Funding you earn now, next payment 03:00 UTC+0.0953%/8h= +104.4% APRpaid last 24h +0.168%
Price spread now: Hyperliquid against BingX+0.171%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$590.594% of the position
Funding, last 7 days+0.259%+$26 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.171%, 7d avg +0.201%
=Together, before fees+0.243%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.030% cheaper against BingX than usual: you would sell low and buy high (spread +0.171% now, against its 7-day average of +0.201%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.259% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.259% in total (about 13.5% 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 | BingX CFX-USDT | 0.05379 | 0.0100 | pay 0.0100% / 8h | 5h 41m | — | $20.2M | — |
| Short | Hyperliquid CFX | 0.05388 | 0.1053 | get 0.0132% / 1h | 41m 10s | $3.2M | $347K | 5x |
BingX CFX-USDT
Hyperliquid CFXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $200.19
- Price spread: +0.171% → +0.201%
- −$3.05
- Slippage, 4 orders
- −$40.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $137.75
- Costs to cover
- 0.594%
- Break-even
- 2.2 days
Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 10 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 BingX live order book, 12 min ago | 1.86 bp | 11.3 bp −$11 | 17.6 bp −$176 | 44.7 bp −$4,465 | 341.9 bp −$170.9K |
| Sell Hyperliquid live order book, 10 min ago | 0.93 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05379 | −0.002% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05375 | −0.073% | $5.4M | $10.1M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05373 | −0.112% | $2.4M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05368 | −0.204% | $2.5M | $5.7M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05377 | −0.037% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05370 | −0.167% | $3.1M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05375 | −0.074% | $880K | $282K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05371 | −0.149% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDTlong | +0.0100% | 8h | 0.05379 | long leg | — | $20.2M | — | |
| Variational Omni CFX | +0.0100% | 8h | 0.05364 | −0.278% | $42K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05377 | −0.029% | $510K | $1.7M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05375 | −0.068% | $4K | $266K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0248% | 1h | 0.05376 | −0.056% | $44K | $125K | 50x | as long as short |
| Hyperliquid CFXshort | +0.1053% | 1h | 0.05388 | +0.171% | $3.2M | $347K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1433% | 1h | 0.05374 | −0.088% | $33K | $19K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.3474% | 1h | 0.05391 | +0.223% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL