Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.027%
Price spread now: BingX against Hyperliquid−0.151%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$600.603% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 7 days+0.164%+$16 · spread now −0.151%, 7d avg −0.079%
=Together, before fees+0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STX | 0.3435 | 0.0111 | pay 0.0014% / 1h | 33m 58s | $1.4M | $725K | 5x |
| Short | BingX STX-USDT | 0.3430 | 0.0100 | get 0.0100% / 8h | 3h 33m | — | $13.6M | — |
Hyperliquid STX
BingX STX-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
- −$2.37
- Price spread: −0.151% → −0.079%
- −$7.28
- Slippage, 4 orders
- −$41.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.96
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; BingX: 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, 7 min ago | 1.61 bp | 12.6 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 4.39 bp | 15.7 bp −$16 | 38.6 bp −$386 | 296.2 bp −$29.6K | 456.1 bp −$228.1K |
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 | −0.0651% | 1h | 0.3430 | −0.164% | $71K | $112K | 20x | as long as short |
| Variational Omni STX | −0.0213% | 8h | 0.3431 | −0.111% | $788K | $235K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3430 | −0.152% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +0.809% | $4K | $264K | 12x | as long as short |
| BloFin STX-USDT | +0.0074% | 8h | 0.3441 | +0.169% | $422K | $220K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3431 | −0.109% | $129K | $55K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3429 | −0.180% | $7.9M | $17.9M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3425 | −0.297% | $8.8M | $6.4M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3431 | −0.122% | $2.3M | $5.4M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3431 | −0.122% | $615K | $375K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3429 | −0.180% | $6.1M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3432 | −0.093% | $2.4M | $1.1M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3432 | −0.093% | $4.7M | $1.9M | 50x | as long as short |
| BingX STX-USDTshort | +0.0100% | 8h | 0.3430 | −0.151% | — | $13.6M | — | |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3425 | −0.297% | $60K | $694K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3428 | −0.210% | $181K | $609K | 10x | as long as short |
| Hyperliquid STXlong | +0.0111% | 1h | 0.3435 | long leg | $1.4M | $725K | 5x | |
| GMX STX/USD [WBTC.b-USDC] | L +0.0190% / S −0.0304% | 1h | 0.3431 | −0.126% | $5K | — | 100x | as long as short |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]