data as of
Settings8H · net · $10k
Funding arb /

USUAL

all USUAL markets
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Funding spread now, next payment 19:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days−0.115%to open and close $10k−$108
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX USUAL-USDT0.013520.0100pay 0.0050% / 4h1h 16m$1.2M
ShortHyperliquid USUAL0.013520.0100get 0.0013% / 1h16m 23s$394K$234K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$89.14
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$108.14
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 45 min ago.

Price risk

price view
Price gap now
−0.007%
Avg gap 7d
+0.015%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago6.65 bp20.3 bp −$20114.7 bp −$1,147542.9 bp −$54.3K754.1 bp −$377.1K
Sell Hyperliquid live order book, 45 min ago3.72 bp21.4 bp −$21doesn't fitdoesn't fitdoesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4967%1h$6K$39K5.5xas long as short
Kraken Futures PF_USUALUSD−0.1168%1h$110K$26K10xas long as short
Hyperliquid USUALshort+0.0100%1h$394K$234K3x
Binance USUALUSDT+0.0100%4h$2.1M$3.6M50xas long as short
Bybit USUALUSDT+0.0100%4h$993K$978K25xas long as short
Gate USUAL_USDT+0.0100%8h$904K$262K50xas long as short
MEXC USUAL_USDT+0.0100%4h$5.9M$300K100xas long as short
KuCoin USUALUSDTM+0.0100%4h$285K$67K20xas long as short
Bitget USUALUSDT+0.0100%4h$822K$539K50xas long as short
BingX USUAL-USDTlong+0.0100%4h$1.2M
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h$9K$21as long as short