Funding you earn now, next payment 02:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against Binance+0.086%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.086%, 7d avg +0.060%
=Together, before fees+0.026%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.025% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance STXUSDT | 0.3348 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $7.7M | $18.7M | 75x |
| Short | Hyperliquid STX | 0.3351 | 0.0253 | get 0.0032% / 1h | 51m 18s | $1.5M | $783K | 5x |
Binance STXUSDT
Hyperliquid STXFunding 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
- $32.12
- Price spread: +0.086% → +0.060%
- $2.53
- Slippage, 4 orders
- −$42.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$27.18
- Costs to cover
- 0.618%
- Break-even
- 12.9 days
Slippage from Binance: live order book, 5 min ago; Hyperliquid: live order book, 9 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, 5 min ago | 1.50 bp | 16.6 bp −$17 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 2.96 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
STX on 18 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_STXUSD | −0.1125% | 1h | 0.3352 | +0.110% | $70K | $126K | 20x | as long as short |
| Variational Omni STX | −0.0362% | 8h | 0.3342 | −0.172% | $766K | $295K | — | as long as short |
| ApeX Omni STXUSDT | −0.0316% | 1h | 0.3348 | −0.007% | $49K | $686K | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3346 | −0.059% | — | — | 150x | as long as short |
| Bitget STXUSDT | +0.0029% | 8h | 0.3345 | −0.097% | $4.6M | $2.0M | 50x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.428% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3348 | +0.007% | $125K | $58K | 10x | as long as short |
| Binance STXUSDTlong | +0.0100% | 8h | 0.3348 | long leg | $7.7M | $18.7M | 75x | |
| Bybit STXUSDT | +0.0100% | 8h | 0.3344 | −0.126% | $8.5M | $6.9M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3346 | −0.067% | $2.3M | $5.6M | 20x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
ApeX Omni STXUSDT
gTrade (Gains Network) STX/USD
Bitget STXUSDT
Injective STX/USDC PERP
Aster STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STX_USDT | +0.0100% | 8h | 0.3344 | −0.126% | $585K | $339K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3347 | −0.037% | $6.0M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3346 | −0.067% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3345 | −0.097% | — | $13.6M | — | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3347 | −0.032% | $176K | $612K | 10x | as long as short |
| BloFin STX-USDT | +0.0106% | 8h | 0.3348 | −0.007% | $415K | $218K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3347 | −0.041% | $4K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0253% | 1h | 0.3351 | +0.086% | $1.5M | $783K | 5x |
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]