Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%
Price spread now: Hyperliquid against BingX+0.085%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$860.865% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now +0.085%, 7d avg +0.165%
=Together, before fees+0.211%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 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 0.080% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.165%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SPX-USDT | 0.5033 | 0.0100 | pay 0.0050% / 4h | 2h 18m | — | $6.9M | — |
| Short | Hyperliquid SPX | 0.5037 | 0.0100 | get 0.0013% / 1h | 18m 07s | $9.8M | $7.2M | 5x |
BingX SPX-USDT
Hyperliquid SPXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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: +0.085% → +0.165%
- −$8
- Slippage, 4 orders
- −$67.46
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$94.47
- Costs to cover
- 0.865%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 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 BingX live order book, 4 min ago | 6.95 bp | 27.3 bp −$27 | 56.7 bp −$567 | 505.0 bp −$50.5K | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.29 bp | 13.3 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0412% | 1h | 0.5042 | +0.173% | $233K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.073% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5043 | +0.197% | $116K | $319K | 5x | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5039 | +0.114% | $877K | $1.3M | — | as long as short |
| Hyperliquid SPXshort | +0.0100% | 1h | 0.5037 | +0.085% | $9.8M | $7.2M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5040 | +0.133% | $124K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5040 | +0.133% | $5.0M | $19.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5035 | +0.040% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5036 | +0.060% | $980K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5039 | +0.119% | $1.0M | $476K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Lighter SPX
Variational Omni SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5042 | +0.179% | $11.6M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5040 | +0.139% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5041 | +0.159% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDTlong | +0.0100% | 4h | 0.5033 | long leg | — | $6.9M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5043 | +0.199% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5050 | +0.338% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5036 | +0.060% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5042 | +0.178% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5047 | +0.278% | $250K | $916K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT