Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.033%
Price spread now: Binance against Hyperliquid−0.019%7-day average −0.106% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days−0.265%−$27 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now −0.019%, 7d avg −0.106%
=Together, before fees−0.298%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.086% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.106%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 7 days (−0.265% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9872 | 0.0100 | pay 0.0013% / 1h | 31m 52s | $8.6M | $9.4M | 5x |
| Short | Binance FILUSDT | 0.9870 | 0.0076 | get 0.0076% / 8h | 1h 31m | $56.8M | $175.1M | 75x |
Hyperliquid FIL
Binance FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$5.03
- Price spread: −0.019% → −0.106%
- $8.63
- Slippage, 4 orders
- −$14.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$29.83
- Costs to cover
- 0.334%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Binance: live order book, 11 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 | 1.77 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.50 bp | 5.8 bp −$6 | 13.6 bp −$136 | 53.4 bp −$5,345 | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0862% | 1h | 0.9877 | +0.052% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0695% | 1h | 0.9876 | +0.038% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9871 | −0.009% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.171% | $2K | $240K | 12x | as long as short |
| Bitget FILUSDT | −0.0016% | 8h | 0.9869 | −0.029% | $11.0M | $21.5M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9870 | −0.015% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9883 | +0.111% | $58K | $2K | 10x | as long as short |
| Bybit FILUSDT | +0.0007% | 8h | 0.9871 | −0.009% | $15.5M | $18.0M | 25x | as long as short |
| KuCoin FILUSDTM | +0.0011% | 8h | 0.9867 | −0.050% | $7.4M | $7.0M | 50x | as long as short |
| Lighter FIL | +0.0024% | 1h | 0.9866 | −0.063% | $158K | $349K | 5x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Bybit FILUSDT
KuCoin FILUSDTM
Lighter FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0029% | 8h | 0.9870 | −0.019% | $18.1M | $97.2M | 50x | as long as short |
| MEXC FIL_USDC | +0.0074% | 8h | 0.9867 | −0.050% | $251K | $104K | 50x | as long as short |
| Binance FILUSDTshort | +0.0076% | 8h | 0.9870 | −0.019% | $56.8M | $175.1M | 75x | |
| Extended FIL-USD | +0.0080% | 1h | 0.9869 | −0.029% | $689K | $2.3M | 10x | as long as short |
| BingX FIL-USDC | +0.0080% | 8h | 0.9871 | −0.009% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0099% | 8h | 0.9875 | +0.035% | $439K | $277K | — | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9872 | long leg | $8.6M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9873 | +0.012% | $496K | $525K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9870 | −0.019% | $7.8M | $16.2M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9864 | −0.084% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9868 | −0.043% | $287K | $803K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | −0.121% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9873 | +0.013% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9870 | −0.019% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9870 | −0.019% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9868 | −0.040% | $624K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9870 | −0.019% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0196% | 8h | 0.9887 | +0.153% | $2.7M | $657K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0597% / S −0.0709% | 1h | 0.9868 | −0.037% | $206K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDC
Variational Omni FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]