Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.160%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1161.159% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.160%, 7d avg +0.073%
=Together, before fees−0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.088% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01186 | 0.0100 | pay 0.0050% / 4h | 2h 27m | — | $6.8M | — |
| Short | Hyperliquid W | 0.01188 | 0.0100 | get 0.0013% / 1h | 27m 50s | $2.0M | $396K | 5x |
BingX W-USDT
Hyperliquid WFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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: +0.160% → +0.073%
- $8.76
- Slippage, 4 orders
- −$96.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$107.18
- Costs to cover
- 1.159%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 3 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 BingX live order book, 5 min ago | 4.64 bp | 32.8 bp −$33 | 100.6 bp −$1,006 | 673.9 bp −$67.4K | 1099.0 bp −$549.5K |
| Sell Hyperliquid live order book, 3 min ago | 4.21 bp | 27.2 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0339% | 1h | 0.01187 | +0.101% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.931% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01188 | +0.160% | $2.0M | $396K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01187 | +0.076% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01186 | −0.017% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01186 | +0.017% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −0.025% | $448K | $264K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01187 | +0.076% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01188 | +0.160% | $450K | $223K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01187 | +0.076% | $1.3M | $576K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTlong | +0.0100% | 4h | 0.01186 | long leg | — | $6.8M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01187 | +0.056% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01186 | −0.017% | $123K | $405K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01186 | +0.018% | $60K | $239K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01189 | +0.219% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0389% | 1h | 0.01189 | +0.253% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1529% | 1h | 0.01190 | +0.337% | $148K | $181K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD