Funding you earn now, next payment 03:00 UTC−0.0782%/8h= −85.6% APRpaid last 24h −0.231%
Price spread now: BloFin against Hyperliquid−0.251%67s7-day average −0.133% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.342%−$34 on $10k
+Price spread, last 4 days (all we have)−0.312%−$31 · spread now −0.251%, 7d avg −0.133%
=Together, before fees−0.653%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BloFin is 0.118% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.133%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.342% in total (about -17.8% 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 | Hyperliquid POPCAT | 0.05610 | 0.1122 | pay 0.0140% / 1h | 43m 58s | $2.6M | $997K | 3x |
| Short | BloFin POPCAT-USDT | 0.05596 | 0.0340 | get 0.0170% / 4h | 1h 43m | $124K | $317K | 50x |
Hyperliquid POPCAT
BloFin POPCAT-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
- −$164.25
- Price spread: −0.251% → −0.133%
- −$11.82
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$197.06
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; BloFin: live order book, 78 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 Hyperliquid live order book, 7 min ago | 1.43 bp | 20.4 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 78 min ago | 7.98 bp | 17.9 bp −$18 | 35.3 bp −$353 | 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 | −0.4257% | 1h | 0.05514 | −1.713% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05597 | −0.228% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0055% | 4h | 0.05570 | −0.723% | $504K | $161K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05598 | −0.216% | $100K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05606 | −0.077% | $2.3M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05596 | −0.251% | $8.8M | $6.3M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05606 | −0.073% | $691K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05600 | −0.180% | $447K | $635K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05606 | −0.073% | $1.8M | $952K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05596 | −0.251% | $1.1M | $985K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
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 | 0.05606 | −0.073% | $1.2M | $936K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05603 | −0.127% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05580 | −0.538% | $249K | $495K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05570 | −0.715% | $22K | $653K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05601 | −0.171% | $95K | $529K | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0296% | 1h | 0.05597 | −0.225% | $150K | $146K | 20x | as long as short |
| BloFin POPCAT-USDTshort | +0.0340% | 4h | 0.05596 | −0.251% | $124K | $317K | 50x | |
| Hyperliquid POPCATlong | +0.1122% | 1h | 0.05610 | long leg | $2.6M | $997K | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
Kraken Futures PF_POPCATUSD