Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid0.000%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now 0.000%, 7d avg −0.014%
=Together, before fees−0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01407 | 0.0100 | pay 0.0013% / 1h | 57m 50s | $406K | $183K | 3x |
| Short | BingX USUAL-USDT | 0.01407 | 0.0100 | get 0.0050% / 4h | 3h 57m | — | $1.2M | — |
Hyperliquid USUAL
BingX USUAL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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: 0.000% → −0.014%
- $1.38
- Slippage, 4 orders
- −$120.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$138.19
- Costs to cover
- 1.396%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 22 min ago; BingX: live order book, 7 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, 22 min ago | 3.51 bp | 45.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.63 bp | 28.2 bp −$28 | 112.4 bp −$1,124 | 485.0 bp −$48.5K | 714.9 bp −$357.5K |
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 | −0.5000% | 1h | 0.01392 | −1.066% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01407 | long leg | $406K | $183K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01406 | −0.057% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01408 | +0.036% | $1.1M | $807K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01408 | +0.071% | $951K | $110K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01405 | −0.107% | $6.2M | $238K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01405 | −0.142% | $259K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01407 | 0.000% | $835K | $393K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01407 | 0.000% | — | $1.2M | — | |
| Variational Omni USUAL | +0.0100% | 4h | 0.01408 | +0.093% | $11K | $1K | — | as long as short |
Injective USUAL/USDC PERP
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSD | +0.0274% | 1h | 0.01405 | −0.117% | $111K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD