Funding you earn now, next payment 02:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.025%
Price spread now: Hyperliquid against Binance+0.102%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now +0.102%, 7d avg +0.092%
=Together, before fees+0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% 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 | Binance PYTHUSDT | 0.06380 | −0.0121 | get 0.0061% / 4h | 2h 53m | $9.2M | $17.8M | 75x |
| Short | Hyperliquid PYTH | 0.06387 | 0.0100 | get 0.0013% / 1h | 53m 04s | $2.0M | $1.6M | 5x |
Binance PYTHUSDT
Hyperliquid PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $46.45
- Price spread: +0.102% → +0.092%
- $0.98
- Slippage, 4 orders
- −$56.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.66
- Costs to cover
- 0.751%
- Break-even
- 11.2 days
Slippage from Binance: live order book, 3 min ago; Hyperliquid: 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 Binance live order book, 3 min ago | 1.58 bp | 17.2 bp −$17 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 3.83 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PYTHUSDTlong | −0.0121% | 4h | 0.06380 | long leg | $9.2M | $17.8M | 75x | |
| MEXC PYTH_USDT | −0.0120% | 4h | 0.06376 | −0.063% | $9.6M | $2.4M | 125x | as long as short |
| BloFin PYTH-USDT | −0.0078% | 4h | 0.06334 | −0.721% | $429K | $112K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06505 | +1.959% | $40K | $18K | 25x | as long as short |
| Aster PYTHUSDT | −0.0018% | 4h | 0.06366 | −0.223% | $20K | $46K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06362 | −0.282% | $189K | $19 | 5x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.881% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0048% | 1h | 0.06377 | −0.042% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06385 | +0.078% | $191K | $204K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06360 | −0.312% | $3K | — | 10x | as long as short |
MEXC PYTH_USDT
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aster PYTHUSDT
dYdX PYTH-USD
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06387 | +0.102% | $2.0M | $1.6M | 5x | |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06385 | +0.078% | $7.6M | $4.9M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06384 | +0.063% | $2.1M | $3.4M | 50x | as long as short |
| Gate PYTH_USDT | +0.0100% | 4h | 0.06366 | −0.219% | $1.1M | $489K | 75x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06371 | −0.141% | $1.5M | $333K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06382 | +0.031% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06377 | −0.047% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | −0.603% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06372 | −0.119% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06371 | −0.141% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0375% | 1h | 0.06385 | +0.080% | $392K | $291K | 25x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0567% | 1h | 0.06389 | +0.139% | $38K | $93K | 10x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1317% | 1h | 0.06391 | +0.172% | $10K | $10K | 10x | as long as short |
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
Gate PYTH_USDT
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Backpack PYTH_USDC_PERP
Deribit PYTH_USDC-PERPETUAL