Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.036%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1471.467% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.036%, 7d avg −0.012%
=Together, before fees+0.012%+ 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: BingX is 0.049% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01372 | 0.0100 | pay 0.0013% / 1h | 36m 44s | $395K | $202K | 3x |
| Short | BingX USUAL-USDT | 0.01372 | 0.0100 | get 0.0050% / 4h | 36m 44s | — | $1.2M | — |
Hyperliquid USUAL
BingX USUAL-USDTFunding 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 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: +0.036% → −0.012%
- $4.87
- Slippage, 4 orders
- −$127.67
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$141.8
- Costs to cover
- 1.467%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 23 min ago; BingX: live order book, 5 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, 23 min ago | 7.32 bp | 40.8 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.46 bp | 24.6 bp −$25 | 109.7 bp −$1,097 | 483.5 bp −$48.4K | 770.5 bp −$385.3K |
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 | −0.4582% | 1h | 0.01360 | −0.875% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0768% | 1h | 0.01371 | −0.101% | $111K | $18K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01372 | long leg | $395K | $202K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01370 | −0.131% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01373 | +0.073% | $1.0M | $825K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01373 | +0.073% | $928K | $212K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01370 | −0.138% | $6.0M | $247K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01373 | +0.073% | $280K | $60K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01372 | 0.000% | $833K | $452K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01372 | +0.036% | — | $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 | 0.01376 | +0.283% | $9K | $208 | — | as long as short |
Variational Omni USUAL