Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.8% APRpaid last 24h +0.036%
Price spread now: BloFin against Hyperliquid−0.215%87s7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.475% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 3 days (all we have)+0.285%+$29 · spread now −0.215%, 7d avg −0.107%
=Together, before fees+0.525%+ Points / potential airdropHyperliquid: Season 2 · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.108% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.107%). If the spread goes back, that is −$11 on $10k: about 3.4 days of funding at the current rate (+$3 a day). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1114 | 0.0100 | pay 0.0013% / 1h | 33m 44s | $3.7M | $1.8M | 5x |
| Short | BloFin ALGO-USDT | 0.1112 | 0.0207 | get 0.0207% / 8h | 7h 33m | $489K | $764K | 75x |
Hyperliquid ALGO
BloFin ALGO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $22.55
- Price spread: −0.215% → −0.107%
- −$10.82
- Slippage, 4 orders
- −$26.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$35.78
- Costs to cover
- 0.475%
- Break-even
- 18.1 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 38 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 | 0.45 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 38 min ago | 0.89 bp | 9.7 bp −$10 | 21.3 bp −$213 | doesn't fit | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0569% | 1h | 0.1114 | −0.044% | $829K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1110 | −0.397% | $61K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1110 | −0.359% | $66K | $271K | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0019% | 1h | 0.1113 | −0.108% | $101K | $50K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1113 | −0.081% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.512% | $834 | $233K | 12x | as long as short |
| Bybit ALGOUSDT | +0.0039% | 8h | 0.1112 | −0.215% | $11.2M | $11.8M | 75x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1112 | −0.195% | $4K | $262K | 10x | as long as short |
| MEXC ALGO_USDT | +0.0089% | 8h | 0.1112 | −0.179% | $22.8M | $3.0M | 200x | as long as short |
| Binance ALGOUSDT | +0.0089% | 8h | 0.1113 | −0.162% | $9.8M | $33.9M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Extended ALGO-USD
MEXC ALGO_USDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1114 | long leg | $3.7M | $1.8M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.113% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1112 | −0.197% | $2.9M | $7.4M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.197% | $874K | $815K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1113 | −0.135% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.206% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1112 | −0.179% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.144% | $66K | $105K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0101% | 8h | 0.1116 | +0.153% | $3.8M | $1.7M | 50x | as long as short |
| BloFin ALGO-USDTshort | +0.0207% | 8h | 0.1112 | −0.215% | $489K | $764K | 75x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1113 | −0.100% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1314% | 1h | 0.1113 | −0.136% | $159K | $3K | 5x | as long as short |
Aster ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD