Funding you earn now, next payment 00:00 UTC+0.1444%/8h= +158.1% APRpaid last 24h +0.321%
Price spread now: Hyperliquid against Bitget+0.098%7-day average +0.267% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$910.915% of the position
Funding, last 7 days+0.473%+$47 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.098%, 7d avg +0.267%
=Together, before fees+0.582%+ Points / potential airdropHyperliquid: Season 2 · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.168% cheaper against Bitget than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.267%). If the spread goes back, that is −$17 on $10k: about 9 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.473% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.473% in total (about 24.6% 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 | Bitget NILUSDT | 0.06805 | 0.0100 | pay 0.0050% / 4h | 16m 26s | $1.7M | $8.6M | 50x |
| Short | Hyperliquid NIL | 0.06812 | 0.1544 | get 0.0193% / 1h | 16m 26s | $4.0M | $4.5M | 3x |
Bitget NILUSDT
Hyperliquid NILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $303.29
- Price spread: +0.098% → +0.267%
- −$16.85
- Slippage, 4 orders
- −$70.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $194.96
- Costs to cover
- 0.915%
- Break-even
- 2.5 days
Slippage from Bitget: live order book, 2 min ago; Hyperliquid: live order book, 5 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 Bitget live order book, 2 min ago | 6.60 bp | 21.4 bp −$21 | 91.4 bp −$914 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.26 bp | 14.5 bp −$14 | 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 | +0.0095% | 4h | 0.06809 | +0.059% | $346K | $142K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06808 | +0.044% | $20K | $361K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06798 | −0.103% | $5.2M | $79.2M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06808 | +0.044% | $3.7M | $14.1M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06813 | +0.118% | $437K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06821 | +0.235% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06813 | +0.118% | $510K | $687K | 30x | as long as short |
| Bitget NILUSDTlong | +0.0100% | 4h | 0.06805 | long leg | $1.7M | $8.6M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.06801 | −0.059% | — | $8.5M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06847 | +0.611% | $175K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
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 | 0.06802 | −0.049% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILshort | +0.1544% | 1h | 0.06812 | +0.098% | $4.0M | $4.5M | 3x |
Extended NIL-USD