Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.124%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days−0.027%−$3 · spread now −0.124%, 7d avg −0.090%
=Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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: BingX 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 −0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1125 | 0.0100 | pay 0.0013% / 1h | 58m 55s | $3.8M | $1.9M | 5x |
| Short | BingX ALGO-USDT | 0.1123 | 0.0100 | get 0.0100% / 8h | 7h 58m | — | $3.3M | — |
Hyperliquid ALGO
BingX ALGO-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: −0.124% → −0.090%
- −$3.49
- Slippage, 4 orders
- −$37.11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$59.6
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; BingX: live order book, 10 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, 3 min ago | 1.33 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.45 bp | 13.7 bp −$14 | 33.3 bp −$333 | 168.4 bp −$16.8K | 716.5 bp −$358.2K |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0563% | 1h | 0.1125 | 0.000% | $836K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0550% | 1h | 0.1124 | −0.036% | $102K | $50K | 25x | as long as short |
| Variational Omni ALGO | −0.0132% | 8h | 0.1121 | −0.302% | $62K | $12K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1124 | −0.027% | $62K | $298K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1125 | +0.071% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.409% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1125 | long leg | $3.8M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.053% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.231% | $9.9M | $34.3M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.311% | $11.3M | $12.0M | 75x | as long as short |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1122 | −0.249% | $3.0M | $7.5M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.071% | $884K | $806K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1123 | −0.124% | $23.1M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1125 | +0.036% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.231% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDTshort | +0.0100% | 8h | 0.1123 | −0.124% | — | $3.3M | — | |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1124 | −0.027% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.124% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | −0.261% | $7K | $208K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1124 | −0.071% | $492K | $794K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0335% / S −0.0338% | 1h | 0.1125 | +0.029% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1350% | 1h | 0.1125 | +0.066% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD