Funding you earn now, next payment 06:00 UTC−0.1099%/8h= −120.3% APRpaid last 24h −0.471%
Price spread now: BingX against Hyperliquid−0.562%7-day average −0.404% · you buy dearer than you sell
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1651.647% of the position
Funding, last 7 days−0.767%−$77 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.562%, 7d avg −0.404%
=Together, before fees−0.726%+ Points / potential airdropHyperliquid: Season 2 · farm board−$73 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and BingX is 0.158% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.404%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.767% in total (about -40.0% 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 | Hyperliquid HMSTR | 0.0001780 | 0.1169 | pay 0.0146% / 1h | 21m 08s | $2.0M | $113K | 3x |
| Short | BingX HMSTR-USDT | 0.0001770 | 0.0070 | get 0.0035% / 4h | 2h 21m | — | $1.3M | — |
Hyperliquid HMSTR
BingX HMSTR-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
- −$230.73
- Price spread: −0.562% → −0.404%
- −$15.82
- Slippage, 4 orders
- −$145.74
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$411.29
- Costs to cover
- 1.647%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 9 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, 10 min ago | 28.17 bp | 97.0 bp −$97 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 5.66 bp | 14.7 bp −$15 | 78.0 bp −$780 | 630.2 bp −$63.0K | 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-USDTshort | +0.0070% | 4h | 0.0001770 | −0.562% | — | $1.3M | — | |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001768 | −0.657% | $33K | $6K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001766 | −0.787% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001767 | −0.730% | $1.5M | $598K | 25x | as long as short |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001769 | −0.618% | $614K | $744K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001768 | −0.674% | $405K | $228K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001765 | −0.843% | $382K | $115K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001768 | −0.674% | $252K | $54K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001759 | −1.168% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001757 | −1.292% | $13K | $603K | 50x | as long as short |
Aster HMSTRUSDT
Binance 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 | 0.0001768 | −0.701% | $923 | — | 5x | as long as short |
| Hyperliquid HMSTRlong | +0.1169% | 1h | 0.0001780 | long leg | $2.0M | $113K | 3x | |
| Kraken Futures PF_HMSTRUSD | +0.2880% | 1h | 0.0001771 | −0.517% | $10K | $6K | 10x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD