Settings8H · net · $10k
Funding arb · Price arb /

NIL

all NIL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0794%/8h= +86.9% APRpaid last 24h +0.398%
Price spread now: Hyperliquid against BingX+0.031%7-day average +0.186% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.570%+$57 on $10k
Price spread, last 7 days+0.081%+$8 · spread now +0.031%, 7d avg +0.186%
Together, before fees+0.650%+ Points / potential airdropHyperliquid: Season 2 · farm board+$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.155% cheaper against BingX than usual: you would sell low and buy high (spread +0.031% now, against its 7-day average of +0.186%). If the spread goes back, that is −$16 on $10k: about 16 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.570% in total) that is about 46 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX NIL-USDT0.071350.0100pay 0.0050% / 4h58m 16s$8.4M
ShortHyperliquid NIL0.071370.0894get 0.0112% / 1h58m 16s$4.5M$4.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$166.69
Price spread: +0.031% → +0.186%
−$15.55
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$132.14
Costs to cover
0.190%
Break-even
1.5 days
Slippage unknown: BingX: live order book, 10 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago5.61 bp26.5 bp −$26111.1 bp −$1,111522.8 bp −$52.3K742.5 bp −$371.3K
Sell Hyperliquid live order book, 3 min ago2.71 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

NIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster NILUSDT+0.0100%4h0.07130−0.068%$23K$329K5xas long as short
Binance NILUSDT+0.0100%4h0.07128−0.104%$5.5M$75.3M50xas long as short
Bybit NILUSDT+0.0100%4h0.07130−0.070%$3.9M$13.9M20xas long as short
MEXC NIL_USDT+0.0100%4h0.07123−0.168%$2.4M$4.3M100xas long as short
KuCoin NILUSDTM+0.0100%4h0.07129−0.084%$580K$710K30xas long as short
Bitget NILUSDT+0.0100%4h0.07130−0.070%$1.8M$8.4M50xas long as short
BingX NIL-USDTlong+0.0100%4h0.07135long leg$8.4M
Extended NIL-USD+0.0104%1h0.07126−0.124%$22K$91K5xas long as short
BloFin NIL-USDT+0.0111%4h0.07178+0.603%$363K$129K50xas long as short
Variational Omni NIL+0.0155%4h0.07184+0.680%$185K$280Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NIL_USDT+0.0162%4h0.07137+0.028%$463K$1.9M50xas long as short
Hyperliquid NILshort+0.0894%1h0.07137+0.031%$4.5M$4.6M3x