Funding you earn now, next payment 04:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h −0.106%
Price spread now: BloFin against Hyperliquid+0.045%47s7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$930.930% of the position
Funding, last 7 days−0.508%−$51 on $10k
+Price spread, last 4 days (all we have)+0.585%+$58 · spread now +0.045%, 7d avg −0.090%
=Together, before fees+0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.135% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.090%): +$14 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.508% in total) that is about 45 hours. The two prices were read 47 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 -0.508% in total (about -26.5% 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 | Hyperliquid HEMI | 0.006615 | 0.0990 | pay 0.0124% / 1h | 22m 29s | $1.1M | $350K | 3x |
| Short | BloFin HEMI-USDT | 0.006618 | 0.0234 | get 0.0117% / 4h | 22m 29s | $368K | $57K | 20x |
Hyperliquid HEMI
BloFin HEMI-USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$158.83
- Price spread: +0.045% → −0.090%
- $13.51
- Slippage, 4 orders
- −$71.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$238.31
- Costs to cover
- 0.930%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; BloFin: live order book, 13 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 | 0.76 bp | 25.3 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 3.81 bp | 23.6 bp −$24 | 73.0 bp −$730 | doesn't fit | doesn't fit |
HEMI on 12 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 HEMIUSDT | +0.0100% | 4h | 0.006586 | −0.442% | $76K | $47K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006594 | −0.317% | $1.8M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006604 | −0.166% | $851K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006554 | −0.918% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006755 | +2.116% | $1K | $1.2M | 20x | as long as short |
| BingX HEMI-USDT | +0.0180% | 4h | 0.006596 | −0.287% | — | $1.4M | — | as long as short |
| Extended HEMI-USD | +0.0184% | 1h | 0.006589 | −0.391% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0186% | 4h | 0.006606 | −0.136% | $1.7M | $287K | 50x | as long as short |
| Binance HEMIUSDT | +0.0187% | 4h | 0.006601 | −0.206% | $6.6M | $10.8M | 20x | as long as short |
| BloFin HEMI-USDTshort | +0.0234% | 4h | 0.006618 | +0.045% | $368K | $57K | 20x |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BingX HEMI-USDT
Extended HEMI-USD
MEXC HEMI_USDT
Binance HEMIUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0310% | 4h | 0.006596 | −0.287% | $516K | $284K | 20x | as long as short |
| Hyperliquid HEMIlong | +0.0990% | 1h | 0.006615 | long leg | $1.1M | $350K | 3x |
Gate HEMI_USDT