Funding you earn now, next payment 04:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.021%
Price spread now: Binance against Hyperliquid−0.164%7-day average −0.125% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.164%, 7d avg −0.125%
=Together, before fees+0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.039% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% 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 | Hyperliquid MANTA | 0.07138 | 0.0372 | pay 0.0046% / 1h | 55m 38s | $477K | $234K | 3x |
| Short | Binance MANTAUSDT | 0.07126 | 0.0100 | get 0.0050% / 4h | 55m 38s | $5.6M | $4.5M | 50x |
Hyperliquid MANTA
Binance MANTAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$57.09
- Price spread: −0.164% → −0.125%
- −$3.93
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$80.02
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 44 min ago; Binance: live order book, 12 min ago. Net counts fees only.
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, 44 min ago | 0.70 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.40 bp | 28.9 bp −$29 | 101.4 bp −$1,014 | doesn't fit | doesn't fit |
MANTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MANTA/USDC PERP | −0.3997% | 1h | 0.07031 | −1.499% | $2K | $40K | 5.5x | as long as short |
| BloFin MANTA-USDT | +0.0052% | 4h | 0.07117 | −0.294% | $327K | $23K | 50x | as long as short |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07125 | −0.187% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDTshort | +0.0100% | 4h | 0.07126 | −0.164% | $5.6M | $4.5M | 50x | |
| Bybit MANTAUSDT | +0.0100% | 4h | 0.07125 | −0.182% | $3.3M | $813K | 25x | as long as short |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07120 | −0.252% | $218K | $129K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07125 | −0.182% | $13.7M | $602K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07114 | −0.336% | $237K | $53K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07128 | −0.143% | $17K | $3K | — | as long as short |
| Bitget MANTAUSDT | +0.0260% | 4h | 0.07134 | −0.056% | $3.2M | $396K | 50x | as long as short |
Injective MANTA/USDC PERP
BloFin MANTA-USDT
Aster MANTAUSDT
Bybit MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
Bitget MANTAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MANTA-USDT | +0.0268% | 4h | 0.07126 | −0.168% | — | $1.5M | — | as long as short |
| Hyperliquid MANTAlong | +0.0372% | 1h | 0.07138 | long leg | $477K | $234K | 3x |
BingX MANTA-USDT