Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.7310 | −0.0019 | get 0.0002% / 1h | 59m 30s | $99.4M | $93.8M | 5x | Long Hyperliquid4% off | |
| SHORT | 2.7297 | +0.0100 | get 0.0050% / 4h | 2h 59m | $970K | $5.3M | — | Short BingX |
Price gap−0.048%
Funding gap+0.0119% /8h
Funding trade: +$4 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$4+0.0119% /8h now · paid +0.035% over the last 7D
Price$0spread −0.048% now, avg −0.049% → +0.001% if it goes back
Costs−$560.562% of $10k · taker + slippage, in and out
Result−$53−0.53%+ 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−0.048%
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 · 4 to watch- Watch: Thin at this size12.4 / 17.6 bpAt $10k entering BingX costs 17.6 bp, fee and slippage, 1.4× Hyperliquid’s.
- Note: Margin at max leverage$2,000 + —Hyperliquid 5x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.58Long Hyperliquid: 24 payments, +$0.58; short BingX: 6 payments, +$3.00.
- Note: Gap at its usual level−0.048% vs −0.049%The price leg adds little either way.
- Watch: Short leg is thinner$970K vs $99.4M OIBingX sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · BingX YesAdvanced 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−0.048% → −0.049% (7d avg)+$0.12
Slippage, 4 orderslive order books−$37.24
Fee Hyperliquid bp × 2 orders−$9.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$52.61
Costs to cover0.562%Break-even111.9 days
Slippage: Hyperliquid: live order book, 3 min ago; BingX: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.1812.4 bp−$1225.8 bp−$258136.0 bp−$13.6Kdoesn’t fit
SELL · SHORTBingX1.4617.6 bp−$1860.1 bp−$601163.3 bp−$16.3Kdoesn’t fit
Closing costs about the same again.
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