Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid+0.036%7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.036%, 7d avg +0.005%
=Together, before fees−0.040%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: Binance is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08466 | 0.0100 | pay 0.0013% / 1h | 31m 46s | $316K | $133K | 3x |
| Short | Binance INITUSDT | 0.08469 | 0.0100 | get 0.0050% / 4h | 1h 31m | $3.5M | $2.4M | 25x |
Hyperliquid INIT
Binance INITUSDTFunding 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
- $0
- Price spread: +0.036% → +0.005%
- $3.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.91
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Binance: live order book, 12 min ago. Net counts fees only.
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, 1 min ago | 7.18 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.35 bp | 47.2 bp −$47 | 136.4 bp −$1,364 | doesn't fit | doesn't fit |
INIT on 13 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.0301% | 1h | 0.08463 | −0.038% | $5K | $13K | 10x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08466 | long leg | $316K | $133K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08475 | +0.106% | $28K | $5K | 5x | as long as short |
| Binance INITUSDTshort | +0.0100% | 4h | 0.08469 | +0.036% | $3.5M | $2.4M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08456 | −0.116% | $1.4M | $1.0M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08463 | −0.033% | $140K | $397K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08477 | +0.132% | $83K | $11K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08467 | +0.014% | $432K | $127K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08480 | +0.168% | $334K | $36K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08458 | −0.092% | $421K | $212K | 25x | as long as short |
Kraken Futures PF_INITUSD
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08466 | +0.002% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08509 | +0.508% | $27K | $2K | — | as long as short |
| BloFin INIT-USDT | +0.0155% | 4h | 0.08484 | +0.215% | $156K | $30K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT