Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid+0.008%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1391.388% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.008%, 7d avg −0.087%
=Together, before fees−0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.095% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.087%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01347 | 0.0100 | pay 0.0013% / 1h | 27m 28s | $381K | $237K | 3x |
| Short | Binance USUALUSDT | 0.01347 | 0.0100 | get 0.0050% / 4h | 27m 28s | $2.1M | $3.6M | 50x |
Hyperliquid USUAL
Binance USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.008% → −0.087%
- $9.51
- Slippage, 4 orders
- −$119.85
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$129.33
- Costs to cover
- 1.388%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 19 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, 9 min ago | 3.72 bp | 33.5 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 19 min ago | 3.33 bp | 22.9 bp −$23 | 134.7 bp −$1,347 | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4872% | 1h | 0.01341 | −0.445% | $6K | $17K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.1054% | 1h | 0.01346 | −0.069% | $109K | $25K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01347 | long leg | $381K | $237K | 3x | |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01347 | +0.008% | $2.1M | $3.6M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01349 | +0.156% | $992K | $972K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01347 | 0.000% | $899K | $260K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01347 | 0.000% | $5.9M | $300K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01348 | +0.074% | $284K | $66K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01350 | +0.223% | $822K | $532K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01348 | +0.059% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01347 | +0.003% | $9K | $21 | — | as long as short |
Variational Omni USUAL