Funding you earn now, next payment 22:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.004%
Price spread now: BloFin against Hyperliquid+0.137%7-day average −0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$620.625% of the position
Funding, last 7 days+0.188%+$19 on $10k
+Price spread, last 3 days (all we have)−0.597%−$60 · spread now +0.137%, 7d avg −0.108%
=Together, before fees−0.408%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.245% dearer against Hyperliquid than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.108%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5036 | 0.0100 | pay 0.0013% / 1h | 22m 40s | $9.8M | $7.2M | 5x |
| Short | BloFin SPX-USDT | 0.5043 | 0.0340 | get 0.0170% / 4h | 2h 22m | $251K | $916K | 75x |
Hyperliquid SPX
BloFin SPX-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
- $50.4
- Price spread: +0.137% → −0.108%
- $24.52
- Slippage, 4 orders
- −$41.46
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $12.46
- Costs to cover
- 0.625%
- Break-even
- 5.3 days
Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 64 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, 10 min ago | 3.49 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 64 min ago | 2.93 bp | 16.6 bp −$17 | 41.8 bp −$418 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SPXUSD | −0.0412% | 1h | 0.5041 | +0.093% | $233K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.134% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0070% | 4h | 0.5027 | −0.184% | $845K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5036 | −0.002% | $116K | $319K | 5x | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.5036 | long leg | $9.8M | $7.2M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5038 | +0.043% | $124K | $97K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5036 | −0.002% | $5.0M | $19.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5032 | −0.081% | $11.7M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5035 | −0.022% | $978K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5036 | −0.002% | $1.0M | $476K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5035 | −0.022% | $11.6M | $4.5M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5039 | +0.058% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5036 | −0.002% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5032 | −0.081% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5034 | −0.042% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5047 | +0.216% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5030 | −0.121% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5034 | −0.045% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDTshort | +0.0340% | 4h | 0.5043 | +0.137% | $251K | $916K | 75x |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD