Funding you earn now, next payment 22:00 UTC+0.0256%/8h= +28.1% APRpaid last 24h +0.236%
Price spread now: Hyperliquid against BloFin+0.197%67s7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as 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−$610.614% of the position
Funding, last 7 days+0.419%+$42 on $10k
+Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.197%, 7d avg +0.173%
=Together, before fees+0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.024% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.173%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKY-USDT | 0.07195 | 0.0120 | pay 0.0060% / 4h | 2h 40m | $611K | $609K | 75x |
| Short | Hyperliquid SKY | 0.07209 | 0.0376 | get 0.0047% / 1h | 40m 14s | $3.0M | $905K | 3x |
BloFin SKY-USDT
Hyperliquid SKYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $53.8
- Price spread: +0.197% → +0.173%
- $2.44
- Slippage, 4 orders
- −$40.43
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.2
- Costs to cover
- 0.614%
- Break-even
- 7.7 days
Slippage from BloFin: live order book, 46 min ago; Hyperliquid: live order book, 1 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 BloFin live order book, 46 min ago | 0.69 bp | 22.1 bp −$22 | 46.4 bp −$464 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.57 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
SKY on 18 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 SKY | −0.0621% | 4h | 0.07188 | −0.104% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0253% | 4h | 0.07188 | −0.097% | $8.0M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07254 | +0.820% | $396 | $184K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07199 | +0.061% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07200 | +0.076% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07201 | +0.084% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07201 | +0.079% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07194 | −0.014% | $875K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07189 | −0.083% | $618K | $254K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07196 | +0.014% | $1.1M | $280K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07185 | −0.139% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07198 | +0.042% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07194 | −0.014% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07197 | +0.028% | $20K | $683K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07202 | +0.095% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDTlong | +0.0120% | 4h | 0.07195 | long leg | $611K | $609K | 75x | |
| Hyperliquid SKYshort | +0.0376% | 1h | 0.07209 | +0.197% | $3.0M | $905K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07198 | +0.046% | $85K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]