Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.7324 | +0.0100 | pay 0.0050% / 4h | 3h 53m | $970K | $5.2M | — | Long BingX | |
| SHORT | 2.7285 | −0.0028 | pay 0.0004% / 1h | 53m 26s | $102.5M | $87.7M | 5x | Short Hyperliquid4% off |
Price gap−0.143%
Funding gap−0.0128% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.192% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$4−0.0128% /8h now · paid −0.035% over the last 7D
Price−$19spread −0.143% now, avg +0.049% → −0.192% if it goes back
Costs−$460.456% of $10k · taker + slippage, in and out
Result−$68−0.68%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.143%
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
/8hLIT on 46 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size16.4 / 6.1 bpAt $10k entering BingX costs 16.4 bp, fee and slippage, 2.7× Hyperliquid’s.
- Note: Margin at max leverage— + $2,000BingX —, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.85Long BingX: 6 payments, −$3.00; short Hyperliquid: 24 payments, −$0.85.
- Watch: Gap narrower than usual−0.143% vs +0.049%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$970K vs $102.5M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCBingX Yes · Hyperliquid NoAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0017%/8h × 21 periods−$3.51
Price spread−0.143% → +0.049% (7d avg)−$19.17
Slippage, 4 orderslive order books−$26.56
Fee BingX bp × 2 orders−$10.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$68.24
Costs to cover0.456%Break-evennever at this rate
Slippage: BingX: live order book, 12 min ago; Hyperliquid: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX3.6516.4 bp−$1644.2 bp−$442162.0 bp−$16.2Kdoesn’t fit
SELL · SHORTHyperliquid0.186.1 bp−$627.7 bp−$27784.1 bp−$8,410doesn’t fit
Closing costs about the same again.
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