Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.085%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$880.880% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now −0.085%, 7d avg −0.064%
=Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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: Bitget is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.064%.
| 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 | 52m 50s | $2.0M | $401K | 5x |
| Short | Bitget WUSDT | 0.01178 | 0.0100 | get 0.0050% / 4h | 2h 52m | $1.3M | $567K | 50x |
Hyperliquid W
Bitget WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.085% → −0.064%
- −$2.06
- Slippage, 4 orders
- −$66.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$90.05
- Costs to cover
- 0.880%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 3 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 | 4.22 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.51 bp | 23.3 bp −$23 | 130.5 bp −$1,305 | 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 | 0.0000% | 1h | 0.01179 | +0.017% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.545% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0091% | 4h | 0.01179 | +0.034% | $1.3M | $1.9M | 20x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01179 | long leg | $2.0M | $401K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01179 | +0.037% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01176 | −0.221% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01175 | −0.322% | $443K | $263K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01179 | +0.017% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | 0.000% | $444K | $221K | 50x | as long as short |
| Bitget WUSDTshort | +0.0100% | 4h | 0.01178 | −0.085% | $1.3M | $567K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow 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 | −0.085% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01181 | +0.161% | $44K | $48K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.486% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | −0.254% | $123K | $384K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01179 | −0.040% | $59K | $240K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01183 | +0.348% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1539% | 1h | 0.01182 | +0.242% | $147K | $181K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD