Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.109%
Price spread now: BloFin against Hyperliquid−0.051%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$530.526% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)+0.270%+$27 · spread now −0.051%, 7d avg −0.098%
=Together, before fees+0.284%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.047% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.098%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% 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 | Hyperliquid MON | 0.02573 | 0.0100 | pay 0.0013% / 1h | 30m 46s | $34.8M | $7.4M | 5x |
| Short | BloFin MON-USDT | 0.02572 | 0.0340 | get 0.0170% / 4h | 1h 30m | $1.4M | $292K | 75x |
Hyperliquid MON
BloFin MON-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.051% → −0.098%
- $4.72
- Slippage, 4 orders
- −$31.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $2.56
- Costs to cover
- 0.526%
- Break-even
- 6.6 days
Slippage from Hyperliquid: live order book, 2 min ago; BloFin: live order book, 2 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 Hyperliquid live order book, 2 min ago | 0.39 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 5.83 bp | 14.5 bp −$14 | 26.5 bp −$265 | 115.2 bp −$11.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | −0.0053% | 8h | 0.02566 | −0.295% | $21.4M | $11.7M | 50x | as long as short |
| Injective MON/USDC PERP | −0.0053% | 1h | 0.02582 | +0.338% | $6K | $108 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0048% | 1h | 0.02574 | +0.019% | $6K | $1K | 5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02580 | +0.256% | $13K | $362K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02575 | +0.074% | $143K | $1.8M | 10x | as long as short |
| Deribit MON_USDC-PERPETUAL | 0.0000% | 1h | 0.02571 | −0.074% | $69K | $119K | 25x | as long as short |
| Aftermath Perps MONUSD | +0.0025% | 1h | 0.02582 | +0.330% | $2K | $73K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0067% | 4h | 0.02570 | −0.128% | $17K | $64K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0080% | 8h | 0.02568 | −0.196% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02571 | −0.089% | $852K | $773K | 10x | as long as short |
Bybit MONUSDT
Injective MON/USDC PERP
01 Exchange MONUSD
Phoenix MON
Perpl MON
Deribit MON_USDC-PERPETUAL
Aftermath Perps MONUSD
Orderly PERP_MON_USDC
Paradex MON-USD-PERP
Lighter MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado MON-PERP | +0.0100% | 1h | 0.02578 | +0.168% | $388K | $537K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02573 | long leg | $34.8M | $7.4M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02573 | −0.026% | $107K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02571 | −0.075% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02569 | −0.167% | $142K | $107K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02569 | −0.167% | $24.4M | $24.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02565 | −0.323% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02585 | +0.470% | $109K | $3K | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02572 | −0.051% | $1.0M | $865K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02571 | −0.089% | $2.7M | $1.8M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02581 | +0.307% | $781K | $406K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02580 | +0.246% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02584 | +0.417% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02578 | +0.183% | $69K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02570 | −0.128% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02573 | −0.028% | $52K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02569 | −0.179% | $39K | — | 3x | as long as short |
| Kraken Futures PF_MONUSD | +0.0174% | 1h | 0.02573 | −0.026% | $270K | $77K | 10x | as long as short |
| Backpack MON_USDC_PERP | +0.0208% | 1h | 0.02571 | −0.089% | $137K | $136K | 10x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0261% / S −0.0598% | 1h | 0.02574 | +0.012% | $8K | — | 50x | as long as short |
| KuCoin MONUSDTM | +0.0314% | 4h | 0.02575 | +0.066% | $3.2M | $724K | 75x | as long as short |
| BloFin MON-USDTshort | +0.0340% | 4h | 0.02572 | −0.051% | $1.4M | $292K | 75x | |
| Coinbase International MON-PERP-INTX | +0.0536% | 1h | 0.02607 | +1.298% | $114K | $49K | 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
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Kraken Futures PF_MONUSD
Backpack MON_USDC_PERP
GMX MON/USD [ETH-USDC]
KuCoin MONUSDTM
Coinbase International MON-PERP-INTX