Funding you earn now, next payment 04:00 UTC−0.0207%/8h= −22.7% APRpaid last 24h −0.006%
Price spread now: Bitget against Hyperliquid−0.059%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.059%, 7d avg −0.023%
=Together, before fees+0.177%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.036% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUSHI | 0.2536 | 0.0100 | pay 0.0013% / 1h | 31m 52s | $355K | $335K | 3x |
| Short | Bitget SUSHIUSDT | 0.2535 | −0.0107 | pay 0.0107% / 8h | 4h 31m | $1.0M | $710K | 50x |
Hyperliquid SUSHI
Bitget SUSHIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$43.47
- Price spread: −0.059% → −0.023%
- −$3.59
- Slippage, 4 orders
- −$43.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$112.02
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 58 min ago; Bitget: 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, 58 min ago | 3.34 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 5.95 bp | 13.4 bp −$13 | 31.1 bp −$311 | doesn't fit | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDTshort | −0.0107% | 8h | 0.2535 | −0.059% | $1.0M | $710K | 50x | |
| Variational Omni SUSHI | +0.0014% | 8h | 0.2520 | −0.668% | $41K | $13K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.335% | $16 | $18K | 5.5x | as long as short |
| BloFin SUSHI-USDT | +0.0081% | 8h | 0.2534 | −0.099% | $213K | $38K | 75x | as long as short |
| Hyperliquid SUSHIlong | +0.0100% | 1h | 0.2536 | long leg | $355K | $335K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2537 | +0.011% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2538 | +0.062% | $3.9M | $9.1M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2537 | +0.004% | $2.5M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2539 | +0.099% | $1.6M | $3.3M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2536 | −0.020% | $564K | $235K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
BloFin SUSHI-USDT
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2537 | +0.020% | $1.2M | $267K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2537 | +0.020% | $1.2M | $233K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2539 | +0.099% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2533 | −0.138% | $85K | $72K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0363% | 1h | 0.2535 | −0.049% | $763K | $61K | 20x | as long as short |
MEXC SUSHI_USDT
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD