Settings8H · net · $10k
Funding arb · Price arb /

TURBO

all TURBO markets
SwapBacktest
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: BingX against Hyperliquid−0.019%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$980.980% of the position
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)+0.452%+$45 · spread now −0.019%, 7d avg −0.025%
Together, before fees+0.452%+ Points / potential airdropHyperliquid: Season 2 · farm board+$45 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid TURBO0.0010610.0100pay 0.0013% / 1h53m 29s$315K$142K3x
ShortBingX TURBO-USDT0.0010610.0100get 0.0050% / 4h53m 29s$7.7M

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

Profit calculator

Funding earned
$0
Price spread: −0.019% → −0.025%
$0.57
Slippage, 4 orders
−$79.05
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$97.48
Costs to cover
0.980%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 36 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 36 min ago4.70 bp23.3 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 14 min ago7.98 bp32.9 bp −$3375.0 bp −$750380.0 bp −$38.0K559.3 bp −$279.6K

TURBO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TURBOUSD−0.0510%1h0.001061−0.005%$68K$28K20xas long as short
Injective TURBO/USDC PERP+0.0033%1h0.001069+0.754%$83$45.5xas long as short
Hyperliquid TURBOlong+0.0100%1h0.001061long leg$315K$142K3x
Aster TURBOUSDT+0.0100%4h0.001061+0.001%$9K$20K10xas long as short
Binance TURBOUSDT+0.0100%4h0.001060−0.081%$2.9M$5.8M50xas long as short
Bybit 1000TURBOUSDT+0.0100%4h0.001062+0.085%$393K$736K25xas long as short
OKX TURBO-USDT-SWAP+0.0100%4h0.001060−0.075%$920K$1.9M20xas long as short
Gate TURBO_USDT+0.0100%4h0.001061−0.028%$401K$253K25xas long as short
MEXC TURBO_USDT+0.0100%4h0.001060−0.075%$5.4M$559K20xas long as short
KuCoin TURBOUSDTM+0.0100%4h0.001061−0.038%$1.9M$805K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TURBOUSDT+0.0100%4h0.0010610.000%$1.0M$488K25xas long as short
BingX TURBO-USDTshort+0.0100%4h0.001061−0.019%$7.7M
Extended TURBO-USD+0.0104%1h0.001060−0.093%$402$168K5xas long as short
BloFin TURBO-USDT+0.0154%4h0.001062+0.075%$159K$427K75xas long as short