Funding you earn now, next payment 22:00 UTC+0.1109%/8h= +121.5% APRpaid last 24h +0.207%
Price spread now: Hyperliquid against BloFin+0.212%7-day average +0.126% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$870.866% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.212%, 7d avg +0.126%
=Together, before fees+0.353%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.126%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.287% in total (about 15.0% 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 | BloFin POPCAT-USDT | 0.05477 | 0.0340 | pay 0.0170% / 4h | 2h 04m | $124K | $284K | 50x |
| Short | Hyperliquid POPCAT | 0.05489 | 0.1449 | get 0.0181% / 1h | 4m 39s | $2.5M | $1.1M | 3x |
BloFin POPCAT-USDT
Hyperliquid POPCATFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $232.93
- Price spread: +0.212% → +0.126%
- $8.56
- Slippage, 4 orders
- −$65.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $154.85
- Costs to cover
- 0.866%
- Break-even
- 2.3 days
Slippage from BloFin: live order book, 12 min ago; Hyperliquid: live order book, 6 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 BloFin live order book, 12 min ago | 2.72 bp | 29.8 bp −$30 | 75.5 bp −$755 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 2.45 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4569% | 1h | 0.05437 | −0.730% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.1073% | 1h | 0.05461 | −0.299% | $139K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05475 | −0.036% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05472 | −0.091% | $99K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05474 | −0.061% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05467 | −0.183% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05473 | −0.073% | $672K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05470 | −0.128% | $415K | $673K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05475 | −0.037% | $1.9M | $924K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05484 | +0.128% | $1.1M | $995K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05474 | −0.055% | $1.1M | $885K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05474 | −0.055% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05472 | −0.087% | $501K | $173K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05498 | +0.384% | $244K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05490 | +0.237% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05472 | −0.089% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDTlong | +0.0340% | 4h | 0.05477 | long leg | $124K | $284K | 50x | |
| Hyperliquid POPCATshort | +0.1449% | 1h | 0.05489 | +0.212% | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD