Funding you earn now, next payment 06:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.003%
Price spread now: BloFin against Hyperliquid−0.484%107s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days+0.270%+$27 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now −0.484%, 7d avg −0.030%
=Together, before fees+0.897%+ Points / potential airdropHyperliquid: Season 2 · farm board+$90 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.454% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.484% now, against its 7-day average of −0.030%). If the spread goes back, that is −$45 on $10k: about 13 days of funding at the current rate (+$4 a day). The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1260 | 0.0100 | pay 0.0013% / 1h | 43m 26s | $3.7M | $2.7M | 5x |
| Short | BloFin OP-USDT | 0.1254 | 0.0220 | get 0.0220% / 8h | 2h 43m | $990K | $277K | 75x |
Hyperliquid OP
BloFin OP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.484% → −0.030%
- −$45.37
- Slippage, 4 orders
- −$35.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$76.77
- Costs to cover
- 0.566%
- Break-even
- 28.3 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 4 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, 8 min ago | 1.57 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.97 bp | 14.3 bp −$14 | 19.0 bp −$190 | 60.1 bp −$6,008 | doesn't fit |
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 | −0.1583% | 1h | 0.1250 | −0.794% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1258 | −0.185% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1260 | +0.015% | $39K | $532 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | +0.079% | $40K | $139K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1258 | −0.179% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0026% | 8h | 0.1260 | −0.021% | $223K | $48K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0042% | 8h | 0.1259 | −0.079% | $59K | $107K | 10x | as long as short |
| Kraken Futures PF_OPUSD | +0.0074% | 1h | 0.1263 | +0.205% | $771K | $586K | 20x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1261 | +0.063% | $284K | $980K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0096% | 8h | 0.1259 | −0.071% | $6.2M | $28.6M | 50x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Kraken Futures PF_OPUSD
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPlong | +0.0100% | 1h | 0.1260 | long leg | $3.7M | $2.7M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1259 | −0.095% | $210K | $216K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1258 | −0.192% | $20.3M | $62.9M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1256 | −0.294% | $18.6M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1260 | +0.040% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1258 | −0.119% | $21.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1259 | −0.079% | $2.9M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1260 | 0.000% | $5.8M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1257 | −0.238% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1260 | +0.024% | $106K | $213K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1271 | +0.842% | $385K | $769K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1255 | −0.389% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | −0.159% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1260 | +0.016% | $203 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | +0.024% | $171K | $233K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1260 | +0.024% | $101K | $505K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1259 | −0.048% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1257 | −0.238% | $25K | $57K | 50x | as long as short |
| BloFin OP-USDTshort | +0.0220% | 8h | 0.1254 | −0.484% | $990K | $277K | 75x | |
| Reya OPRUSDPERP | +0.0442% | 1h | 0.1259 | −0.099% | $700 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
Coinbase International OP-PERP-INTX
Reya OPRUSDPERP