Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.079%
Price spread now: Hyperliquid against BloFin−0.005%87s7-day average +0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.005%, 7d avg +0.059%
=Together, before fees−0.265%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.059%). Swap the legs. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin S-USDT | 0.03928 | 0.0340 | pay 0.0170% / 4h | 11m 46s | $266K | $125K | 75x |
| Short | Hyperliquid S | 0.03928 | 0.0100 | get 0.0013% / 1h | 11m 46s | $984K | $678K | 5x |
BloFin S-USDT
Hyperliquid SFunding 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
- −$50.4
- Price spread: −0.005% → +0.059%
- −$6.45
- Slippage, 4 orders
- −$51.36
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$129.21
- Costs to cover
- 0.724%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 60 min ago; Hyperliquid: live order book, 18 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, 60 min ago | 1.28 bp | 19.1 bp −$19 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 18 min ago | 1.53 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.5880% | 1h | 0.03840 | −2.240% | $23K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2122% | 1h | 0.03930 | +0.055% | $33K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1336% | 1h | 0.03826 | −2.597% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0981% | 4h | 0.03914 | −0.358% | $609K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0204% / S +0.0196% | 1h | 0.03938 | +0.244% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03932 | +0.107% | $4 | — | 15x | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.03938 | +0.255% | $66K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03938 | +0.243% | $607 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0026% | 4h | 0.03934 | +0.153% | $100K | $339K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.379% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03933 | +0.127% | $165K | $217K | 5x | as long as short |
| Hyperliquid Sshort | +0.0100% | 1h | 0.03928 | −0.005% | $984K | $678K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.03937 | +0.238% | $43K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03929 | +0.031% | $5.4M | $16.9M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03927 | −0.025% | $5.6M | $5.2M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03927 | −0.025% | $980K | $4.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03925 | −0.076% | $320K | $259K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03929 | +0.025% | $3.6M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03930 | +0.051% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03927 | −0.025% | $1.2M | $2.5M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03930 | +0.051% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03930 | +0.051% | $114K | $314K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | −0.458% | $25K | $448K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03929 | +0.019% | $221K | $877K | 10x | as long as short |
| BloFin S-USDTlong | +0.0340% | 4h | 0.03928 | long leg | $266K | $125K | 75x |
Lighter S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Backpack S_USDC_PERP
ApeX Omni SUSDT
Extended S-USD