Funding you earn now, next payment 08:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.10 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Bitget−0.389%115s7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as 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−$980.981% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.389%, 7d avg −0.087%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.302% cheaper against Bitget than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.087%). Swap the legs. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget HYPERUSDT | 0.07458 | 0.0100 | pay 0.0050% / 4h | 2h 21m | $312K | $272K | 50x |
| Short | BloFin HYPER-USDT | 0.07429 | 0.0079 | get 0.0040% / 4h | 2h 21m | $189K | $14K | 50x |
Bitget HYPERUSDT
BloFin HYPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$4.39
- Price spread: −0.389% → −0.087%
- −$30.19
- Slippage, 4 orders
- −$74.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$132.63
- Costs to cover
- 0.981%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 19 min ago; BloFin: live order book, 59 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 Bitget live order book, 19 min ago | 7.40 bp | 29.8 bp −$30 | 124.0 bp −$1,240 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 5.98 bp | 22.9 bp −$23 | 84.5 bp −$845 | doesn't fit | doesn't fit |
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HYPER-USDTshort | +0.0079% | 4h | 0.07429 | −0.389% | $189K | $14K | 50x | |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07452 | −0.074% | $75K | $129K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07455 | −0.036% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07454 | −0.049% | $2.0M | $2.3M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07458 | 0.000% | $1.2M | $786K | 25x | as long as short |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07440 | −0.241% | $90K | $44K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07459 | +0.013% | $237K | $127K | 20x | as long as short |
| KuCoin HYPERUSDTM | +0.0100% | 4h | 0.07441 | −0.228% | $104K | $84K | 30x | as long as short |
| Bitget HYPERUSDTlong | +0.0100% | 4h | 0.07458 | long leg | $312K | $272K | 50x | |
| Variational Omni HYPER | +0.0100% | 4h | 0.07408 | −0.673% | $6K | $1K | — | as long as short |
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
KuCoin HYPERUSDTM
Variational Omni HYPER