Funding you earn now, next payment 03:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.001%
Price spread now: BloFin against Hyperliquid+0.104%87s7-day average −0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as 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−$920.916% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.104%, 7d avg −0.046%
=Together, before fees−0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.150% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.046%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 7 days (−0.012% in total) that is about 3 months. 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 SNX | 0.2396 | 0.0100 | pay 0.0013% / 1h | 17m 44s | $440K | $152K | 3x |
| Short | BloFin SNX-USDT | 0.2398 | 0.0078 | get 0.0078% / 8h | 5h 17m | $151K | $69K | 75x |
Hyperliquid SNX
BloFin SNX-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
- −$4.55
- Price spread: +0.104% → −0.046%
- $15.04
- Slippage, 4 orders
- −$70.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.1
- Costs to cover
- 0.916%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 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, 12 min ago | 2.92 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 14 min ago | 4.17 bp | 26.1 bp −$26 | 59.2 bp −$592 | 351.3 bp −$35.1K | doesn't fit |
SNX 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNX/USDC PERP | −0.5000% | 1h | 0.2255 | −5.865% | $23K | $29K | 12x | as long as short |
| BloFin SNX-USDTshort | +0.0078% | 8h | 0.2398 | +0.104% | $151K | $69K | 75x | |
| Kraken Futures PF_SNXUSD | +0.0081% | 1h | 0.2394 | −0.056% | $144K | $59K | 25x | as long as short |
| Hyperliquid SNXlong | +0.0100% | 1h | 0.2396 | long leg | $440K | $152K | 3x | |
| Aster SNXUSDT | +0.0100% | 8h | 0.2395 | −0.032% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2394 | −0.052% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2394 | −0.063% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2391 | −0.188% | $819K | $1.2M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2390 | −0.230% | $239K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2394 | −0.063% | $1.7M | $698K | 100x | as long as short |
Injective SNX/USDC PERP
Kraken Futures PF_SNXUSD
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2396 | +0.021% | $722K | $2.0M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2394 | −0.063% | $1.1M | $390K | 50x | as long as short |
| BingX SNX-USDT | +0.0100% | 8h | 0.2394 | −0.063% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2399 | +0.148% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2386 | −0.397% | $2K | $1.4M | 20x | as long as short |
KuCoin SNXUSDTM
Bitget SNXUSDT
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT