Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.013%
Price spread now: BloFin against Hyperliquid−0.733%7-day average −0.118% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.452%+$45 · spread now −0.733%, 7d avg −0.118%
=Together, before fees+0.364%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.615% cheaper against Hyperliquid than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PYTH | 0.06293 | 0.0100 | pay 0.0013% / 1h | 21m 09s | $2.1M | $1.9M | 5x |
| Short | BloFin PYTH-USDT | 0.06247 | 0.0034 | get 0.0017% / 4h | 2h 21m | $418K | $75K | 75x |
Hyperliquid PYTH
BloFin PYTH-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
- −$13.8
- Price spread: −0.733% → −0.118%
- −$61.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.29
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; BloFin: live order book, 4 min ago. Net counts fees only.
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, 10 min ago | 4.07 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 2.40 bp | 19.8 bp −$20 | 37.6 bp −$376 | 103.6 bp −$10.4K | 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 | −0.0413% | 1h | 0.06291 | −0.041% | $38K | $63K | 10x | as long as short |
| Gate PYTH_USDT | −0.0120% | 4h | 0.06281 | −0.192% | $1.0M | $530K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06283 | −0.163% | $187K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06281 | −0.192% | $10K | $10K | 10x | as long as short |
| MEXC PYTH_USDT | +0.0004% | 4h | 0.06279 | −0.224% | $10.5M | $2.7M | 125x | as long as short |
| Binance PYTHUSDT | +0.0009% | 4h | 0.06280 | −0.208% | $8.9M | $18.9M | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −0.526% | $553 | $220K | 5.5x | as long as short |
| BloFin PYTH-USDTshort | +0.0034% | 4h | 0.06247 | −0.733% | $418K | $75K | 75x | |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06276 | −0.278% | $22K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06286 | −0.113% | $193K | $210K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
MEXC PYTH_USDT
Binance 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 | 0.06283 | −0.160% | $3K | — | 10x | as long as short |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06293 | long leg | $2.1M | $1.9M | 5x | |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06278 | −0.245% | $20K | $45K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06283 | −0.160% | $7.4M | $4.8M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06289 | −0.065% | $2.1M | $3.5M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06281 | −0.192% | $1.5M | $351K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06286 | −0.113% | $2.6M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06286 | −0.113% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06231 | −0.987% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06281 | −0.189% | $2K | $2K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0237% | 1h | 0.06285 | −0.130% | $383K | $298K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06283 | −0.153% | — | — | 20x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0312% | 1h | 0.06493 | +3.176% | $40K | $19K | 25x | as long as short |
Paradex PYTH-USD-PERP
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Kraken Futures PF_PYTHUSD
Reya PYTHRUSDPERP
Coinbase International PYTH-PERP-INTX