Funding you earn now, next payment 02:00 UTC−0.1330%/8h= −145.6% APRpaid last 24h −0.413%
Price spread now: Binance against Hyperliquid−0.358%7-day average −0.380% · you buy dearer than you sell
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1791.787% of the position
Funding, last 7 days−0.665%−$66 on $10k
+Price spread, last 7 days+0.014%+$1 · spread now −0.358%, 7d avg −0.380%
=Together, before fees−0.651%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.023% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.358% now, against its 7-day average of −0.380%): +$2 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.665% in total) that is about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.665% in total (about -34.7% 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 HMSTR | 0.0001790 | 0.1430 | pay 0.0179% / 1h | 27m 12s | $2.0M | $117K | 3x |
| Short | Binance HMSTRUSDT | 0.0001784 | 0.0100 | get 0.0050% / 4h | 2h 27m | $2.2M | $2.1M | 10x |
Hyperliquid HMSTR
Binance HMSTRUSDTFunding 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
- −$279.3
- Price spread: −0.358% → −0.380%
- $2.27
- Slippage, 4 orders
- −$159.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$455.69
- Costs to cover
- 1.787%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 7 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, 4 min ago | 27.85 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.81 bp | 19.5 bp −$19 | 135.1 bp −$1,351 | doesn't fit | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001781 | −0.503% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001782 | −0.425% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDTshort | +0.0100% | 4h | 0.0001784 | −0.358% | $2.2M | $2.1M | 10x | |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001784 | −0.335% | $1.5M | $607K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001783 | −0.391% | $602K | $840K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001780 | −0.559% | $397K | $159K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001782 | −0.447% | $388K | $117K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001780 | −0.559% | $248K | $47K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001780 | −0.546% | $2K | $920 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001777 | −0.726% | $13K | $614K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Bybit HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001783 | −0.378% | $928 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.1029% | 1h | 0.0001785 | −0.297% | $10K | $7K | 10x | as long as short |
| Hyperliquid HMSTRlong | +0.1430% | 1h | 0.0001790 | long leg | $2.0M | $117K | 3x |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD