Funding you earn now, next payment 01:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.079%
Price spread now: BloFin against Hyperliquid−0.161%7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.438%+$44 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.161%, 7d avg −0.060%
=Together, before fees+0.466%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of −0.060%). If the spread goes back, that is −$10 on $10k: about 34 hours of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03977 | 0.0100 | pay 0.0013% / 1h | 46m 58s | $995K | $647K | 5x |
| Short | BloFin S-USDT | 0.03971 | 0.0340 | get 0.0170% / 4h | 3h 46m | $268K | $126K | 75x |
Hyperliquid S
BloFin S-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.161% → −0.060%
- −$10.11
- Slippage, 4 orders
- −$40.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.53
- Costs to cover
- 0.618%
- Break-even
- 10.0 days
Slippage from Hyperliquid: live order book, 43 min ago; BloFin: live order book, 19 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, 43 min ago | 1.53 bp | 15.4 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 19 min ago | 2.54 bp | 11.7 bp −$12 | 45.4 bp −$454 | 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 | −0.7616% | 1h | 0.03970 | −0.186% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2033% | 1h | 0.03973 | −0.114% | $34K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1240% | 1h | 0.03826 | −3.807% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1022% | 4h | 0.03957 | −0.503% | $615K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03978 | +0.005% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03973 | −0.120% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03979 | +0.031% | $613 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0025% | 4h | 0.03976 | −0.035% | $101K | $336K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +3.082% | $2K | $37K | 12x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03979 | +0.040% | $161K | $190K | 5x | 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
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Slong | +0.0100% | 1h | 0.03977 | long leg | $995K | $647K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.03980 | +0.053% | $44K | $141K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03981 | +0.081% | $5.4M | $16.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03976 | −0.035% | $5.7M | $5.0M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03979 | +0.040% | $982K | $4.7M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03974 | −0.085% | $325K | $216K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03981 | +0.091% | $3.7M | $1.9M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03978 | +0.015% | $1.8M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03978 | +0.015% | $1.2M | $2.4M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03979 | +0.040% | — | $6.7M | — | as long as short |
| Backpack S_USDC_PERP | +0.0100% | 1h | 0.03980 | +0.065% | $116K | $317K | 5x | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03970 | −0.186% | $26K | $450K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03977 | −0.018% | $229K | $1.0M | 10x | as long as short |
| BloFin S-USDTshort | +0.0340% | 4h | 0.03971 | −0.161% | $268K | $126K | 75x | |
| Deribit S_USDC-PERPETUAL | +0.0504% | 1h | 0.03982 | +0.116% | $67K | $10K | 10x | as long as short |
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
Deribit S_USDC-PERPETUAL