Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h −0.065%
Price spread now: Coinbase International against Hyperliquid−0.028%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now −0.028%, 7d avg −0.059%
=Together, before fees−0.266%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.031% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.028% now, against its 7-day average of −0.059%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 795.75 | 0.0100 | pay 0.0013% / 1h | 22m 38s | $52.1M | $19.3M | 10x |
| Short | Coinbase International BNB-PERP-INTX | 795.53 | 0.0056 | get 0.0007% / 1h | 22m 38s | $610K | $1.1M | 50x |
Hyperliquid BNB
Coinbase International BNB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$9.24
- Price spread: −0.028% → −0.059%
- $3.14
- Slippage, 4 orders
- −$6.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$32
- Costs to cover
- 0.259%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Coinbase International: live order book, 1 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, 11 min ago | 0.06 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.58 bp | 8.7 bp −$9 | 12.5 bp −$125 | doesn't fit | 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 | 794.91 | −0.106% | $46K | — | 200x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0131% | 1h | 794.86 | −0.112% | $2.5M | $1.0M | 50x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 795.41 | −0.043% | $4K | $239 | 25x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 795.71 | −0.005% | $860K | $3.1M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 794.95 | −0.101% | $9.7M | — | 150x | as long as short |
| Variational Omni BNB | +0.0031% | 8h | 795.62 | −0.016% | $4.1M | $4.8M | — | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +1.174% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0037% | 8h | 795.66 | −0.011% | $6.1M | $19.7M | 200x | as long as short |
| BingX BNB-USDT | +0.0050% | 8h | 795.24 | −0.064% | — | $34.9M | — | as long as short |
| Phemex BNBUSDT | +0.0052% | 8h | 795.48 | −0.034% | $69.6M | $50.8M | 50x | 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
BingX BNB-USDT
Phemex BNBUSDTShow all 45 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BNB_USDT | +0.0052% | 8h | 794.95 | −0.101% | $35.4M | $56.4M | 75x | as long as short |
| Coinbase International BNB-PERP-INTXshort | +0.0056% | 1h | 795.53 | −0.028% | $610K | $1.1M | 50x | |
| MEXC BNB_USDT | +0.0063% | 8h | 796.00 | +0.031% | $82.6M | $12.8M | 200x | as long as short |
| Binance BNBUSDT | +0.0063% | 8h | 795.48 | −0.034% | $495.0M | $809.9M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0068% | 8h | 796.16 | +0.052% | $3.0M | $28.5M | 10x | as long as short |
| dYdX BNB-USD | +0.0078% | 1h | 795.36 | −0.049% | $161K | $63K | 10x | as long as short |
| Phoenix BNB | +0.0088% | 1h | 795.80 | +0.006% | $171K | $36K | 10x | as long as short |
| Lighter BNB | +0.0096% | 1h | 795.35 | −0.051% | $2.8M | $4.0M | 20x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 794.87 | −0.111% | $384K | $409K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 795.00 | −0.094% | $1.4M | $2.7M | 20x | as long as short |
| Hyperliquid BNBlong | +0.0100% | 1h | 795.75 | long leg | $52.1M | $19.3M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 795.41 | −0.043% | $1.2M | $925K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 794.92 | −0.104% | $139.0M | $75.7M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 794.90 | −0.107% | $53.3M | $110.3M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 795.30 | −0.057% | $52K | $134K | 10x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 795.00 | −0.094% | $27.7M | $10.1M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 794.83 | −0.116% | $77.4M | $28.1M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 795.83 | +0.010% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 795.67 | −0.010% | $160K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 794.91 | −0.106% | $111K | $886K | 10x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 795.13 | −0.078% | $32K | $9K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 795.40 | −0.044% | $12K | $1.6M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 795.10 | −0.082% | $391K | $998K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 795.34 | −0.052% | $8.2M | $8.9M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 795.74 | −0.001% | $77K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 794.80 | −0.119% | $1.7M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 795.01 | −0.092% | $382K | $110K | 10x | as long as short |
| RISEx BNB/USDC | +0.0131% | 1h | 795.32 | −0.054% | $1.1M | $1.1M | 20x | as long as short |
| Kalshi KXBNBPERP | +0.0155% | 8h | 795.40 | −0.044% | $112K | $2.7M | 4.8x | as long as short |
| Bulk BNB-USD | +0.0195% | 1h | 795.93 | +0.022% | $644K | $16K | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0256% | 1h | 795.39 | −0.045% | $28K | $2K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 795.42 | −0.041% | $1.6M | $160K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0329% | 1h | 794.70 | −0.132% | $6K | $3K | 40x | as long as short |
| Backpack BNB_USDC_PERP | +0.0383% | 1h | 795.76 | +0.001% | $2.7M | $5.7M | 40x | as long as short |
| Hibachi BNB/USDT-P | +0.0536% | 1h | 795.40 | −0.044% | $68K | $38K | 12x | as long as short |
Gate BNB_USDT
MEXC BNB_USDT
Binance BNBUSDT
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
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
Backpack BNB_USDC_PERP
Hibachi BNB/USDT-P