Funding you earn now, next payment 22:00 UTC+0.1416%/8h= +155.1% APRpaid last 24h +0.233%
Price spread now: Hyperliquid against BingX+0.306%7-day average +0.174% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.312%+$31 on $10k
+Price spread, last 7 days−0.158%−$16 · spread now +0.306%, 7d avg +0.174%
=Together, before fees+0.154%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Hyperliquid is 0.132% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.174%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.312% in total (about 16.3% 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 | BingX POPCAT-USDT | 0.05483 | 0.0100 | pay 0.0050% / 4h | 2h 40m | — | $6.8M | — |
| Short | Hyperliquid POPCAT | 0.05500 | 0.1516 | get 0.0190% / 1h | 40m 34s | $2.5M | $1.1M | 3x |
BingX POPCAT-USDT
Hyperliquid POPCATFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $297.41
- Price spread: +0.306% → +0.174%
- $13.22
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $291.63
- Costs to cover
- 0.190%
- Break-even
- 0.1 days
Slippage unknown: BingX: live order book, 2 min ago; Hyperliquid: live order book, 1 min ago. Net counts fees only.
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 BingX live order book, 2 min ago | 4.55 bp | 28.4 bp −$28 | 66.1 bp −$661 | 607.2 bp −$60.7K | 883.6 bp −$441.8K |
| Sell Hyperliquid live order book, 1 min ago | 1.55 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4569% | 1h | 0.05434 | −0.894% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1071% | 1h | 0.05475 | −0.151% | $139K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05488 | +0.094% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05489 | +0.109% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05490 | +0.129% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05479 | −0.073% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05487 | +0.073% | $675K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05490 | +0.128% | $416K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05488 | +0.091% | $1.9M | $909K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05489 | +0.109% | $1.1M | $992K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05484 | +0.018% | $1.1M | $884K | 50x | as long as short |
| BingX POPCAT-USDTlong | +0.0100% | 4h | 0.05483 | long leg | — | $6.8M | — | |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05482 | −0.018% | $502K | $174K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05500 | +0.312% | $244K | $501K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05500 | +0.310% | $22K | $639K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05487 | +0.065% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05499 | +0.292% | $125K | $282K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.1516% | 1h | 0.05500 | +0.306% | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT