Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.039%7-day average −0.060% · you buy dearer than you sell
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)−0.132%−$13 · spread now −0.039%, 7d avg −0.060%
=Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: BingX is 0.021% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08174 | 0.0100 | pay 0.0013% / 1h | 56m 31s | $296K | $238K | 3x |
| Short | BingX INIT-USDT | 0.08171 | 0.0100 | get 0.0050% / 4h | 2h 56m | — | $6.6M | — |
Hyperliquid INIT
BingX INIT-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
- $0
- Price spread: −0.039% → −0.060%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$16.88
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 27 min ago; BingX: live order book, 11 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, 27 min ago | 1.89 bp | 38.1 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 6.11 bp | 30.8 bp −$31 | 84.5 bp −$845 | 507.1 bp −$50.7K | 787.9 bp −$394.0K |
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0076% | 4h | 0.08165 | −0.113% | $156K | $110K | 25x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08174 | long leg | $296K | $238K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08166 | −0.098% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08177 | +0.034% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08170 | −0.051% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08183 | +0.108% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08154 | −0.247% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08177 | +0.034% | $444K | $214K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08173 | −0.015% | $325K | $56K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08172 | −0.027% | $427K | $311K | 25x | as long as short |
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDTshort | +0.0100% | 4h | 0.08171 | −0.039% | — | $6.6M | — | |
| Variational Omni INIT | +0.0100% | 4h | 0.08163 | −0.136% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08168 | −0.080% | $6K | $18K | 10x | as long as short |
Variational Omni INIT
Kraken Futures PF_INITUSD