Funding you earn now, next payment 01:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.004%
Price spread now: Hyperliquid against BingX+0.257%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days−0.064%−$6 · spread now +0.257%, 7d avg +0.176%
=Together, before fees−0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.081% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.176%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 1.0% 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 ENS-USDT | 6.7720 | 0.0100 | pay 0.0100% / 8h | 7h 11m | — | $7.9M | — |
| Short | Hyperliquid ENS | 6.7894 | 0.0375 | get 0.0047% / 1h | 11m 28s | $3.1M | $360K | 5x |
BingX ENS-USDT
Hyperliquid ENSFunding 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
- $57.68
- Price spread: +0.257% → +0.176%
- $8.1
- Slippage, 4 orders
- −$59.7
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.92
- Costs to cover
- 0.787%
- Break-even
- 8.6 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 | 5.18 bp | 17.3 bp −$17 | 40.1 bp −$401 | 285.1 bp −$28.5K | 482.4 bp −$241.2K |
| Sell Hyperliquid live order book, 10 min ago | 1.33 bp | 17.9 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
ENS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ENSUSD | −0.1388% | 1h | 6.7735 | +0.022% | $91K | $442K | 20x | as long as short |
| Variational Omni ENS | +0.0043% | 8h | 6.7654 | −0.098% | $111K | $5K | — | as long as short |
| OKX ENS-USDT-SWAP | +0.0047% | 8h | 6.7670 | −0.074% | $2.4M | $3.4M | 20x | as long as short |
| Bitget ENSUSDT | +0.0095% | 8h | 6.7750 | +0.044% | $2.9M | $1.3M | 75x | as long as short |
| Aster ENSUSDT | +0.0100% | 8h | 6.7796 | +0.112% | $15K | $103K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.7772 | +0.077% | $5.4M | $13.6M | 75x | as long as short |
| Bybit ENSUSDT | +0.0100% | 8h | 6.7710 | −0.015% | $5.4M | $3.7M | 75x | as long as short |
| Gate ENS_USDT | +0.0100% | 8h | 6.7740 | +0.030% | $463K | $575K | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.7770 | +0.074% | $5.5M | $864K | 75x | as long as short |
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.7800 | +0.118% | $1.8M | $129K | 50x | as long as short |
Kraken Futures PF_ENSUSD
Variational Omni ENS
OKX ENS-USDT-SWAP
Bitget ENSUSDT
Aster ENSUSDT
Binance ENSUSDT
Bybit ENSUSDT
Gate ENS_USDT
MEXC ENS_USDT
KuCoin ENSUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ENS-USDTlong | +0.0100% | 8h | 6.7720 | long leg | — | $7.9M | — | |
| ApeX Omni ENSUSDT | +0.0100% | 1h | 6.7630 | −0.133% | $25K | $605K | 50x | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.7764 | +0.066% | $4K | $107K | 10x | as long as short |
| BloFin ENS-USDT | +0.0104% | 8h | 6.7880 | +0.236% | $311K | $74K | 20x | as long as short |
| Hyperliquid ENSshort | +0.0375% | 1h | 6.7894 | +0.257% | $3.1M | $360K | 5x |
ApeX Omni ENSUSDT
Extended ENS-USD
BloFin ENS-USDT