Funding you earn now, next payment 03:00 UTC+0.0499%/8h= +54.6% APRpaid last 24h +0.021%
Price spread now: Hyperliquid against BloFin+0.193%87s7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as 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−$370.368% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.193%, 7d avg +0.081%
=Together, before fees−0.175%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.112% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.081%. Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour. The two prices were read 87 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 -0.160% in total (about -8.3% 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 LINK-USDT | 12.975 | 0.0220 | pay 0.0220% / 8h | 5h 45m | — | $15.8M | 75x |
| Short | Hyperliquid LINK | 13.000 | 0.0719 | get 0.0090% / 1h | 45m 40s | $81.6M | $26.6M | 10x |
BloFin LINK-USDT
Hyperliquid LINKFunding 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
- $104.7
- Price spread: +0.193% → +0.081%
- $11.16
- Slippage, 4 orders
- −$15.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $79.06
- Costs to cover
- 0.368%
- Break-even
- 1.7 days
Slippage from BloFin: live order book, 63 min ago; Hyperliquid: live order book, 8 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, 63 min ago | 5.38 bp | 12.7 bp −$13 | 15.6 bp −$156 | 30.2 bp −$3,016 | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.38 bp | 5.7 bp −$6 | 12.0 bp −$120 | doesn't fit | doesn't fit |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0090% / S +0.0167% | 1h | 12.979 | +0.029% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.980 | +0.040% | $479K | $2.2M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0009% | 1h | 12.979 | +0.031% | $159K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −4.432% | $4K | $48K | 12x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0064% | 1h | 12.973 | −0.015% | $936K | $2.6M | 50x | as long as short |
| Orderly PERP_LINK_USDC | +0.0067% | 8h | 12.977 | +0.015% | $117K | $1.5M | 20x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.989 | +0.110% | $1.9M | $2.8M | 10x | as long as short |
| Phoenix LINK | +0.0098% | 1h | 13.000 | +0.192% | $3K | $84K | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.001 | +0.200% | $31K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 12.971 | −0.033% | $394K | $316K | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Coinbase International LINK-PERP-INTX
Orderly PERP_LINK_USDC
Lighter LINK
Phoenix LINK
Paradex LINK-USD-PERP
Nado LINK-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster LINKUSDT | +0.0100% | 8h | 12.980 | +0.037% | $1.3M | $2.3M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 12.992 | +0.128% | $274K | $168K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.994 | +0.145% | $119.7M | $296.3M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.993 | +0.139% | $84.0M | $71.2M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.999 | +0.185% | $27.4M | $82.2M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.016 | +0.316% | $182K | $165K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.998 | +0.177% | $128.3M | $12.6M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.995 | +0.154% | $32.0M | $56.8M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.999 | +0.185% | $23.0M | $13.5M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.002 | +0.208% | $54.1M | $29.9M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 13.003 | +0.216% | — | $6.6M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 12.986 | +0.085% | $339K | $378K | 15x | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.971 | −0.029% | $3.4M | $1.6M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.986 | +0.086% | $43K | $306K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 13.043 | +0.523% | $593K | $2.6M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.990 | +0.116% | $133K | $671K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.984 | +0.069% | $80K | $70K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 12.980 | +0.041% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.994 | +0.144% | $34K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 12.978 | +0.023% | $5K | $45K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 12.949 | −0.198% | $639K | $685K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.001 | +0.202% | $703K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.983 | +0.062% | $544K | $2K | 3x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0220% | 1h | 12.988 | +0.100% | $771K | $193K | 50x | as long as short |
| BloFin LINK-USDTlong | +0.0220% | 8h | 12.975 | long leg | — | $15.8M | 75x | |
| dYdX LINK-USD | +0.0376% | 1h | 12.993 | +0.138% | $344K | $30K | 10x | as long as short |
| Reya LINKRUSDPERP | +0.0386% | 1h | 12.975 | +0.004% | $4K | — | 20x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0555% | 1h | 12.981 | +0.045% | $6.8M | $8.0M | 50x | as long as short |
| Phemex LINKUSDT | +0.0603% | 8h | 12.993 | +0.139% | $20.0M | $11.6M | 50x | as long as short |
| Hyperliquid LINKshort | +0.0719% | 1h | 13.000 | +0.193% | $81.6M | $26.6M | 10x |
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Backpack LINK_USDC_PERP
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Deribit LINK_USDC-PERPETUAL
dYdX LINK-USD
Reya LINKRUSDPERP
Kraken Futures PF_LINKUSD
Phemex LINKUSDT