Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.011%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$960.963% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.011%, 7d avg +0.039%
Together, before fees+0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPERUSDT0.075290.0100pay 0.0050% / 4h2h 09m$2.0M$2.3M50x
ShortHyperliquid HYPER0.075300.0100get 0.0013% / 1h9m 34s$72K$134K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.011% → +0.039%
−$2.83
Slippage, 4 orders
−$77.27
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$99.1
Costs to cover
0.963%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 10 min ago0.66 bp21.0 bp −$21106.7 bp −$1,067doesn't fitdoesn't fit
Sell Hyperliquid live order book, 30 min ago1.87 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit

HYPER on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTM−0.0286%4h0.07524−0.066%$107K$104K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07530+0.011%$72K$134K3x
Aster HYPERUSDT+0.0100%4h0.07554+0.335%$21K$4K5xas long as short
Binance HYPERUSDTlong+0.0100%4h0.07529long leg$2.0M$2.3M50x
Bybit HYPERUSDT+0.0100%4h0.07541+0.159%$1.2M$832K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07550+0.279%$88K$49K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07528−0.013%$240K$135K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07538+0.120%$314K$280K50xas long as short
Variational Omni HYPER+0.0100%4h0.07550+0.281%$6K$1Kas long as short