Funding you earn now, next payment 00:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h −0.001%
Price spread now: Hyperliquid against BloFin−0.098%107s7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as 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−$680.681% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)+0.378%+$38 · spread now −0.098%, 7d avg +0.098%
=Together, before fees+0.458%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.196% cheaper against BloFin than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.098%). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.080% in total) that is about 17 days. The two prices were read 107 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 0.080% in total (about 4.2% 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 | BloFin PYTH-USDT | 0.06339 | −0.0130 | get 0.0065% / 4h | 37m 26s | $423K | $115K | 75x |
| Short | Hyperliquid PYTH | 0.06333 | 0.0100 | get 0.0013% / 1h | 37m 26s | $1.7M | $1.5M | 5x |
BloFin PYTH-USDT
Hyperliquid PYTHFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $48.3
- Price spread: −0.098% → +0.098%
- −$19.61
- Slippage, 4 orders
- −$47.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.41
- Costs to cover
- 0.681%
- Break-even
- 12.7 days
Slippage from BloFin: live order book, 38 min ago; Hyperliquid: live order book, 3 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 BloFin live order book, 38 min ago | 0.80 bp | 8.5 bp −$9 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.10 bp | 20.9 bp −$21 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06336 | −0.044% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDTlong | −0.0130% | 4h | 0.06339 | long leg | $423K | $115K | 75x | |
| Binance PYTHUSDT | −0.0117% | 4h | 0.06324 | −0.235% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0116% | 4h | 0.06326 | −0.205% | $9.5M | $2.3M | 125x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0065% | 1h | 0.06339 | 0.000% | $10K | $10K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06335 | −0.064% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDT | +0.0014% | 4h | 0.06327 | −0.189% | $7.5M | $4.8M | 50x | as long as short |
| Gate PYTH_USDT | +0.0032% | 4h | 0.06324 | −0.237% | $1.1M | $474K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.246% | $553 | $220K | 5.5x | as long as short |
| Aster PYTHUSDT | +0.0040% | 4h | 0.06337 | −0.035% | $22K | $44K | 10x | as long as short |
Kraken Futures PF_PYTHUSD
Binance PYTHUSDT
MEXC PYTH_USDT
Deribit PYTH_USDC-PERPETUAL
dYdX PYTH-USD
Bybit PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERP
Aster PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0056% | 1h | 0.06335 | −0.063% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06336 | −0.047% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06322 | −0.274% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06333 | −0.098% | $1.7M | $1.5M | 5x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06334 | −0.079% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06336 | −0.047% | $1.5M | $313K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06333 | −0.095% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06329 | −0.158% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06342 | +0.043% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | −0.104% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | −0.174% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06327 | −0.189% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0559% | 1h | 0.06340 | +0.011% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP