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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against BloFin+0.040%87s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$810.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.015%−$2 · spread now +0.040%, 7d avg +0.043%
Together, before fees−0.019%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPER-USDT0.074160.0110pay 0.0055% / 4h2h 45m$190K$22K50x
ShortHyperliquid HYPER0.074190.0100get 0.0013% / 1h45m 39s$72K$121K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$2.12
Price spread: +0.040% → +0.043%
−$0.2
Slippage, 4 orders
−$59.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$83.11
Costs to cover
0.808%
Break-even
never at this rate
Slippage from BloFin: live order book, 36 min ago; Hyperliquid: live order book, 37 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 BloFin live order book, 36 min ago2.01 bp11.1 bp −$1142.7 bp −$427doesn't fitdoesn't fit
Sell Hyperliquid live order book, 37 min ago0.07 bp21.8 bp −$22doesn't fitdoesn't fitdoesn't fit

HYPER on 10 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
Gate HYPER_USDT−0.0278%4h0.07420+0.054%$90K$46K50xas long as short
KuCoin HYPERUSDTM−0.0024%4h0.07411−0.067%$131K$93K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07419+0.040%$72K$121K3x
Aster HYPERUSDT+0.0100%4h0.07423+0.090%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07413−0.040%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07415−0.013%$1.2M$705K25xas long as short
MEXC HYPER_USDT+0.0100%4h0.07413−0.040%$257K$129K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07421+0.067%$310K$262K50xas long as short
Variational Omni HYPER+0.0100%4h0.07414−0.033%$7K$1Kas long as short
BloFin HYPER-USDTlong+0.0110%4h0.07416long leg$190K$22K50x