Funding you earn now, next payment 23:00 UTC−0.0498%/8h= −54.6% APRpaid last 24h −0.111%
Price spread now: Binance against Hyperliquid−0.154%7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$960.964% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 7 days+0.198%+$20 · spread now −0.154%, 7d avg +0.054%
=Together, before fees+0.445%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Binance is 0.208% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.246%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% 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 MINA | 0.1266 | 0.0100 | pay 0.0013% / 1h | 41m 04s | $3.7M | $2.2M | 3x |
| Short | Binance MINAUSDT | 0.1264 | −0.0398 | pay 0.0398% / 8h | 1h 41m | $4.4M | $33.8M | 50x |
Hyperliquid MINA
Binance MINAUSDTFunding 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
- −$104.62
- Price spread: −0.154% → +0.054%
- −$20.82
- Slippage, 4 orders
- −$77.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$221.86
- Costs to cover
- 0.964%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Binance: live order book, 16 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, 10 min ago | 0.40 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.98 bp | 21.2 bp −$21 | 113.3 bp −$1,133 | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.1814% | 1h | 0.1266 | +0.017% | $25K | $87K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0416% | 4h | 0.1265 | −0.087% | $1.9M | $17.0M | 20x | as long as short |
| BloFin MINA-USDT | −0.0405% | 8h | 0.1264 | −0.190% | $253K | $302K | 50x | as long as short |
| Binance MINAUSDTshort | −0.0398% | 8h | 0.1264 | −0.154% | $4.4M | $33.8M | 50x | |
| MEXC MINA_USDT | −0.0395% | 8h | 0.1265 | −0.095% | $1.2M | $1.5M | 50x | as long as short |
| Bitget MINAUSDT | −0.0274% | 8h | 0.1266 | −0.008% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0208% | 8h | 0.1267 | +0.055% | $412K | $965K | 50x | as long as short |
| Bybit MINAUSDT | −0.0095% | 4h | 0.1266 | −0.008% | $4.4M | $6.7M | 25x | as long as short |
| KuCoin MINAUSDTM | −0.0057% | 8h | 0.1265 | −0.087% | $767K | $506K | 30x | as long as short |
| BingX MINA-USDT | −0.0029% | 8h | 0.1266 | +0.016% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
BloFin MINA-USDT
MEXC MINA_USDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
KuCoin MINAUSDTM
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAlong | +0.0100% | 1h | 0.1266 | long leg | $3.7M | $2.2M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1267 | +0.035% | $408K | $150K | — | as long as short |
Variational Omni MINA