Funding you earn now, next payment 09:00 UTC−0.0912%/8h= −99.9% APRpaid last 24h −0.090%
Price spread now: Hyperliquid against Binance+0.183%7-day average +0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.183%, 7d avg +0.025%
=Together, before fees−0.249%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.157% dearer against Binance than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.025%): +$16 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.020% in total) that is about 54 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% 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 | Binance MOVEUSDT | 0.009231 | 0.1012 | pay 0.0506% / 4h | 3h 22m | $1.9M | $4.4M | 25x |
| Short | Hyperliquid MOVE | 0.009248 | 0.0100 | get 0.0013% / 1h | 22m 59s | $229K | $192K | 3x |
Binance MOVEUSDT
Hyperliquid MOVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- −$191.61
- Price spread: +0.183% → +0.025%
- $15.73
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$194.88
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Hyperliquid: live order book, 16 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 Binance live order book, 14 min ago | 3.25 bp | 21.5 bp −$22 | 132.0 bp −$1,320 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 16 min ago | 1.08 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MOVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MOVE/USDC PERP | +0.0033% | 1h | 0.009310 | +0.854% | $753 | $100 | 12x | as long as short |
| Hyperliquid MOVEshort | +0.0100% | 1h | 0.009248 | +0.183% | $229K | $192K | 3x | |
| Bybit MOVEUSDT | +0.0100% | 4h | 0.009245 | +0.150% | $1.9M | $616K | 25x | as long as short |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009252 | +0.226% | $962K | $911K | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009220 | −0.121% | $407K | $243K | 25x | as long as short |
| KuCoin MOVEUSDTM | +0.0100% | 4h | 0.009220 | −0.121% | $1.1M | $19K | 25x | as long as short |
| Bitget MOVEUSDT | +0.0100% | 4h | 0.009252 | +0.226% | $852K | $373K | 25x | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009173 | −0.628% | $7K | $2K | — | as long as short |
| BingX MOVE-USDT | +0.0872% | 4h | 0.009246 | +0.161% | — | $6.5M | — | as long as short |
| MEXC MOVE_USDT | +0.1012% | 4h | 0.009222 | −0.099% | $3.7M | $215K | 20x | as long as short |
Injective MOVE/USDC PERP
Bybit MOVEUSDT
OKX MOVE-USDT-SWAP
Gate MOVE_USDT
KuCoin MOVEUSDTM
Bitget MOVEUSDT
Variational Omni MOVE
BingX MOVE-USDT
MEXC MOVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MOVEUSDTlong | +0.1012% | 4h | 0.009231 | long leg | $1.9M | $4.4M | 25x | |
| Extended MOVE-USD | +0.1016% | 1h | 0.009239 | +0.089% | $11K | $192K | 5x | as long as short |
| BloFin MOVE-USDT | +0.1034% | 4h | 0.009243 | +0.128% | $116K | $4K | 75x | as long as short |
| Aster MOVEUSDT | +0.1353% | 4h | 0.009228 | −0.034% | $11K | $10K | 5x | as long as short |
Extended MOVE-USD
BloFin MOVE-USDT
Aster MOVEUSDT