Funding you earn now, next payment 00:00 UTC+0.0528%/8h= +57.9% APRpaid last 24h +0.050%
Price spread now: Hyperliquid against BingX+0.182%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now +0.182%, 7d avg +0.120%
=Together, before fees+0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.062% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% 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 | BingX REZ-USDT | 0.003846 | 0.0100 | pay 0.0050% / 4h | 4m 07s | — | $6.6M | — |
| Short | Hyperliquid REZ | 0.003853 | 0.0628 | get 0.0079% / 1h | 4m 07s | $1.6M | $499K | 3x |
BingX REZ-USDT
Hyperliquid REZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $110.96
- Price spread: +0.182% → +0.120%
- $6.2
- Slippage, 4 orders
- −$56.09
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $42.08
- Costs to cover
- 0.751%
- Break-even
- 4.3 days
Slippage from BingX: live order book, 7 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 BingX live order book, 7 min ago | 3.91 bp | 15.9 bp −$16 | 42.8 bp −$428 | 498.8 bp −$49.9K | 794.1 bp −$397.1K |
| Sell Hyperliquid live order book, 6 min ago | 2.60 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
REZ 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 REZ-USDT | +0.0073% | 4h | 0.003844 | −0.052% | $323K | $50K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003843 | −0.078% | $18K | $36K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003845 | −0.026% | $4.9M | $8.8M | 50x | as long as short |
| Bybit REZUSDT | +0.0100% | 4h | 0.003850 | +0.104% | $1.4M | $1.1M | 25x | as long as short |
| Gate REZ_USDT | +0.0100% | 4h | 0.003844 | −0.052% | $397K | $126K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003844 | −0.052% | $1.3M | $418K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003842 | −0.104% | $451K | $93K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003844 | −0.052% | $607K | $1.3M | 50x | as long as short |
| BingX REZ-USDTlong | +0.0100% | 4h | 0.003846 | long leg | — | $6.6M | — | |
| Variational Omni REZ | +0.0100% | 4h | 0.003845 | −0.026% | $78K | $40K | — | as long as short |
BloFin REZ-USDT
Aster REZUSDT
Binance REZUSDT
Bybit REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
Variational Omni REZShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0216% | 1h | 0.003844 | −0.041% | $44K | $10K | 10x | as long as short |
| Hyperliquid REZshort | +0.0628% | 1h | 0.003853 | +0.182% | $1.6M | $499K | 3x |
Kraken Futures PF_REZUSD