Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.134%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.134%, 7d avg −0.026%
=Together, before fees+0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.108% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1269 | 0.0100 | pay 0.0013% / 1h | 49m 28s | $4.1M | $2.9M | 5x |
| Short | BingX OP-USDT | 0.1268 | 0.0100 | get 0.0100% / 8h | 7h 49m | — | $6.8M | — |
Hyperliquid OP
BingX OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $0
- Price spread: −0.134% → −0.026%
- −$10.81
- Slippage, 4 orders
- −$21.19
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51
- Costs to cover
- 0.402%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; BingX: live order book, 8 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, 2 min ago | 1.58 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 0.39 bp | 9.9 bp −$10 | 14.2 bp −$142 | 69.5 bp −$6,953 | 323.2 bp −$161.6K |
OP on 30 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 OP/USDC PERP | −0.1656% | 1h | 0.1262 | −0.567% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1268 | −0.077% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0539% | 1h | 0.1266 | −0.252% | $42K | $171K | 25x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0352% | 1h | 0.1264 | −0.410% | $21K | $64K | 50x | as long as short |
| Bybit OPUSDT | −0.0154% | 8h | 0.1267 | −0.189% | $18.4M | $26.2M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1268 | −0.111% | $39K | $519 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1269 | −0.043% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1266 | −0.232% | $231K | $47K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1266 | −0.252% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1267 | −0.197% | $285K | $945K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
Coinbase International OP-PERP-INTX
Bybit OPUSDT
dYdX OP-USD
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPlong | +0.0100% | 1h | 0.1269 | long leg | $4.1M | $2.9M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1268 | −0.067% | $212K | $236K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1268 | −0.094% | $20.5M | $62.1M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1268 | −0.126% | $6.0M | $30.0M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1268 | −0.126% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1268 | −0.087% | $20.2M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1268 | −0.095% | $2.9M | $7.3M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1269 | −0.016% | $6.0M | $6.4M | 75x | as long as short |
| BingX OP-USDTshort | +0.0100% | 8h | 0.1268 | −0.134% | — | $6.8M | — | |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1265 | −0.292% | $122K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | −0.003% | $10K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1269 | −0.016% | $310K | $4.9M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1267 | −0.173% | $43K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1266 | −0.268% | $185 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | −0.150% | $175K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | −0.141% | $102K | $226K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1267 | −0.188% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1266 | −0.268% | $1.0M | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0383% | 1h | 0.1266 | −0.218% | $799K | $754K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0438% | 1h | 0.1268 | −0.124% | $705 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP