Funding you earn now, next payment 22:00 UTC+0.2105%/8h= +230.5% APRpaid last 24h +0.314%
Price spread now: Hyperliquid against Binance+0.262%7-day average +0.270% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.448%+$45 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.262%, 7d avg +0.270%
=Together, before fees+0.327%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.270%, so right now this pair is about funding alone: +$63 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.448% in total (about 23.4% 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 | Binance NILUSDT | 0.06725 | 0.0100 | pay 0.0050% / 4h | 2h 41m | $5.3M | $85.0M | 50x |
| Short | Hyperliquid NIL | 0.06743 | 0.2205 | get 0.0276% / 1h | 41m 46s | $4.1M | $4.6M | 3x |
Binance NILUSDT
Hyperliquid NILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $442.03
- Price spread: +0.262% → +0.270%
- −$0.8
- Slippage, 4 orders
- −$76.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $346.15
- Costs to cover
- 0.951%
- Break-even
- 1.5 days
Slippage from Binance: live order book, 1 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 1 min ago | 2.97 bp | 22.4 bp −$22 | 145.2 bp −$1,452 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.94 bp | 13.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0058% | 4h | 0.06738 | +0.193% | $360K | $160K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06732 | +0.108% | $20K | $370K | 5x | as long as short |
| Binance NILUSDTlong | +0.0100% | 4h | 0.06725 | long leg | $5.3M | $85.0M | 50x | |
| Bybit NILUSDT | +0.0100% | 4h | 0.06734 | +0.134% | $3.5M | $14.7M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06736 | +0.164% | $438K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06730 | +0.074% | $2.3M | $6.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06735 | +0.149% | $481K | $719K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06726 | +0.015% | $1.7M | $9.6M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06729 | +0.059% | — | $8.7M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06742 | +0.253% | $50K | $154K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06725 | +0.003% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILshort | +0.2205% | 1h | 0.06743 | +0.262% | $4.1M | $4.6M | 3x |
Extended NIL-USD