Funding you earn now, next payment 01:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.157%
Price spread now: BingX against Hyperliquid−0.274%7-day average −0.200% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$600.604% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.274%, 7d avg −0.200%
=Together, before fees−0.122%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and BingX is 0.074% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.200%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% 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 | Hyperliquid CFX | 0.05436 | 0.0904 | pay 0.0113% / 1h | 13m 43s | $3.2M | $382K | 5x |
| Short | BingX CFX-USDT | 0.05421 | 0.0100 | get 0.0100% / 8h | 7h 13m | — | $20.3M | — |
Hyperliquid CFX
BingX CFX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$168.82
- Price spread: −0.274% → −0.200%
- −$7.36
- Slippage, 4 orders
- −$41.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$236.54
- Costs to cover
- 0.604%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BingX: 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 Hyperliquid live order book, 8 min ago | 1.94 bp | 30.1 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.85 bp | 9.4 bp −$9 | 13.1 bp −$131 | 36.4 bp −$3,645 | 321.7 bp −$160.9K |
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 | 0.05418 | −0.324% | $5K | $46K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05422 | −0.262% | $5.5M | $10.7M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05424 | −0.219% | $2.4M | $1.7M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05420 | −0.292% | $2.5M | $6.0M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05420 | −0.292% | $1.1M | $2.9M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05420 | −0.292% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05420 | −0.292% | $884K | $290K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05418 | −0.329% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDTshort | +0.0100% | 8h | 0.05421 | −0.274% | — | $20.3M | — | |
| Variational Omni CFX | +0.0100% | 8h | 0.05417 | −0.354% | $38K | $41K | — | 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 | 0.05404 | −0.579% | $512K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05420 | −0.284% | $3K | $270K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05435 | −0.017% | $35K | $125K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0845% | 1h | 0.05429 | −0.127% | $33K | $23K | 20x | as long as short |
| Hyperliquid CFXlong | +0.0904% | 1h | 0.05436 | long leg | $3.2M | $382K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.2700% | 1h | 0.05440 | +0.075% | $144 | $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