Funding you earn now, next payment 03:00 UTC+0.0094%/8h= +10.2% APRpaid last 24h +0.013%
Price spread now: Hyperliquid against BloFin+0.204%47s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as 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−$700.697% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.471%+$47 · spread now +0.204%, 7d avg +0.104%
=Together, before fees+0.563%+ Points / potential airdropHyperliquid: Season 2 · farm board+$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.101% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.104%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin PYTH-USDT | 0.06315 | 0.0006 | pay 0.0003% / 4h | 1h 40m | $426K | $89K | 75x |
| Short | Hyperliquid PYTH | 0.06328 | 0.0100 | get 0.0013% / 1h | 40m 29s | $2.0M | $1.7M | 5x |
BloFin PYTH-USDT
Hyperliquid PYTHFunding 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
- $19.65
- Price spread: +0.204% → +0.104%
- $10.06
- Slippage, 4 orders
- −$48.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.95
- Costs to cover
- 0.697%
- Break-even
- 21.2 days
Slippage from BloFin: live order book, 85 min ago; Hyperliquid: 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 BloFin live order book, 85 min ago | 3.09 bp | 16.7 bp −$17 | 30.9 bp −$309 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.95 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0401% | 1h | 0.06324 | +0.146% | $38K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0238% | 4h | 0.06315 | 0.000% | $1.0M | $498K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0022% | 4h | 0.06317 | +0.032% | $9.5M | $2.3M | 125x | as long as short |
| Binance PYTHUSDT | −0.0021% | 4h | 0.06322 | +0.111% | $9.1M | $17.7M | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06328 | +0.204% | $188K | $19 | 5x | as long as short |
| Aster PYTHUSDT | +0.0005% | 4h | 0.06324 | +0.135% | $20K | $46K | 10x | as long as short |
| BloFin PYTH-USDTlong | +0.0006% | 4h | 0.06315 | long leg | $426K | $89K | 75x | |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.871% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06315 | 0.000% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06329 | +0.222% | $190K | $204K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06318 | +0.052% | $3K | — | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06328 | +0.204% | $2.0M | $1.7M | 5x | |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06324 | +0.143% | $7.5M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06324 | +0.143% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06328 | +0.206% | $1.5M | $342K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06320 | +0.079% | $2.7M | $2.1M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06325 | +0.158% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06318 | +0.044% | $38K | $26K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06321 | +0.098% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06369 | +0.855% | $39K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06317 | +0.038% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0303% | 1h | 0.06323 | +0.123% | $386K | $291K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.1174% | 1h | 0.06330 | +0.238% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL