Funding you earn now, next payment 22:00 UTC−0.1342%/8h= −147.0% APRpaid last 24h −0.240%
Price spread now: BingX against Hyperliquid−0.497%7-day average −0.318% · you buy dearer than you sell
Net, funding: paid 7d − costs−$321as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2572.569% of the position
Funding, last 7 days−0.642%−$64 on $10k
+Price spread, last 7 days+0.280%+$28 · spread now −0.497%, 7d avg −0.318%
=Together, before fees−0.362%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and BingX is 0.178% cheaper against Hyperliquid than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.318%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.642% in total (about -33.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APEX | 0.2578 | 0.1442 | pay 0.0180% / 1h | 27m 06s | $2.9M | $119K | 3x |
| Short | BingX APEX-USDT | 0.2565 | 0.0100 | get 0.0050% / 4h | 2h 27m | — | $1.3M | — |
Hyperliquid APEX
BingX APEX-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
- −$281.85
- Price spread: −0.497% → −0.318%
- −$17.82
- Slippage, 4 orders
- −$237.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$556.57
- Costs to cover
- 2.569%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 9 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, 4 min ago | 4.26 bp | 59.2 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 27.40 bp | 66.0 bp −$66 | 241.6 bp −$2,416 | 908.3 bp −$90.8K | 1171.6 bp −$585.8K |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDT | +0.0100% | 4h | 0.2569 | −0.341% | $3.6M | $1.3M | 25x | as long as short |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2568 | −0.380% | $594K | $252K | 50x | as long as short |
| BingX APEX-USDTshort | +0.0100% | 4h | 0.2565 | −0.497% | — | $1.3M | — | |
| Variational Omni APEX | +0.0100% | 4h | 0.2570 | −0.288% | $17K | $4K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2567 | −0.419% | $137K | $476K | 50x | as long as short |
| BloFin APEX-USDT | +0.0153% | 4h | 0.2572 | −0.225% | $94K | $2K | 25x | as long as short |
| Hyperliquid APEXlong | +0.1442% | 1h | 0.2578 | long leg | $2.9M | $119K | 3x | |
| Lighter APEX | +0.1592% | 1h | 0.2580 | +0.074% | $54K | $20K | 5x | as long as short |
Bybit APEXUSDT
MEXC APEX_USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Lighter APEX