Funding you earn now, next payment 00:00 UTC−0.0454%/8h= −49.7% APRpaid last 24h −0.075%
Price spread now: Bitget against Hyperliquid−0.234%7-day average −0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.234%, 7d avg −0.185%
=Together, before fees−0.252%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.185%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% 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 REZ | 0.003846 | 0.0554 | pay 0.0069% / 1h | 16m 17s | $1.6M | $498K | 3x |
| Short | Bitget REZUSDT | 0.003837 | 0.0100 | get 0.0050% / 4h | 16m 17s | $600K | $1.2M | 50x |
Hyperliquid REZ
Bitget REZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$95.38
- Price spread: −0.234% → −0.185%
- −$4.89
- Slippage, 4 orders
- −$58.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$179.55
- Costs to cover
- 0.793%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bitget: live order book, 5 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, 4 min ago | 2.60 bp | 16.4 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.91 bp | 20.5 bp −$21 | 66.3 bp −$663 | 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 | 0.003835 | −0.290% | $18K | $36K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003838 | −0.208% | $4.9M | $8.8M | 50x | as long as short |
| Bybit REZUSDT | +0.0100% | 4h | 0.003844 | −0.052% | $1.4M | $1.1M | 25x | as long as short |
| Gate REZ_USDT | +0.0100% | 4h | 0.003844 | −0.052% | $397K | $126K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003837 | −0.234% | $1.3M | $415K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003837 | −0.234% | $451K | $93K | 30x | as long as short |
| Bitget REZUSDTshort | +0.0100% | 4h | 0.003837 | −0.234% | $600K | $1.2M | 50x | |
| BingX REZ-USDT | +0.0100% | 4h | 0.003839 | −0.182% | — | $6.6M | — | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003843 | −0.079% | $78K | $40K | — | as long as short |
| BloFin REZ-USDT | +0.0157% | 4h | 0.003836 | −0.260% | $325K | $50K | 50x | as long as short |
Aster REZUSDT
Binance REZUSDT
Bybit REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
KuCoin REZUSDTM
BingX REZ-USDT
Variational Omni REZ
BloFin REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0217% | 1h | 0.003839 | −0.183% | $44K | $10K | 10x | as long as short |
| Hyperliquid REZlong | +0.0554% | 1h | 0.003846 | long leg | $1.6M | $498K | 3x |
Kraken Futures PF_REZUSD