Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.076%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$920.920% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days−0.070%−$7 · spread now −0.076%, 7d avg −0.073%
=Together, before fees−0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
| 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 24s | $2.0M | $425K | 5x |
| Short | BingX W-USDT | 0.01178 | 0.0100 | get 0.0050% / 4h | 1h 02m | — | $6.9M | — |
Hyperliquid W
BingX W-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: −0.076% → −0.073%
- −$0.31
- Slippage, 4 orders
- −$73.01
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.32
- Costs to cover
- 0.920%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: live order book, just now.
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 BingX live order book, just now | 5.10 bp | 25.0 bp −$25 | 54.5 bp −$545 | 567.6 bp −$56.8K | 1128.2 bp −$564.1K |
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 | 0.01178 | −0.119% | $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 WUSDT | +0.0100% | 4h | 0.01178 | −0.082% | $3.0M | $6.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.187% | $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 | −0.059% | $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 | $571K | 50x | as long as short |
OKX W-USDT-SWAP
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
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-USDTshort | +0.0100% | 4h | 0.01178 | −0.076% | — | $6.9M | — | |
| 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 | −0.105% | $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 |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP