Funding you earn now, next payment 22:00 UTC−0.2288%/8h= −250.6% APRpaid last 24h −0.314%
Price spread now: Bitget against Hyperliquid−0.338%7-day average −0.265% · you buy dearer than you sell
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$970.967% of the position
Funding, last 7 days−0.441%−$44 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.338%, 7d avg −0.265%
=Together, before fees−0.593%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$69 a day on $10k at the current rate, and Bitget is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.265%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.441% in total (about -23.0% 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 | 0.06780 | 0.2388 | pay 0.0299% / 1h | 48m 52s | $4.1M | $4.6M | 3x |
| Short | Bitget NILUSDT | 0.06757 | 0.0100 | get 0.0050% / 4h | 2h 48m | $1.7M | $9.7M | 50x |
Hyperliquid NIL
Bitget NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$480.55
- Price spread: −0.338% → −0.265%
- −$7.25
- Slippage, 4 orders
- −$75.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$584.46
- Costs to cover
- 0.967%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Bitget: live order book, 5 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, 3 min ago | 2.94 bp | 34.0 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.83 bp | 23.8 bp −$24 | 130.3 bp −$1,303 | doesn't fit | doesn't fit |
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 | 0.06755 | −0.374% | $20K | $370K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06755 | −0.367% | $5.3M | $85.3M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06762 | −0.264% | $3.5M | $14.8M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06757 | −0.338% | $440K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06752 | −0.412% | $2.3M | $6.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06756 | −0.353% | $483K | $721K | 30x | as long as short |
| Bitget NILUSDTshort | +0.0100% | 4h | 0.06757 | −0.338% | $1.7M | $9.7M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.06754 | −0.382% | — | $8.7M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06786 | +0.083% | $50K | $154K | — | as long as short |
| BloFin NIL-USDT | +0.0101% | 4h | 0.06788 | +0.119% | $360K | $161K | 50x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
BingX NIL-USDT
Variational Omni NIL
BloFin NIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06754 | −0.384% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILlong | +0.2388% | 1h | 0.06780 | long leg | $4.1M | $4.6M | 3x |
Extended NIL-USD