Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.217%
Price spread now: BloFin against Hyperliquid−0.312%87s7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as 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−$620.623% of the position
Funding, last 7 days−0.426%−$43 on $10k
+Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.312%, 7d avg −0.171%
=Together, before fees−0.262%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.140% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.171%). Swap the legs. The two prices were read 87 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 | Hyperliquid SKY | 0.07062 | 0.0110 | pay 0.0014% / 1h | 19m 44s | $2.9M | $902K | 3x |
| Short | BloFin SKY-USDT | 0.07040 | 0.0085 | get 0.0043% / 4h | 3h 19m | $596K | $30K | 75x |
Hyperliquid SKY
BloFin SKY-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
- −$5.2
- Price spread: −0.312% → −0.171%
- −$14.02
- Slippage, 4 orders
- −$41.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.56
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; BloFin: live order book, 52 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, 2 min ago | 0.64 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 52 min ago | 1.42 bp | 19.7 bp −$20 | 42.9 bp −$429 | 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 | −0.0594% | 4h | 0.07042 | −0.278% | $203K | $118K | — | as long as short |
| Bybit SKYUSDT | −0.0332% | 4h | 0.07043 | −0.269% | $7.6M | $3.5M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +1.558% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0060% | 1h | 0.07048 | −0.195% | $69K | $27K | 5x | as long as short |
| BloFin SKY-USDTshort | +0.0085% | 4h | 0.07040 | −0.312% | $596K | $30K | 75x | |
| Lighter SKY | +0.0096% | 1h | 0.07054 | −0.112% | $190K | $171K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07054 | −0.108% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07051 | −0.158% | $16.3M | $10.8M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07048 | −0.198% | $849K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07044 | −0.255% | $592K | $265K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance 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 | 0.07055 | −0.099% | $1.0M | $285K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07051 | −0.156% | $417K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07055 | −0.099% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07048 | −0.198% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07039 | −0.326% | $24K | $680K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07051 | −0.157% | $946 | $3K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0110% | 1h | 0.07062 | long leg | $2.9M | $902K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0527% / S −0.0248% | 1h | 0.07049 | −0.178% | $83K | — | 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]