Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.064%
Price spread now: BingX against Hyperliquid−0.197%7-day average −0.164% · 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−$94as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.197%, 7d avg −0.164%
=Together, before fees−0.111%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: BingX is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5070 | 0.0100 | pay 0.0013% / 1h | 37m 30s | $9.9M | $7.7M | 5x |
| Short | BingX SPX-USDT | 0.5060 | 0.0100 | get 0.0050% / 4h | 37m 30s | — | $6.9M | — |
Hyperliquid SPX
BingX SPX-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
- $0
- Price spread: −0.197% → −0.164%
- −$3.31
- Slippage, 4 orders
- −$71.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$93.67
- Costs to cover
- 0.904%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 15 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 | 3.15 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 7.95 bp | 26.5 bp −$27 | 63.2 bp −$632 | 237.2 bp −$23.7K | 1146.9 bp −$573.4K |
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 | −0.1171% | 1h | 0.5091 | +0.419% | $242K | $560K | 20x | as long as short |
| Variational Omni SPX | −0.0003% | 4h | 0.5073 | +0.066% | $854K | $1.3M | — | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.795% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5067 | −0.069% | $117K | $319K | 5x | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.5070 | long leg | $9.9M | $7.7M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5074 | +0.070% | $129K | $109K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5063 | −0.148% | $5.0M | $21.0M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5052 | −0.355% | $11.5M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5061 | −0.178% | $964K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5065 | −0.099% | $1.0M | $499K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Variational Omni SPX
Injective SPX/USDC PERP
Lighter 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 | 0.5063 | −0.138% | $11.2M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5061 | −0.178% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5070 | 0.000% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDTshort | +0.0100% | 4h | 0.5060 | −0.197% | — | $6.9M | — | |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5083 | +0.256% | $46K | $246K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5081 | +0.217% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5068 | −0.039% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5060 | −0.204% | $35K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5083 | +0.256% | $247K | $990K | 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