Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1371.374% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now 0.000%, 7d avg +0.035%
=Together, before fees−0.171%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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: Bitget is 0.035% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01406 | 0.0100 | pay 0.0013% / 1h | 1m 54s | $405K | $183K | 3x |
| Short | Bitget USUALUSDT | 0.01406 | 0.0100 | get 0.0050% / 4h | 1m 54s | $835K | $393K | 50x |
Hyperliquid USUAL
Bitget USUALUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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% → +0.035%
- −$3.49
- Slippage, 4 orders
- −$116.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$140.9
- Costs to cover
- 1.374%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 18 min ago; Bitget: live order book, 54 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, 18 min ago | 3.51 bp | 45.5 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 54 min ago | 3.58 bp | 29.0 bp −$29 | 154.5 bp −$1,545 | 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 | −0.4543% | 1h | 0.01401 | −0.356% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0632% | 1h | 0.01406 | +0.015% | $111K | $21K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01406 | long leg | $405K | $183K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01405 | −0.078% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01408 | +0.142% | $1.1M | $808K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01407 | +0.071% | $950K | $112K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01405 | −0.078% | $6.2M | $245K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01405 | −0.071% | $262K | $61K | 20x | as long as short |
| Bitget USUALUSDTshort | +0.0100% | 4h | 0.01406 | 0.000% | $835K | $393K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01406 | −0.007% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
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 | 0.01411 | +0.363% | $11K | $1K | — | as long as short |
Variational Omni USUAL