S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.016%

Price spread now: Binance against Hyperliquid−0.015%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.764% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.015%, 7d avg −0.021%

Together, before fees+0.212%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.03920	0.0033	pay 0.0004% / 1h	57m 37s	$984K	$878K	5x
Short	Binance SUSDT	0.03919	0.0100	get 0.0050% / 4h	1h 57m	$5.3M	$22.5M	75x

Funding history

latest

Range statsloading…

Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee BinancebpOrdersPrice spread, now −0.015%Rate

Slippage from Hyperliquid: live order book, 53 min ago; Binance: live order book, 14 min ago.

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, 53 min ago	1.40 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.27 bp	19.6 bp −$20	61.5 bp −$615	doesn't fit	doesn't fit

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
Kraken Futures PF_SUSD	−0.1594%	1h	0.03921	+0.023%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.388%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0787%	4h	0.03914	−0.146%	$609K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0192% / S +0.0186%	1h	0.03927	+0.181%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03919	−0.009%	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0005%	1h	0.03927	+0.189%	$66K	$10K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03910	−0.245%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03925	+0.148%	$605	—	150x	as long as short
Orderly PERP_S_USDC	+0.0018%	4h	0.03922	+0.061%	$100K	$349K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.603%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Slong	+0.0033%	1h	0.03920	long leg	$984K	$878K	5x
Aster SUSDT	+0.0043%	4h	0.03923	+0.079%	$43K	$212K	10x	as long as short
Lighter S	+0.0096%	1h	0.03924	+0.112%	$164K	$222K	5x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03919	−0.015%	$5.3M	$22.5M	75x
Bybit SUSDT	+0.0100%	4h	0.03913	−0.168%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03918	−0.041%	$977K	$7.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.066%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03919	−0.015%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03919	−0.015%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03920	+0.010%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03918	−0.041%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	+0.010%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03918	−0.043%	$219K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03921	+0.036%	$269K	$133K	75x	as long as short
Backpack S_USDC_PERP	+0.0718%	1h	0.03930	+0.265%	$114K	$298K	5x	as long as short