Funding you earn now, next payment 01:00 UTC−0.3674%/8h= −402.3% APRpaid last 24h −0.332%
Price spread now: BingX against Hyperliquid−0.339%7-day average −0.263% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days−0.495%−$49 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now −0.339%, 7d avg −0.263%
=Together, before fees−0.337%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$110 a day on $10k at the current rate, and BingX is 0.075% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.263%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.495% in total (about -25.8% 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 NIL | 0.06883 | 0.4060 | pay 0.0508% / 1h | 13m 06s | $4.3M | $4.5M | 3x |
| Short | BingX NIL-USDT | 0.06860 | 0.0386 | get 0.0193% / 4h | 3h 13m | — | $8.5M | — |
Hyperliquid NIL
BingX NIL-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
- −$771.57
- Price spread: −0.339% → −0.263%
- −$7.54
- Slippage, 4 orders
- −$83.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$881.19
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; BingX: live order book, 10 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, 9 min ago | 2.89 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 5.07 bp | 27.3 bp −$27 | 89.7 bp −$897 | 459.5 bp −$46.0K | 786.6 bp −$393.3K |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06853 | −0.446% | $22K | $341K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06854 | −0.426% | $5.4M | $76.4M | 50x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06849 | −0.498% | $438K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06871 | −0.179% | $2.4M | $4.7M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06857 | −0.382% | $512K | $661K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06860 | −0.339% | $1.8M | $8.3M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06849 | −0.501% | $17K | $92K | 5x | as long as short |
| BloFin NIL-USDT | +0.0116% | 4h | 0.06856 | −0.397% | $352K | $131K | 50x | as long as short |
| Variational Omni NIL | +0.0320% | 4h | 0.06875 | −0.122% | $178K | $267K | — | as long as short |
| BingX NIL-USDTshort | +0.0386% | 4h | 0.06860 | −0.339% | — | $8.5M | — |
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
BloFin NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit NILUSDT | +0.0594% | 4h | 0.06866 | −0.251% | $3.8M | $13.7M | 20x | as long as short |
| Hyperliquid NILlong | +0.4060% | 1h | 0.06883 | long leg | $4.3M | $4.5M | 3x |
Bybit NILUSDT