Funding you earn now, next payment 22:00 UTC+0.1111%/8h= +121.6% APRpaid last 24h +0.179%
Price spread now: Hyperliquid against Binance+0.305%7-day average +0.191% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.445%+$45 on $10k
+Price spread, last 7 days−0.269%−$27 · spread now +0.305%, 7d avg +0.191%
=Together, before fees+0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Hyperliquid is 0.114% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.191%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.445% in total (about 23.2% 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 | Binance SYRUPUSDT | 0.2337 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $9.8M | $6.3M | 25x |
| Short | Hyperliquid SYRUP | 0.2344 | 0.1211 | get 0.0151% / 1h | 25m 16s | $5.9M | $1.4M | 3x |
Binance SYRUPUSDT
Hyperliquid SYRUPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $233.28
- Price spread: +0.305% → +0.191%
- $11.4
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $225.69
- Costs to cover
- 0.190%
- Break-even
- 0.2 days
Slippage unknown: Binance: live order book, 14 min ago; Hyperliquid: live order book, 7 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 Binance live order book, 14 min ago | 1.74 bp | 28.6 bp −$29 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.30 bp | 12.5 bp −$13 | 15.3 bp −$153 | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SYRUP | +0.0096% | 1h | 0.2342 | +0.215% | $212K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2336 | −0.045% | $12K | $61K | 10x | as long as short |
| Binance SYRUPUSDTlong | +0.0100% | 4h | 0.2337 | long leg | $9.8M | $6.3M | 25x | |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2338 | +0.014% | $2.4M | $1.8M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2344 | +0.292% | $1.2M | $997K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2337 | −0.008% | $437K | $66K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2337 | −0.008% | $3.2M | $567K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2336 | −0.029% | $2.0M | $107K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2339 | +0.078% | $702K | $424K | 20x | as long as short |
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2337 | −0.016% | — | $6.5M | — | as long as short |
Lighter SYRUP
Aster SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDT
BingX SYRUP-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SYRUP | +0.0100% | 4h | 0.2335 | −0.078% | $167K | $48K | — | as long as short |
| BloFin SYRUP-USDT | +0.0107% | 4h | 0.2336 | −0.029% | $469K | $134K | 50x | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2338 | +0.029% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0333% / S −0.1447% | 1h | 0.2337 | −0.024% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0963% | 1h | 0.2346 | +0.396% | $42K | $24K | 10x | as long as short |
| Hyperliquid SYRUPshort | +0.1211% | 1h | 0.2344 | +0.305% | $5.9M | $1.4M | 3x |
Variational Omni SYRUP
BloFin SYRUP-USDT
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD