Funding you earn now, next payment 03:00 UTC+0.1019%/8h= +111.6% APRpaid last 24h +0.185%
Price spread now: Hyperliquid against Binance+0.198%7-day average +0.231% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$900.903% of the position
Funding, last 7 days+0.637%+$64 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now +0.198%, 7d avg +0.231%
=Together, before fees+0.625%+ Points / potential airdropHyperliquid: Season 2 · farm board+$62 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.033% cheaper against Binance than usual: you would sell low and buy high (spread +0.198% now, against its 7-day average of +0.231%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.637% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.637% in total (about 33.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 0GUSDT | 0.2313 | 0.0100 | pay 0.0050% / 4h | 1h 38m | $6.8M | $8.9M | 50x |
| Short | Hyperliquid 0G | 0.2318 | 0.1119 | get 0.0140% / 1h | 38m 44s | $2.5M | $501K | 3x |
Binance 0GUSDT
Hyperliquid 0GFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $213.94
- Price spread: +0.198% → +0.231%
- −$3.29
- Slippage, 4 orders
- −$71.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $120.38
- Costs to cover
- 0.903%
- Break-even
- 3.1 days
Slippage from Binance: live order book, 1 min ago; Hyperliquid: live order book, 2 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 Binance live order book, 1 min ago | 2.16 bp | 16.8 bp −$17 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 3.23 bp | 29.1 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
0G on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 0G-USDT | −0.1190% | 4h | 0.2313 | −0.014% | — | $6.5M | — | as long as short |
| GMX 0G/USD [WBTC.b-USDC] | L −0.0235% / S +0.0198% | 1h | 0.2309 | −0.168% | $2K | — | 100x | as long as short |
| Aster 0GUSDT | +0.0100% | 4h | 0.2312 | −0.057% | $18K | $41K | 5x | as long as short |
| Binance 0GUSDTlong | +0.0100% | 4h | 0.2313 | long leg | $6.8M | $8.9M | 50x | |
| Bybit 0GUSDT | +0.0100% | 4h | 0.2310 | −0.144% | $2.3M | $2.4M | 50x | as long as short |
| OKX 0G-USDT-SWAP | +0.0100% | 4h | 0.2315 | +0.072% | $892K | $2.3M | 20x | as long as short |
| Gate 0G_USDT | +0.0100% | 8h | 0.2310 | −0.144% | $599K | $146K | 50x | as long as short |
| MEXC 0G_USDT | +0.0100% | 4h | 0.2313 | −0.014% | $2.0M | $193K | 50x | as long as short |
| KuCoin 0GUSDTM | +0.0100% | 4h | 0.2313 | −0.036% | $2.4M | $2.4M | 50x | as long as short |
| Bitget 0GUSDT | +0.0100% | 4h | 0.2313 | −0.014% | $1.9M | $729K | 50x | as long as short |
BingX 0G-USDT
GMX 0G/USD [WBTC.b-USDC]
Aster 0GUSDT
Bybit 0GUSDT
OKX 0G-USDT-SWAP
Gate 0G_USDT
MEXC 0G_USDT
KuCoin 0GUSDTM
Bitget 0GUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni 0G | +0.0100% | 4h | 0.2312 | −0.077% | $13K | $3K | — | as long as short |
| ApeX Omni 0GUSDT | +0.0100% | 1h | 0.2324 | +0.444% | $18K | $624K | 50x | as long as short |
| BloFin 0G-USDT | +0.0149% | 4h | 0.2315 | +0.072% | $325K | $9K | 50x | as long as short |
| Backpack 0G_USDC_PERP | +0.0334% | 1h | 0.2312 | −0.057% | $31K | $50K | 5x | as long as short |
| Hyperliquid 0Gshort | +0.1119% | 1h | 0.2318 | +0.198% | $2.5M | $501K | 3x | |
| Lighter 0G | +0.1560% | 1h | 0.2318 | +0.202% | $48K | $104K | 3x | as long as short |
Variational Omni 0G
ApeX Omni 0GUSDT
BloFin 0G-USDT
Backpack 0G_USDC_PERP
Lighter 0G