Settings8H · net · $10k
Funding arb · Price arb /

REZ

all REZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%
Price spread now: Hyperliquid against Binance+0.134%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.872% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.313%+$31 on $10k
Price spread, last 7 days+0.009%+$1 · spread now +0.134%, 7d avg +0.182%
Together, before fees+0.322%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.048% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.182%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance REZUSDT0.0038120.0100pay 0.0050% / 4h2h 41m$4.9M$8.9M50x
ShortHyperliquid REZ0.0038170.0100get 0.0013% / 1h41m 39s$1.6M$503K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.134% → +0.182%
−$4.82
Slippage, 4 orders
−$68.16
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$91.99
Costs to cover
0.872%
Break-even
never at this rate
Slippage from Binance: live order book, 13 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago1.31 bp20.4 bp −$2061.4 bp −$614doesn't fitdoesn't fit
Sell Hyperliquid live order book, 9 min ago2.62 bp20.5 bp −$20doesn't fitdoesn't fitdoesn't fit

REZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid REZshort+0.0100%1h0.003817+0.134%$1.6M$503K3x
Aster REZUSDT+0.0100%4h0.003812−0.003%$18K$37K5xas long as short
Binance REZUSDTlong+0.0100%4h0.003812long leg$4.9M$8.9M50x
Gate REZ_USDT+0.0100%4h0.003820+0.213%$396K$127K10xas long as short
MEXC REZ_USDT+0.0100%4h0.003810−0.050%$1.3M$443K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003812+0.003%$451K$94K30xas long as short
Bitget REZUSDT+0.0100%4h0.003812+0.003%$599K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003818+0.161%$77K$47Kas long as short
Bybit REZUSDT+0.0101%4h0.003816+0.108%$1.5M$1.0M25xas long as short
BloFin REZ-USDT+0.0102%4h0.003818+0.160%$330K$50K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX REZ-USDT+0.0102%4h0.003815+0.082%$6.6Mas long as short
Kraken Futures PF_REZUSD+0.0136%1h0.003816+0.100%$43K$10K10xas long as short