S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.020%

Price spread now: BingX against Hyperliquid−0.046%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

costs, in and out, $10k−$760.760% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 4 days (all we have)−0.242%−$24 · spread now −0.046%, 7d avg −0.042%

Together, before fees−0.011%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.042%, so right now this pair is about funding alone: +$3 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	0.0009	pay 0.0001% / 1h	57m 12s	$983K	$878K	5x
Short	BingX S-USDT	0.03918	0.0100	get 0.0050% / 4h	1h 57m	—	$6.8M	—

Funding history

latest

Range statsloading…

BingX 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 BingXbpOrdersPrice spread, now −0.046%Rate

Slippage from Hyperliquid: live order book, 53 min ago; BingX: live order book, 10 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 BingX live order book, 10 min ago	5.12 bp	19.7 bp −$20	55.6 bp −$556	324.4 bp −$32.4K	734.0 bp −$367.0K

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	0.03920	+0.016%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.393%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0787%	4h	0.03914	−0.151%	$609K	$34K	—	as long as short
Deribit S_USDC-PERPETUAL	−0.0514%	1h	0.03925	+0.133%	$66K	$10K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0193% / S +0.0186%	1h	0.03927	+0.176%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03917	−0.065%	$4	—	15x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03910	−0.250%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03925	+0.143%	$605	—	150x	as long as short
Hyperliquid Slong	+0.0009%	1h	0.03920	long leg	$983K	$878K	5x
Orderly PERP_S_USDC	+0.0019%	4h	0.03922	+0.056%	$100K	$349K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.597%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0043%	4h	0.03923	+0.072%	$43K	$212K	10x	as long as short
Lighter S	+0.0096%	1h	0.03924	+0.107%	$164K	$222K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03919	−0.020%	$5.3M	$22.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03914	−0.148%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03916	−0.097%	$977K	$7.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.071%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03918	−0.046%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03918	−0.046%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03920	+0.005%	$1.2M	$2.8M	50x	as long as short
BingX S-USDTshort	+0.0100%	4h	0.03918	−0.046%	—	$6.8M	—
ApeX Omni SUSDT	+0.0100%	1h	0.03920	+0.005%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03917	−0.067%	$219K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.046%	$269K	$132K	75x	as long as short
Backpack S_USDC_PERP	+0.0718%	1h	0.03930	+0.260%	$114K	$298K	5x	as long as short