Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.8% APRpaid last 24h −0.263%
Price spread now: Binance against Hyperliquid+0.031%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1001.004% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now +0.031%, 7d avg −0.101%
=Together, before fees−0.476%+ Points / potential airdropHyperliquid: Season 2 · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.132% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.101%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POPCAT | 0.05779 | 0.0344 | pay 0.0043% / 1h | 40m 02s | $2.7M | $1.4M | 3x |
| Short | Binance POPCATUSDT | 0.05781 | 0.0100 | get 0.0050% / 4h | 40m 02s | $2.6M | $8.0M | 50x |
Hyperliquid POPCAT
Binance POPCATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$51.34
- Price spread: +0.031% → −0.101%
- $13.23
- Slippage, 4 orders
- −$81.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$138.47
- Costs to cover
- 1.004%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Binance: live order book, 14 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, 1 min ago | 4.75 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 3.49 bp | 22.2 bp −$22 | 71.3 bp −$713 | 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 | −0.5000% | 1h | 0.05683 | −1.665% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05775 | −0.081% | $1 | — | 10x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0160% | 1h | 0.05762 | −0.305% | $154K | $158K | 20x | as long as short |
| Variational Omni POPCAT | +0.0082% | 4h | 0.05766 | −0.231% | $496K | $181K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05779 | −0.003% | $103K | $59K | 10x | as long as short |
| Binance POPCATUSDTshort | +0.0100% | 4h | 0.05781 | +0.031% | $2.6M | $8.0M | 50x | |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05771 | −0.142% | $9.2M | $7.6M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05772 | −0.125% | $702K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05780 | +0.014% | $444K | $546K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05778 | −0.021% | $1.9M | $1.1M | 200x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Kraken Futures PF_POPCATUSD
Variational Omni POPCAT
Lighter POPCAT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05777 | −0.038% | $1.2M | $1.0M | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05782 | +0.048% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05773 | −0.107% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05770 | −0.159% | $23K | $658K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05775 | −0.074% | $94K | $510K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0196% | 4h | 0.05776 | −0.057% | $251K | $515K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05775 | −0.073% | $132K | $366K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.0344% | 1h | 0.05779 | long leg | $2.7M | $1.4M | 3x |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT