Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.143%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1261.260% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.143%, 7d avg −0.049%
=Together, before fees+0.021%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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: Binance is 0.094% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid UMA | 0.4026 | 0.0100 | pay 0.0013% / 1h | 12m 16s | $213K | $68K | 3x |
| Short | Binance UMAUSDT | 0.4020 | 0.0100 | get 0.0050% / 4h | 2h 12m | $1.5M | $1.3M | 50x |
Hyperliquid UMA
Binance UMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.143% → −0.049%
- −$9.38
- Slippage, 4 orders
- −$107.01
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$135.4
- Costs to cover
- 1.260%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 27 min ago; Binance: live order book, 6 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, 27 min ago | 1.87 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.49 bp | 23.6 bp −$24 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
UMA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid UMAlong | +0.0100% | 1h | 0.4026 | long leg | $213K | $68K | 3x | |
| Aster UMAUSDT | +0.0100% | 4h | 0.4022 | −0.090% | $24K | $2K | 5x | as long as short |
| Binance UMAUSDTshort | +0.0100% | 4h | 0.4020 | −0.143% | $1.5M | $1.3M | 50x | |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4022 | −0.094% | $667K | $163K | 25x | as long as short |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4022 | −0.094% | $313K | $242K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4024 | −0.045% | $78K | $46K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4020 | −0.144% | $223K | $171K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4019 | −0.169% | $163K | $62K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4022 | −0.094% | $969K | $71K | 50x | as long as short |
| BingX UMA-USDT | +0.0100% | 4h | 0.4021 | −0.119% | — | $2.3M | — | as long as short |
Aster UMAUSDT
Bybit UMAUSDT
OKX UMA-USDT-SWAP
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDT
BingX UMA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UMA | +0.0100% | 4h | 0.4024 | −0.038% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2499% | 1h | 0.4027 | +0.028% | $14K | $6K | 10x | as long as short |
Variational Omni UMA
Kraken Futures PF_UMAUSD