | −0.007% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4350 | −0.076% | $8.7M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4351 | −0.053% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4352 | −0.030% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4350 | −0.076% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4349 | −0.094% | $86K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4352 | −0.023% | $203K | $88K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4355 | +0.040% | $310K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4360 | +0.154% | $35K | $649K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4351 | −0.046% | $22K | $739K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4450 | +2.221% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4348 | −0.119% | $262K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4350 | −0.074% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4350 | −0.078% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0333% | 1h | 0.4347 | −0.137% | $303K | — | 15x | as long as short |
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP