Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h +0.066%
Price spread now: Hyperliquid against BloFin+0.555%67s7-day average +0.102% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−1.233%−$123 · spread now +0.555%, 7d avg +0.102%
=Together, before fees−1.242%+ Points / potential airdropHyperliquid: Season 2 · farm board−$124 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.453% dearer against BloFin than usual: you sell high and buy low (spread +0.555% now, against its 7-day average of +0.102%): +$45 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.3 days. At the pace of the last 7 days (−0.010% in total) that is about 11 months. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MON-USDT | 0.02524 | 0.0340 | pay 0.0170% / 4h | 1h 35m | $1.3M | $306K | 75x |
| Short | Hyperliquid MON | 0.02538 | 0.0100 | get 0.0013% / 1h | 35m 59s | $34.4M | $7.4M | 5x |
BloFin MON-USDT
Hyperliquid MONFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.555% → +0.102%
- $45.3
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.1
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: BloFin: live order book, 7 min ago; Hyperliquid: live order book, 7 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 BloFin live order book, 7 min ago | 3.94 bp | 22.3 bp −$22 | 39.4 bp −$394 | 204.7 bp −$20.5K | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.98 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | −0.0316% | 1h | 0.02527 | +0.115% | $13K | $367K | 5x | as long as short |
| Backpack MON_USDC_PERP | −0.0274% | 1h | 0.02538 | +0.551% | $114K | $151K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0253% | 1h | 0.02531 | +0.277% | $5K | $106 | 5.5x | as long as short |
| Bybit MONUSDT | −0.0146% | 8h | 0.02528 | +0.158% | $20.7M | $12.9M | 50x | as long as short |
| 01 Exchange MONUSD | −0.0024% | 1h | 0.02533 | +0.365% | $6K | $1K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02533 | +0.357% | $106K | $2.3M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02535 | +0.440% | $68K | $125K | 25x | as long as short |
| Orderly PERP_MON_USDC | +0.0080% | 4h | 0.02533 | +0.357% | $16K | $51K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02539 | +0.594% | $846K | $738K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0099% | 8h | 0.02532 | +0.323% | $8K | $42 | 5x | as long as short |
Phoenix MON
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Bybit MONUSDT
01 Exchange MONUSD
Perpl MON
Deribit MON_USDC-PERPETUAL
Orderly PERP_MON_USDC
Lighter MON
Paradex MON-USD-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02535 | +0.421% | $408K | $540K | 10x | as long as short |
| Hyperliquid MONshort | +0.0100% | 1h | 0.02538 | +0.555% | $34.4M | $7.4M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02534 | +0.385% | $101K | $229K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02527 | +0.125% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02533 | +0.349% | $140K | $93K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02532 | +0.297% | $24.1M | $26.1M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02528 | +0.158% | $4.2M | $5.8M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | +0.238% | $105K | $4K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02532 | +0.317% | $945K | $918K | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02532 | +0.317% | $2.9M | $742K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02534 | +0.396% | $2.7M | $2.0M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02531 | +0.258% | $752K | $405K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02528 | +0.168% | $43K | $247K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02527 | +0.119% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02526 | +0.079% | $68K | $501K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02536 | +0.475% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02535 | +0.441% | $50K | $516K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02535 | +0.436% | $38K | — | 3x | as long as short |
| Aftermath Perps MONUSD | +0.0246% | 1h | 0.02531 | +0.281% | $2K | $74K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0429% | 1h | 0.02535 | +0.424% | $9K | — | 50x | as long as short |
| BloFin MON-USDTlong | +0.0340% | 4h | 0.02524 | long leg | $1.3M | $306K | 75x | |
| Kraken Futures PF_MONUSD | +0.0490% | 1h | 0.02538 | +0.574% | $270K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02528 | +0.174% | $111K | $52K | 50x | as long as short |
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Aftermath Perps MONUSD
GMX MON/USD [ETH-USDC]
Kraken Futures PF_MONUSD
Coinbase International MON-PERP-INTX