Funding you earn now, next payment 01:00 UTC−0.0333%/8h= −36.4% APRpaid last 24h −0.013%
Price spread now: BloFin against Hyperliquid+0.096%107s7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as 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−$740.740% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.096%, 7d avg −0.100%
=Together, before fees−0.436%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.196% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of −0.100%): +$20 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.092% in total) that is about 15 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 -0.092% in total (about -4.8% 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 PYTH | 0.06363 | 0.0100 | pay 0.0013% / 1h | 49m 24s | $1.9M | $1.6M | 5x |
| Short | BloFin PYTH-USDT | 0.06369 | −0.0233 | pay 0.0116% / 4h | 3h 49m | $424K | $113K | 75x |
Hyperliquid PYTH
BloFin PYTH-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
- −$69.9
- Price spread: +0.096% → −0.100%
- $19.55
- Slippage, 4 orders
- −$53.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.37
- Costs to cover
- 0.740%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; BloFin: live order book, 21 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, 11 min ago | 0.16 bp | 21.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 0.79 bp | 16.8 bp −$17 | 32.0 bp −$320 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PYTH-USDTshort | −0.0233% | 4h | 0.06369 | +0.096% | $424K | $113K | 75x | |
| Binance PYTHUSDT | −0.0183% | 4h | 0.06356 | −0.104% | $9.1M | $17.6M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0180% | 4h | 0.06355 | −0.124% | $9.5M | $2.3M | 125x | as long as short |
| Gate PYTH_USDT | −0.0156% | 4h | 0.06357 | −0.093% | $1.1M | $468K | 75x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0137% | 1h | 0.06354 | −0.145% | $389K | $286K | 25x | as long as short |
| Coinbase International PYTH-PERP-INTX | −0.0064% | 1h | 0.06368 | +0.080% | $40K | $18K | 25x | as long as short |
| Bybit PYTHUSDT | −0.0041% | 4h | 0.06361 | −0.030% | $7.6M | $4.8M | 50x | as long as short |
| Aster PYTHUSDT | −0.0017% | 4h | 0.06359 | −0.061% | $22K | $44K | 10x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06361 | −0.030% | $189K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0032% | 1h | 0.06350 | −0.203% | $23K | — | 3x | as long as short |
Binance PYTHUSDT
MEXC PYTH_USDT
Gate PYTH_USDT
Kraken Futures PF_PYTHUSD
Coinbase International PYTH-PERP-INTX
Bybit PYTHUSDT
Aster PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.617% | $553 | $220K | 5.5x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06360 | −0.046% | $201K | $198K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06353 | −0.160% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06363 | long leg | $1.9M | $1.6M | 5x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06358 | −0.077% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06364 | +0.017% | $1.5M | $323K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06359 | −0.061% | $2.6M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06355 | −0.124% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06370 | +0.104% | $38K | $27K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06347 | −0.248% | $3K | $2K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06356 | −0.108% | — | — | 20x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0537% | 1h | 0.06356 | −0.108% | $10K | $10K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0857% | 1h | 0.06359 | −0.068% | $35K | $91K | 10x | as long as short |
Injective PYTH/USDC 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
Reya PYTHRUSDPERP
Deribit PYTH_USDC-PERPETUAL
Backpack PYTH_USDC_PERP