Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.008%
Price spread now: BloFin against Hyperliquid+0.092%87s7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as 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−$630.627% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.092%, 7d avg −0.024%
=Together, before fees+0.155%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.117% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.024%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you. 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 BERA | 0.2278 | 0.0151 | pay 0.0019% / 1h | 1m 43s | $2.9M | $608K | 5x |
| Short | BloFin BERA-USDT | 0.2280 | 0.0121 | get 0.0061% / 4h | 3h 01m | $281K | $73K | 75x |
Hyperliquid BERA
BloFin BERA-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
- −$6.22
- Price spread: +0.092% → −0.024%
- $11.66
- Slippage, 4 orders
- −$41.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$57.25
- Costs to cover
- 0.627%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 28 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, 10 min ago | 0.65 bp | 14.7 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 28 min ago | 4.34 bp | 14.6 bp −$15 | 36.9 bp −$369 | doesn't fit | doesn't fit |
BERA on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.5000% | 1h | 0.2142 | −5.966% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.1544% | 1h | 0.2274 | −0.162% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0304% | 1h | 0.2298 | +0.882% | $20K | $61K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2274 | −0.184% | $64K | $84K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2274 | −0.164% | $16K | $21K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2274 | −0.171% | $5.4M | $10.0M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2271 | −0.303% | $3.0M | $2.4M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2271 | −0.303% | $1.4M | $2.1M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2275 | −0.127% | $359K | $285K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2274 | −0.171% | $1.2M | $381K | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDT
MEXC BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2274 | −0.171% | $545K | $132K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2275 | −0.127% | $1.5M | $799K | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2272 | −0.259% | — | $6.6M | — | as long as short |
| Backpack BERA_USDC_PERP | +0.0100% | 1h | 0.2275 | −0.132% | $27K | $148K | 5x | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2287 | +0.382% | $84K | $52K | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2292 | +0.619% | $112K | $2.9M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | +0.531% | $40K | $450K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2275 | −0.127% | $9K | $937 | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2274 | −0.171% | $368 | $6K | 5x | as long as short |
| BloFin BERA-USDTshort | +0.0121% | 4h | 0.2280 | +0.092% | $281K | $73K | 75x | |
| Hyperliquid BERAlong | +0.0151% | 1h | 0.2278 | long leg | $2.9M | $608K | 5x | |
| GMX BERA/USD [ETH-USDC] | L +0.0159% / S −0.0055% | 1h | 0.2275 | −0.128% | $4K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0160% | 1h | 0.2274 | −0.171% | $3K | $864 | 5x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0190% | 1h | 0.2275 | −0.127% | $8K | $50K | 25x | as long as short |
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
Backpack BERA_USDC_PERP
Variational Omni BERA
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
Deribit BERA_USDC-PERPETUAL