Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h +0.001%

Price spread now: BloFin against Hyperliquid−0.057%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.057%, 7d avg −0.082%

Together, before fees−0.091%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.025% dearer against Hyperliquid than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TURBO	0.001055	0.0100	pay 0.0013% / 1h	51m 18s	$313K	$142K	3x
Short	BloFin TURBO-USDT	0.001054	0.0114	get 0.0057% / 4h	51m 18s	$157K	$425K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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

Position, each leg$Hold fordaysFee HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $3.03
Price spread: −0.057% → −0.082%: $2.46
Slippage, 4 orders: −$58.86
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.37
Costs to cover: 0.799%
Break-even: 178.7 days

Slippage from Hyperliquid: live order book, 38 min ago; BloFin: live order book, 49 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, 38 min ago	4.70 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 49 min ago	3.78 bp	23.8 bp −$24	50.9 bp −$509	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	−0.0514%	1h	0.001054	−0.086%	$67K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.327%	$83	$4	5.5x	as long as short
Hyperliquid TURBOlong	+0.0100%	1h	0.001055	long leg	$313K	$142K	3x
Aster TURBOUSDT	+0.0100%	4h	0.001055	−0.010%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001054	−0.125%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001053	−0.161%	$390K	$737K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001052	−0.275%	$914K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001053	−0.209%	$398K	$253K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001054	−0.114%	$5.4M	$559K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001054	−0.085%	$1.9M	$806K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001056	+0.095%	$1.0M	$488K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001053	−0.199%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001053	−0.198%	$400	$168K	5x	as long as short
BloFin TURBO-USDTshort	+0.0114%	4h	0.001054	−0.057%	$157K	$425K	75x