Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.080%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days−0.015%−$2 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now −0.080%, 7d avg −0.029%
=Together, before fees−0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.051% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01179 | 0.0100 | pay 0.0013% / 1h | 2m 48s | $2.0M | $425K | 5x |
| Short | Binance WUSDT | 0.01178 | 0.0100 | get 0.0050% / 4h | 1h 02m | $3.0M | $6.9M | 50x |
Hyperliquid W
Binance WUSDTFunding 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: −0.080% → −0.029%
- −$5.15
- Slippage, 4 orders
- −$69.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$93.19
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 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, 8 min ago | 4.24 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.27 bp | 26.0 bp −$26 | 88.0 bp −$880 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX W-USDT-SWAP | −0.0086% | 4h | 0.01177 | −0.153% | $1.3M | $2.0M | 20x | as long as short |
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01179 | +0.017% | $17K | $1K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.545% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01179 | long leg | $2.0M | $425K | 5x | |
| Binance WUSDTshort | +0.0100% | 4h | 0.01178 | −0.080% | $3.0M | $6.9M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | −0.221% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.144% | $444K | $294K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | −0.076% | $12.8M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01180 | +0.085% | $462K | $218K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | −0.085% | $1.3M | $574K | 50x | as long as short |
OKX W-USDT-SWAP
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
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-USDT | +0.0100% | 4h | 0.01178 | −0.127% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.230% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01178 | −0.113% | $129K | $385K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01178 | −0.077% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01181 | +0.144% | $14K | $17K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0396% | 1h | 0.01182 | +0.235% | $146K | $182K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.0427% | 1h | 0.01180 | +0.059% | $44K | $47K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP