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

W

all W markets
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Funding spread now, next payment 17:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days+0.056%to open and close $10k−$90
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid W0.011790.0100pay 0.0013% / 1h32m 03s$2.0M$662K5x
ShortBingX W-USDT0.011790.0100get 0.0050% / 4h3h 32m$7.0M

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$70.65
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$89.65
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 12 min ago.

Price risk

price view
Price gap now
−0.025%
Avg gap 7d
−0.074%
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 Hyperliquid live order book, 10 min ago4.22 bp29.7 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago3.37 bp20.7 bp −$2150.0 bp −$500612.0 bp −$61.2K1205.8 bp −$602.9K

W on 16 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Backpack W_USDC_PERP−0.0412%1h$37K$50K15xas long as short
Deribit W_USDC-PERPETUAL0.0000%1h$18K$35110xas long as short
Injective W/USDC PERP+0.0033%1h$1K$23K12xas long as short
Hyperliquid Wlong+0.0100%1h$2.0M$662K5x
Binance WUSDT+0.0100%4h$3.0M$8.4M50xas long as short
Bybit WUSDT+0.0100%4h$4.1M$2.3M50xas long as short
OKX W-USDT-SWAP+0.0100%4h$1.3M$2.3M20xas long as short
Gate W_USDT+0.0100%4h$438K$333K75xas long as short
MEXC W_USDT+0.0100%4h$11.7M$1.3M50xas long as short
KuCoin WUSDTM+0.0100%4h$415K$250K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget WUSDT+0.0100%4h$1.2M$590K50xas long as short
BingX W-USDTshort+0.0100%4h$7.0M
Variational Omni W+0.0100%4h$83K$30Kas long as short
Extended W-USD+0.0104%1h$59K$276K5xas long as short
Coinbase International W-PERP-INTX+0.0120%1h$14K$22K50xas long as short
Kraken Futures PF_WUSD+0.0592%1h$148K$193K20xas long as short