Settings8H · net · $10k
Funding arb · Price arb /

CC

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.026%
Price spread now: BloFin against Hyperliquid−0.164%87s7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.663% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.140%+$14 on $10k
Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.164%, 7d avg −0.164%
Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.164%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11610.0100pay 0.0013% / 1h33m 48s$5.4M$1.4M3x
ShortBloFin CC-USDT0.11590.0340get 0.0170% / 4h1h 33m$581K$105K75x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$50.4
Price spread: −0.164% → −0.164%
$0.01
Slippage, 4 orders
−$45.34
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$15.93
Costs to cover
0.663%
Break-even
9.2 days
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago1.29 bp14.7 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 47 min ago0.43 bp17.7 bp −$1848.6 bp −$486doesn't fitdoesn't fit

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3951%1h0.1144−1.447%$6K$975.5xas long as short
Gate CC_USDT+0.0048%4h0.1158−0.258%$359K$212K50xas long as short
Paradex CC-USD-PERP+0.0090%8h0.1158−0.259%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1161long leg$5.4M$1.4M3x
Aster CCUSDT+0.0100%4h0.1158−0.216%$34K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.1158−0.198%$10.9M$11.1M75xas long as short
Bybit CCUSDT+0.0100%4h0.1158−0.233%$10.5M$3.8M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1160−0.095%$2.5M$3.4M20xas long as short
MEXC CC_USDT+0.0100%4h0.1158−0.241%$1.6M$309K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1159−0.146%$491K$115K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1159−0.129%$929K$787K20xas long as short
BingX CC-USDT+0.0100%4h0.1158−0.276%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1158−0.267%$16K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1160−0.063%$577K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1158−0.233%$87K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1157−0.349%$7K$35K6.7xas long as short
BloFin CC-USDTshort+0.0340%4h0.1159−0.164%$581K$105K75x
GMX CC/USD [WBTC.b-USDC]L +0.0441% / S −0.0239%1h0.1158−0.240%$43K50xas long as short
Lighter CC+0.1216%1h0.1163+0.198%$233K$152K5xas long as short