Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against Binance−0.032%7-day average +0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days+0.084%+$8 · spread now −0.032%, 7d avg +0.102%
=Together, before fees+0.245%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.134% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SPXUSDT | 0.5057 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $5.1M | $21.1M | 75x |
| Short | Hyperliquid SPX | 0.5055 | 0.0100 | get 0.0013% / 1h | 18m 37s | $10.1M | $7.4M | 5x |
Binance SPXUSDT
Hyperliquid SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $0
- Price spread: −0.032% → +0.102%
- −$13.39
- Slippage, 4 orders
- −$52.22
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$84.61
- Costs to cover
- 0.712%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 4 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 Binance live order book, 7 min ago | 0.99 bp | 19.0 bp −$19 | 57.2 bp −$572 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.97 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
SPX on 19 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 SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.537% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5064 | +0.146% | $136K | $359K | 5x | as long as short |
| Hyperliquid SPXshort | +0.0100% | 1h | 0.5055 | −0.032% | $10.1M | $7.4M | 5x | |
| Binance SPXUSDTlong | +0.0100% | 4h | 0.5057 | long leg | $5.1M | $21.1M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5049 | −0.153% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5055 | −0.034% | $942K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5054 | −0.054% | $1.0M | $558K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5056 | −0.014% | $11.9M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5057 | +0.006% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5056 | −0.014% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5054 | −0.054% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5071 | +0.274% | $885K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5082 | +0.500% | $25K | $253K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5054 | −0.054% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5056 | −0.010% | $33K | $250K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0143% | 4h | 0.5070 | +0.263% | $20K | $599 | 10x | as long as short |
| Aster SPXUSDT | +0.0146% | 4h | 0.5064 | +0.153% | $129K | $111K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5063 | +0.124% | $253K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1423% | 1h | 0.5068 | +0.213% | $251K | $544K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Extended SPX-USD
Orderly PERP_SPX_USDC
Aster SPXUSDT
BloFin SPX-USDT
Kraken Futures PF_SPXUSD