Funding you earn now, next payment 03:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.032%
Price spread now: BloFin against Hyperliquid+0.156%47s7-day average −0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as 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−$720.719% of the position
Funding, last 7 days+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)−1.024%−$102 · spread now +0.156%, 7d avg −0.094%
=Together, before fees−0.821%+ Points / potential airdropHyperliquid: Season 2 · farm board−$82 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.250% dearer against Hyperliquid than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.094%. The two prices were read 47 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 SPX | 0.5055 | 0.0100 | pay 0.0013% / 1h | 18m 24s | $10.1M | $7.4M | 5x |
| Short | BloFin SPX-USDT | 0.5063 | 0.0340 | get 0.0170% / 4h | 1h 18m | $253K | $1.0M | 75x |
Hyperliquid SPX
BloFin SPX-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
- $50.4
- Price spread: +0.156% → −0.094%
- $25.02
- Slippage, 4 orders
- −$50.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $3.54
- Costs to cover
- 0.719%
- Break-even
- 6.5 days
Slippage from Hyperliquid: live order book, 4 min ago; BloFin: 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 Hyperliquid live order book, 4 min ago | 1.97 bp | 19.7 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.97 bp | 23.8 bp −$24 | 43.6 bp −$436 | 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 | −1.505% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5064 | +0.178% | $136K | $359K | 5x | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.5055 | long leg | $10.1M | $7.4M | 5x | |
| Binance SPXUSDT | +0.0100% | 4h | 0.5052 | −0.067% | $5.1M | $21.1M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5045 | −0.200% | $11.4M | $16.1M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5045 | −0.200% | $943K | $2.9M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5049 | −0.121% | $1.0M | $558K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5052 | −0.061% | $11.9M | $4.8M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5057 | +0.038% | $3.7M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5055 | −0.002% | $2.6M | $1.4M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Binance SPXUSDT
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 | 0.5052 | −0.061% | — | $6.9M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5071 | +0.306% | $885K | $1.4M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5082 | +0.532% | $25K | $253K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5048 | −0.140% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5050 | −0.107% | $33K | $250K | 10x | as long as short |
| Orderly PERP_SPX_USDC | +0.0143% | 4h | 0.5059 | +0.077% | $20K | $599 | 10x | as long as short |
| Aster SPXUSDT | +0.0146% | 4h | 0.5063 | +0.152% | $129K | $111K | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5063 | +0.156% | $253K | $1.0M | 75x | |
| Kraken Futures PF_SPXUSD | +0.1426% | 1h | 0.5057 | +0.035% | $250K | $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
Kraken Futures PF_SPXUSD