Funding you earn now, next payment 23:00 UTC−0.0213%/8h= −23.4% APRpaid last 24h −0.235%
Price spread now: BloFin against Hyperliquid+0.684%7-day average −0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs+$25as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 3 days (all we have)−0.788%−$79 · spread now +0.684%, 7d avg −0.172%
=Together, before fees−1.209%+ Points / potential airdropHyperliquid: Season 2 · farm board−$121 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.856% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.684% now, against its 7-day average of −0.172%): +$86 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07086 | 0.0319 | pay 0.0040% / 1h | 26m 32s | $3.0M | $921K | 3x |
| Short | BloFin SKY-USDT | 0.07134 | 0.0106 | get 0.0053% / 4h | 1h 26m | $601K | $30K | 75x |
Hyperliquid SKY
BloFin SKY-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
- −$44.8
- Price spread: +0.684% → −0.172%
- $85.61
- Slippage, 4 orders
- −$39.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$20.14
- Costs to cover
- 0.610%
- Break-even
- from the start
Slippage from Hyperliquid: live order book, 5 min ago; BloFin: live order book, 55 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, 5 min ago | 1.12 bp | 13.5 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 2.08 bp | 20.1 bp −$20 | 41.6 bp −$416 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0515% | 4h | 0.07124 | +0.545% | $196K | $104K | — | as long as short |
| Bybit SKYUSDT | −0.0208% | 4h | 0.07099 | +0.191% | $7.7M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +1.221% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0065% | 1h | 0.07133 | +0.667% | $71K | $25K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07081 | −0.068% | $185K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07083 | −0.034% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07107 | +0.303% | $16.3M | $10.2M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07087 | +0.021% | $854K | $1.4M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07071 | −0.205% | $604K | $260K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07090 | +0.064% | $1.1M | $288K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07076 | −0.134% | $432K | $283K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07094 | +0.120% | $3.0M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07089 | +0.049% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07146 | +0.854% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07137 | +0.724% | $692 | $2K | 10x | as long as short |
| BloFin SKY-USDTshort | +0.0106% | 4h | 0.07134 | +0.684% | $601K | $30K | 75x | |
| Hyperliquid SKYlong | +0.0319% | 1h | 0.07086 | long leg | $3.0M | $921K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0530% / S −0.0248% | 1h | 0.07134 | +0.689% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]