Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX−0.052%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1041.040% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.052%, 7d avg +0.013%
=Together, before fees+0.011%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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 0.064% 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 +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX USUAL-USDT | 0.01354 | 0.0100 | pay 0.0050% / 4h | 1h 50m | — | $1.2M | — |
| Short | Hyperliquid USUAL | 0.01353 | 0.0100 | get 0.0013% / 1h | 50m 04s | $386K | $232K | 3x |
BingX USUAL-USDT
Hyperliquid USUALFunding 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 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: −0.052% → +0.013%
- −$6.44
- Slippage, 4 orders
- −$85.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$110.46
- Costs to cover
- 1.040%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Hyperliquid: live order book, 20 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, 6 min ago | 5.54 bp | 19.4 bp −$19 | 120.2 bp −$1,202 | 557.2 bp −$55.7K | 829.3 bp −$414.7K |
| Sell Hyperliquid live order book, 20 min ago | 3.69 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4025% | 1h | 0.01335 | −1.381% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | −0.070% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01353 | −0.052% | $386K | $232K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01352 | −0.093% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +0.081% | $1.0M | $923K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01354 | +0.022% | $903K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01353 | −0.030% | $5.9M | $258K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01353 | −0.052% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01354 | +0.022% | $819K | $506K | 50x | as long as short |
| BingX USUAL-USDTlong | +0.0100% | 4h | 0.01354 | long leg | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01355 | +0.124% | $9K | $208 | — | as long as short |
Variational Omni USUAL