Funding you earn now, next payment 01:00 UTC−0.4077%/8h= −446.5% APRpaid last 24h −0.315%
Price spread now: BloFin against Hyperliquid−0.677%47s7-day average −0.332% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1361.363% of the position
Funding, last 7 days−0.458%−$46 on $10k
+Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.677%, 7d avg −0.332%
=Together, before fees−0.177%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$122 a day on $10k at the current rate, and BloFin is 0.346% cheaper against Hyperliquid than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.332%). Swap the legs. The two prices were read 47 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 -0.458% in total (about -23.9% 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 | 0.06911 | 0.4132 | pay 0.0517% / 1h | 58m 25s | $4.3M | $4.6M | 3x |
| Short | BloFin NIL-USDT | 0.06864 | 0.0055 | get 0.0028% / 4h | 3h 58m | $345K | $142K | 50x |
Hyperliquid NIL
BloFin NIL-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
- −$856.23
- Price spread: −0.677% → −0.332%
- −$34.56
- Slippage, 4 orders
- −$115.26
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,027.05
- Costs to cover
- 1.363%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; BloFin: live order book, 12 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 | 0.07 bp | 69.1 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 0.74 bp | 19.8 bp −$20 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDTshort | +0.0055% | 4h | 0.06864 | −0.677% | $345K | $142K | 50x | |
| Aster NILUSDT | +0.0100% | 4h | 0.06856 | −0.798% | $22K | $342K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06866 | −0.646% | $5.3M | $78.6M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06871 | −0.576% | $3.8M | $13.9M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06860 | −0.735% | $438K | $1.9M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06879 | −0.460% | $2.5M | $4.7M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06864 | −0.677% | $520K | $686K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06870 | −0.590% | $1.8M | $8.5M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06874 | −0.532% | — | $8.5M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06845 | −0.954% | $17K | $88K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NIL | +0.0120% | 4h | 0.06875 | −0.524% | $176K | $266K | — | as long as short |
| Hyperliquid NILlong | +0.4132% | 1h | 0.06911 | long leg | $4.3M | $4.6M | 3x |
Variational Omni NIL