Funding you earn now, next payment 02:00 UTC+0.0597%/8h= +65.4% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against BingX+0.157%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$850.855% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.157%, 7d avg +0.122%
=Together, before fees+0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.035% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.122%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% 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 | BingX REZ-USDT | 0.003826 | 0.0285 | pay 0.0142% / 4h | 2h 52m | — | $6.6M | — |
| Short | Hyperliquid REZ | 0.003832 | 0.0882 | get 0.0110% / 1h | 52m 12s | $1.5M | $503K | 3x |
BingX REZ-USDT
Hyperliquid REZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $125.42
- Price spread: +0.157% → +0.122%
- $3.53
- Slippage, 4 orders
- −$66.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $43.46
- Costs to cover
- 0.855%
- Break-even
- 4.6 days
Slippage from BingX: live order book, 14 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 BingX live order book, 14 min ago | 5.17 bp | 20.5 bp −$20 | 50.0 bp −$500 | 482.6 bp −$48.3K | 719.1 bp −$359.6K |
| Sell Hyperliquid live order book, 8 min ago | 2.60 bp | 21.5 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
REZ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster REZUSDT | +0.0100% | 4h | 0.003825 | −0.022% | $18K | $36K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003823 | −0.078% | $4.9M | $8.7M | 50x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003823 | −0.078% | $1.3M | $407K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003824 | −0.052% | $447K | $91K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003825 | −0.026% | $620K | $1.3M | 50x | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003808 | −0.473% | $77K | $40K | — | as long as short |
| BloFin REZ-USDT | +0.0150% | 4h | 0.003826 | 0.000% | $326K | $50K | 50x | as long as short |
| Gate REZ_USDT | +0.0152% | 4h | 0.003826 | 0.000% | $394K | $120K | 10x | as long as short |
| BingX REZ-USDTlong | +0.0285% | 4h | 0.003826 | long leg | — | $6.6M | — | |
| Bybit REZUSDT | +0.0310% | 4h | 0.003831 | +0.131% | $1.4M | $1.0M | 25x | as long as short |
Aster REZUSDT
Binance REZUSDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
Variational Omni REZ
BloFin REZ-USDT
Gate REZ_USDT
Bybit REZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0323% | 1h | 0.003819 | −0.172% | $43K | $10K | 10x | as long as short |
| Hyperliquid REZshort | +0.0882% | 1h | 0.003832 | +0.157% | $1.5M | $503K | 3x |
Kraken Futures PF_REZUSD