Funding you earn now, next payment 07:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.027%
Price spread now: BloFin against Hyperliquid−0.145%47s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$510.513% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.145%, 7d avg −0.018%
=Together, before fees+0.181%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.127% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.145% now, against its 7-day average of −0.018%). If the spread goes back, that is −$13 on $10k: about 39 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.003% in total) that is about 12 months. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% 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 SEI | 0.06149 | 0.0100 | pay 0.0013% / 1h | 8m 22s | $3.7M | $5.0M | 5x |
| Short | BloFin SEI-USDT | 0.06140 | 0.0364 | get 0.0364% / 8h | 1h 08m | $734K | $1.5M | 75x |
Hyperliquid SEI
BloFin SEI-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
- $55.35
- Price spread: −0.145% → −0.018%
- −$12.69
- Slippage, 4 orders
- −$30.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.62
- Costs to cover
- 0.513%
- Break-even
- 8.1 days
Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 4 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, 3 min ago | 1.63 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.81 bp | 15.7 bp −$16 | 27.5 bp −$275 | 84.7 bp −$8,467 | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0082% | 8h | 0.06127 | −0.350% | $322K | $179K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06150 | +0.023% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0065% / S −0.0132% | 1h | 0.06149 | +0.005% | $3K | — | 100x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0075% | 1h | 0.06147 | −0.031% | $388 | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06144 | −0.080% | $276K | $1.1M | 10x | as long as short |
| Hyperliquid SEIlong | +0.0100% | 1h | 0.06149 | long leg | $3.7M | $5.0M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.06149 | +0.009% | $329K | $379K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06147 | −0.027% | $14.9M | $123.4M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.06140 | −0.145% | $14.5M | $34.0M | 50x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06142 | −0.112% | $3.4M | $36.7M | 50x | as long as short |
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06147 | −0.031% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06147 | −0.031% | $36.7M | $28.0M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06144 | −0.080% | $6.8M | $14.4M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06149 | +0.002% | $10.1M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06148 | −0.015% | — | $31.4M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06118 | −0.502% | $211K | $2.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06140 | −0.145% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06145 | −0.063% | $2K | $181K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06158 | +0.148% | $23K | $3.7M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06146 | −0.047% | $85K | $377K | 25x | as long as short |
| Backpack SEI_USDC_PERP | +0.0242% | 1h | 0.06144 | −0.080% | $114K | $652K | 10x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0272% | 1h | 0.06060 | −1.446% | $43K | $233K | 50x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0341% | 1h | 0.06142 | −0.116% | $377K | $1.6M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06148 | −0.019% | $117 | — | 20x | as long as short |
| BloFin SEI-USDTshort | +0.0364% | 8h | 0.06140 | −0.145% | $734K | $1.5M | 75x | |
| Injective SEI/USDC PERP | +0.0402% | 1h | 0.06134 | −0.242% | $9K | $40K | 12x | as long as short |
| dYdX SEI-USD | +0.1749% | 1h | 0.06146 | −0.040% | $105K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Backpack SEI_USDC_PERP
Coinbase International SEI-PERP-INTX
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD