Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.025%
Price spread now: BloFin against Hyperliquid+0.190%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
Funding, last 7 days−0.154%−$15 on $10k
+Price spread, last 3 days (all we have)−0.503%−$50 · spread now +0.190%, 7d avg +0.034%
=Together, before fees−0.657%+ Points / potential airdropHyperliquid: Season 2 · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.155% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.034%): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.154% in total) that is about 7.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% 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 SKR | 0.02109 | 0.0100 | pay 0.0013% / 1h | 57m 03s | $1.3M | $742K | 3x |
| Short | BloFin SKR-USDT | 0.02113 | −0.0140 | pay 0.0070% / 4h | 57m 03s | $233K | $154K | 20x |
Hyperliquid SKR
BloFin SKR-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: +0.190% → +0.034%
- $15.53
- Slippage, 4 orders
- −$80.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$136.84
- Costs to cover
- 1.020%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 14 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 | 0.24 bp | 4.7 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 0.95 bp | 41.0 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
SKR on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SKR-USDTshort | −0.0140% | 4h | 0.02113 | +0.190% | $233K | $154K | 20x | |
| Lighter SKR | +0.0096% | 1h | 0.02103 | −0.284% | $14K | $16K | 3x | as long as short |
| Hyperliquid SKRlong | +0.0100% | 1h | 0.02109 | long leg | $1.3M | $742K | 3x | |
| Aster SKRUSDT | +0.0100% | 4h | 0.02108 | −0.049% | $26K | $33K | 5x | as long as short |
| Binance SKRUSDT | +0.0100% | 4h | 0.02108 | −0.069% | $3.5M | $12.1M | 20x | as long as short |
| Bybit SKRUSDT | +0.0100% | 4h | 0.02108 | −0.062% | $4.5M | $4.9M | 20x | as long as short |
| Gate SKR_USDT | +0.0100% | 4h | 0.02108 | −0.062% | $1.0M | $528K | 20x | as long as short |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02109 | −0.028% | $4.4M | $461K | 20x | as long as short |
| KuCoin SKRUSDTM | +0.0100% | 4h | 0.02110 | +0.028% | $679K | $684K | 20x | as long as short |
| Bitget SKRUSDT | +0.0100% | 4h | 0.02109 | −0.024% | $1.5M | $1.1M | 20x | as long as short |
Lighter SKR
Aster SKRUSDT
Binance SKRUSDT
Bybit SKRUSDT
Gate SKR_USDT
MEXC SKR_USDT
KuCoin SKRUSDTM
Bitget SKRUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SKR-USDT | +0.0100% | 4h | 0.02109 | −0.005% | — | $2.4M | — | as long as short |
| SunX SKR-USDT | +0.0100% | 4h | 0.02103 | −0.284% | $2K | $2.3M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02117 | +0.379% | $14K | $36K | 20x | as long as short |
| Backpack SKR_USDC_PERP | +0.0150% | 1h | 0.02108 | −0.066% | $50K | $212K | 5x | as long as short |
| Phoenix SKR | +0.0379% | 1h | 0.02113 | +0.156% | $4K | $10K | 3x | as long as short |
BingX SKR-USDT
SunX SKR-USDT
HTX SKR-USDT
Backpack SKR_USDC_PERP
Phoenix SKR