Funding you earn now, next payment 21:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.172%
Price spread now: Hyperliquid against Binance+0.357%7-day average +0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.432%+$43 on $10k
+Price spread, last 7 days−0.333%−$33 · spread now +0.357%, 7d avg +0.190%
=Together, before fees+0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Hyperliquid is 0.168% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.190%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.432% in total (about 22.5% 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 | Binance SYRUPUSDT | 0.2328 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $9.8M | $5.9M | 25x |
| Short | Hyperliquid SYRUP | 0.2336 | 0.1049 | get 0.0131% / 1h | 29m 25s | $5.8M | $1.3M | 3x |
Binance SYRUPUSDT
Hyperliquid SYRUPFunding 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
- $199.31
- Price spread: +0.357% → +0.190%
- $16.76
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $197.07
- Costs to cover
- 0.190%
- Break-even
- 0.1 days
Slippage unknown: Binance: live order book, 1 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.
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, 1 min ago | 1.71 bp | 22.7 bp −$23 | 101.4 bp −$1,014 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.92 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0084% | 4h | 0.2335 | +0.297% | $476K | $132K | 50x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2334 | +0.242% | $165K | $179K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2332 | +0.175% | $11K | $62K | 10x | as long as short |
| Binance SYRUPUSDTlong | +0.0100% | 4h | 0.2328 | long leg | $9.8M | $5.9M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2329 | +0.035% | $2.3M | $1.7M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2329 | +0.035% | $1.2M | $958K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2332 | +0.156% | $436K | $64K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2327 | −0.051% | $3.2M | $576K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2338 | +0.405% | $2.0M | $109K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2328 | −0.008% | $673K | $405K | 20x | as long as short |
BloFin SYRUP-USDT
Lighter SYRUP
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2328 | −0.003% | — | $6.6M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2339 | +0.483% | $167K | $49K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2328 | +0.007% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2328 | −0.024% | $3K | — | 50x | as long as short |
| Hyperliquid SYRUPshort | +0.1049% | 1h | 0.2336 | +0.357% | $5.8M | $1.3M | 3x | |
| Kraken Futures PF_SYRUPUSD | +0.1086% | 1h | 0.2336 | +0.338% | $42K | $25K | 10x | as long as short |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD