Funding you earn now, next payment 02:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.058%
Price spread now: Binance against Hyperliquid+0.008%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 7 days+0.074%+$7 · spread now +0.008%, 7d avg +0.061%
=Together, before fees−0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.053% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 796.11 | 0.0100 | pay 0.0013% / 1h | 25m 18s | $52.2M | $19.8M | 10x |
| Short | Binance BNBUSDT | 796.17 | 0.0064 | get 0.0064% / 8h | 6h 25m | $495.4M | $810.5M | 75x |
Hyperliquid BNB
Binance BNBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$7.6
- Price spread: +0.008% → +0.061%
- −$5.31
- Slippage, 4 orders
- −$1.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Binance: live order book, 4 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 | 0.06 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.06 bp | 5.1 bp −$5 | 6.2 bp −$62 | 16.5 bp −$1,654 | doesn't fit |
BNB on 45 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0167% / S +0.0335% | 1h | 795.54 | −0.072% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0131% | 1h | 795.58 | −0.067% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 795.89 | −0.028% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 796.40 | +0.036% | $861K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 795.60 | −0.064% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 795.62 | −0.062% | $4.1M | $4.8M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.128% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0038% | 8h | 796.11 | 0.000% | $6.1M | $19.7M | 200x | as long as short |
| Gate BNB_USDT | +0.0048% | 8h | 795.50 | −0.077% | $35.4M | $56.3M | 75x | as long as short |
| BingX BNB-USDT | +0.0050% | 8h | 795.65 | −0.058% | — | $34.9M | — | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Kraken Futures PF_BNBUSD
Hotstuff BNB-PERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
Injective BNB/USDC PERP
Aster BNBUSDT
Gate BNB_USDT
BingX BNB-USDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex BNBUSDT | +0.0051% | 8h | 796.11 | 0.000% | $69.7M | $50.8M | 50x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0056% | 1h | 795.53 | −0.073% | $610K | $1.1M | 50x | as long as short |
| MEXC BNB_USDT | +0.0063% | 8h | 796.30 | +0.024% | $82.7M | $12.8M | 200x | as long as short |
| Binance BNBUSDTshort | +0.0064% | 8h | 796.17 | +0.008% | $495.4M | $810.5M | 75x | |
| GRVT BNB_USDT_Perp | +0.0064% | 8h | 795.99 | −0.015% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0070% | 1h | 795.36 | −0.094% | $161K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 795.80 | −0.039% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 795.82 | −0.036% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 795.52 | −0.074% | $384K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 795.30 | −0.102% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNBlong | +0.0100% | 1h | 796.11 | long leg | $52.2M | $19.8M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 795.55 | −0.070% | $1.2M | $925K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 795.62 | −0.062% | $139.1M | $75.9M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 795.40 | −0.089% | $53.3M | $110.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 795.70 | −0.052% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 795.24 | −0.109% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 795.67 | −0.055% | $77.5M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 795.83 | −0.035% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 794.74 | −0.172% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 795.48 | −0.079% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 795.70 | −0.051% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 795.89 | −0.028% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 795.70 | −0.052% | $391K | $997K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 795.33 | −0.099% | $8.2M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 796.07 | −0.006% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 795.34 | −0.097% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 795.65 | −0.058% | $382K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 795.75 | −0.045% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0157% | 8h | 795.70 | −0.052% | $112K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | −0.023% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 796.05 | −0.008% | $28K | $2K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 795.36 | −0.095% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0390% | 1h | 796.34 | +0.029% | $2.7M | $5.7M | 40x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0400% | 1h | 796.09 | −0.002% | $1.6M | $160K | 25x | as long as short |
| Hibachi BNB/USDT-P | +0.0528% | 1h | 795.94 | −0.022% | $68K | $38K | 12x | as long as short |
Phemex BNBUSDT
Coinbase International BNB-PERP-INTX
MEXC BNB_USDT
GRVT BNB_USDT_Perp
dYdX BNB-USD
Phoenix BNB
Lighter BNB
Orderly PERP_BNB_USDC
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
RISEx BNB/USDC
Kalshi KXBNBPERP
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Deribit BNB_USDC-PERPETUAL
Hibachi BNB/USDT-P