Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.4% APRpaid last 24h −0.226%
Price spread now: BingX against Hyperliquid−0.185%7-day average −0.198% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days−0.404%−$40 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.185%, 7d avg −0.198%
=Together, before fees−0.382%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.198%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07065 | 0.0204 | pay 0.0026% / 1h | 16m 08s | $3.0M | $890K | 3x |
| Short | BingX SKY-USDT | 0.07052 | 0.0100 | get 0.0050% / 4h | 16m 08s | — | $2.4M | — |
Hyperliquid SKY
BingX SKY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$21.95
- Price spread: −0.185% → −0.198%
- $1.22
- Slippage, 4 orders
- −$46.73
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$86.45
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 3 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, 5 min ago | 3.11 bp | 17.1 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.55 bp | 20.4 bp −$20 | 59.9 bp −$599 | 261.9 bp −$26.2K | 841.3 bp −$420.7K |
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 | −0.0684% | 4h | 0.07045 | −0.278% | $193K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0237% | 4h | 0.07045 | −0.284% | $7.6M | $3.3M | 25x | as long as short |
| BloFin SKY-USDT | +0.0043% | 4h | 0.07050 | −0.214% | $588K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0068% | 1h | 0.07057 | −0.111% | $70K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07056 | −0.130% | $187K | $157K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07055 | −0.148% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07055 | −0.145% | $16.0M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07049 | −0.228% | $848K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07045 | −0.284% | $601K | $256K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07055 | −0.143% | $1.1M | $287K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
BloFin SKY-USDT
Nado SKY-PERP
Lighter SKY
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 | 0.07047 | −0.256% | $420K | $290K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07053 | −0.171% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDTshort | +0.0100% | 4h | 0.07052 | −0.185% | — | $2.4M | — | |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07056 | −0.129% | $19K | $677K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07054 | −0.156% | $1K | $2K | 10x | as long as short |
| Injective SKY/USDC PERP | +0.0158% | 1h | 0.07172 | +1.513% | $392 | $303K | 12x | as long as short |
| Hyperliquid SKYlong | +0.0204% | 1h | 0.07065 | long leg | $3.0M | $890K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.07053 | −0.171% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
Injective SKY/USDC PERP
GMX SKY/USD [ETH-USDC]