Funding you earn now, next payment 23:00 UTC−0.0246%/8h= −27.0% APRpaid last 24h −0.233%
Price spread now: Binance against Hyperliquid−0.177%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$670.673% of the position
Funding, last 7 days−0.401%−$40 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now −0.177%, 7d avg −0.153%
=Together, before fees−0.395%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.153%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07201 | 0.0346 | pay 0.0043% / 1h | 41m 14s | $3.0M | $907K | 3x |
| Short | Binance SKYUSDT | 0.07188 | 0.0100 | get 0.0050% / 4h | 1h 41m | $16.5M | $9.5M | 75x |
Hyperliquid SKY
Binance SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$51.72
- Price spread: −0.177% → −0.153%
- −$2.4
- Slippage, 4 orders
- −$48.26
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$121.38
- Costs to cover
- 0.673%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Binance: live order book, 15 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, 10 min ago | 2.85 bp | 15.9 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 0.69 bp | 16.8 bp −$17 | 56.9 bp −$569 | 339.2 bp −$33.9K | 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 | −0.0511% | 4h | 0.07155 | −0.634% | $197K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0093% | 4h | 0.07178 | −0.319% | $7.8M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07197 | −0.056% | $393 | $260K | 12x | as long as short |
| Nado SKY-PERP | +0.0039% | 1h | 0.07190 | −0.153% | $71K | $25K | 5x | as long as short |
| BloFin SKY-USDT | +0.0048% | 4h | 0.07189 | −0.167% | $606K | $32K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07189 | −0.171% | $188K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07188 | −0.177% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDTshort | +0.0100% | 4h | 0.07188 | −0.177% | $16.5M | $9.5M | 75x | |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07181 | −0.278% | $861K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07177 | −0.333% | $616K | $252K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Nado SKY-PERP
BloFin SKY-USDT
Lighter SKY
Aster SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07188 | −0.181% | $1.1M | $280K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07172 | −0.403% | $438K | $280K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07188 | −0.181% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07184 | −0.236% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07181 | −0.278% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07190 | −0.147% | $697 | $2K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0346% | 1h | 0.07201 | long leg | $3.0M | $907K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0532% / S −0.0248% | 1h | 0.07187 | −0.194% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]