Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.034%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1021.023% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now +0.034%, 7d avg +0.074%
=Together, before fees+0.083%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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 0.040% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.074%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01177 | 0.0100 | pay 0.0050% / 4h | 2h 18m | — | $6.9M | — |
| Short | Hyperliquid W | 0.01177 | 0.0100 | get 0.0013% / 1h | 18m 46s | $2.0M | $455K | 5x |
BingX W-USDT
Hyperliquid WFunding 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: +0.034% → +0.074%
- −$4.03
- Slippage, 4 orders
- −$83.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$106.28
- Costs to cover
- 1.023%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 2 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, 4 min ago | 2.13 bp | 25.6 bp −$26 | 64.9 bp −$649 | 637.3 bp −$63.7K | 1116.6 bp −$558.3K |
| Sell Hyperliquid live order book, 2 min ago | 4.25 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.1023% | 1h | 0.01177 | +0.017% | $17K | $1K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.754% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0043% | 4h | 0.01175 | −0.102% | $1.3M | $2.1M | 20x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01177 | +0.034% | $2.0M | $455K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | −0.042% | $3.0M | $7.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01175 | −0.178% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | −0.025% | $446K | $301K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | −0.017% | $12.9M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01175 | −0.136% | $417K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01177 | +0.034% | $1.3M | $587K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01177 | long leg | — | $6.9M | — | |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01178 | +0.136% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.073% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | +0.012% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | −0.057% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01178 | +0.119% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0617% | 1h | 0.01179 | +0.200% | $146K | $185K | 20x | as long as short |
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD