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

REZ

all REZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.069%
Price spread now: Hyperliquid against BloFin+0.052%107s7-day average +0.204% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$910.914% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.332%+$33 on $10k
Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.052%, 7d avg +0.204%
Together, before fees+0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.152% cheaper against BloFin than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.204%). If the spread goes back, that is −$15 on $10k: about 2.6 days of funding at the current rate (+$6 a day). The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin REZ-USDT0.0038500.0076pay 0.0038% / 4h2h 17m$326K$50K50x
ShortHyperliquid REZ0.0038520.0275get 0.0034% / 1h17m 28s$1.6M$504K3x

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

Profit calculator

Funding earned
$41.76
Price spread: +0.052% → +0.204%
−$15.24
Slippage, 4 orders
−$70.36
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$64.84
Costs to cover
0.914%
Break-even
17.9 days
Slippage from BloFin: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago5.20 bp18.4 bp −$1838.3 bp −$383doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago3.89 bp30.5 bp −$31doesn'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
BloFin REZ-USDTlong+0.0076%4h0.003850long leg$326K$50K50x
Aster REZUSDT+0.0100%4h0.003842−0.201%$18K$37K5xas long as short
Binance REZUSDT+0.0100%4h0.003843−0.187%$4.9M$8.9M50xas long as short
MEXC REZ_USDT+0.0100%4h0.003843−0.182%$1.3M$445K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003845−0.130%$455K$94K30xas long as short
Bitget REZUSDT+0.0100%4h0.003845−0.130%$605K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003855+0.137%$78K$47Kas long as short
Bybit REZUSDT+0.0101%4h0.0038500.000%$1.5M$1.0M25xas long as short
BingX REZ-USDT+0.0102%4h0.003844−0.156%$6.6Mas long as short
Gate REZ_USDT+0.0112%4h0.003855+0.130%$400K$127K10xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_REZUSD+0.0135%1h0.003845−0.132%$44K$10K10xas long as short
Hyperliquid REZshort+0.0275%1h0.003852+0.052%$1.6M$504K3x