Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against BingX−0.038%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$930.934% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now −0.038%, 7d avg +0.025%

Together, before fees−0.219%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.063% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001060	0.0100	pay 0.0050% / 4h	4m 20s	—	$7.7M	—
Short	Hyperliquid TURBO	0.001060	0.0100	get 0.0013% / 1h	4m 20s	$315K	$145K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee HyperliquidbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.025%: −$6.27
Slippage, 4 orders: −$74.41
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$99.68
Costs to cover: 0.934%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Hyperliquid: live order book, 15 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 BingX live order book, 9 min ago	7.57 bp	22.6 bp −$23	60.1 bp −$601	428.8 bp −$42.9K	585.6 bp −$292.8K
Sell Hyperliquid live order book, 15 min ago	4.73 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit

TURBO on 14 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_TURBOUSD	−0.0510%	1h	0.001061	+0.061%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.811%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0050%	4h	0.001060	−0.028%	$155K	$439K	75x	as long as short
Hyperliquid TURBOshort	+0.0100%	1h	0.001060	−0.038%	$315K	$145K	3x
Aster TURBOUSDT	+0.0100%	4h	0.001060	−0.081%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001060	−0.041%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001060	−0.038%	$390K	$736K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001060	−0.009%	$910K	$2.0M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001060	−0.075%	$387K	$278K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001059	−0.085%	$5.4M	$580K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001059	−0.104%	$1.9M	$809K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001061	+0.057%	$1.0M	$504K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001060	long leg	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001060	−0.063%	$2K	$162K	5x	as long as short