Funding you earn now, next payment 02:00 UTC+0.0414%/8h= +45.4% APRpaid last 24h +0.105%
Price spread now: Hyperliquid against BloFin+0.295%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$640.639% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.295%, 7d avg +0.163%
=Together, before fees−0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.133% dearer against BloFin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.163%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% 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 | BloFin RENDER-USDT | 1.8280 | 0.0340 | pay 0.0170% / 4h | 2h 53m | $589K | $1.1M | 90x |
| Short | Hyperliquid RENDER | 1.8334 | 0.0754 | get 0.0094% / 1h | 53m 05s | $4.2M | $3.4M | 5x |
BloFin RENDER-USDT
Hyperliquid RENDERFunding 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
- $87.03
- Price spread: +0.295% → +0.163%
- $13.28
- Slippage, 4 orders
- −$42.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $36.45
- Costs to cover
- 0.639%
- Break-even
- 4.1 days
Slippage from BloFin: live order book, 9 min ago; Hyperliquid: live order book, 9 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, 9 min ago | 2.71 bp | 24.4 bp −$24 | 28.1 bp −$281 | 97.7 bp −$9,772 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.89 bp | 13.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 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 RENDER/USDC PERP | −0.0344% | 1h | 1.8300 | +0.109% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8287 | +0.039% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8303 | +0.126% | $10K | $30K | 25x | as long as short |
| Variational Omni RENDER | +0.0085% | 4h | 1.8222 | −0.316% | $224K | $279K | — | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8320 | +0.218% | $265K | $141K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8320 | +0.221% | $12.2M | $46.4M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8304 | +0.131% | $11.8M | $13.0M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8320 | +0.219% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8284 | +0.022% | $514K | $1.0M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8300 | +0.109% | $11.0M | $10.8M | 200x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Variational Omni RENDER
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
Gate RENDER_USDT
MEXC RENDER_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8300 | +0.109% | $4.7M | $12.2M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8316 | +0.197% | $9.8M | $10.7M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8310 | +0.164% | — | $3.9M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8354 | +0.405% | $46K | $269K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8310 | +0.164% | $1.8M | $3.9M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8299 | +0.102% | $28K | $201K | 10x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0168% | 1h | 1.8250 | −0.164% | $149K | $64K | 50x | as long as short |
| Phoenix RENDER | +0.0217% | 1h | 1.8384 | +0.569% | $47K | $297K | 5x | as long as short |
| BloFin RENDER-USDTlong | +0.0340% | 4h | 1.8280 | long leg | $589K | $1.1M | 90x | |
| GMX RENDER/USD [ETH-USDC] | L +0.0363% / S −0.0912% | 1h | 1.8294 | +0.078% | $15K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0672% | 1h | 1.8323 | +0.233% | $472K | $1.0M | 50x | as long as short |
| Hyperliquid RENDERshort | +0.0754% | 1h | 1.8334 | +0.295% | $4.2M | $3.4M | 5x |
KuCoin RENDERUSDTM
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Coinbase International RENDER-PERP-INTX
Phoenix RENDER
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD