Funding you earn now, next payment 22:00 UTC−0.0452%/8h= −49.5% APRpaid last 24h −0.063%
Price spread now: Bitget against Hyperliquid−0.254%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.254%, 7d avg −0.170%
=Together, before fees+0.202%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.084% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% 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 | Hyperliquid BIO | 0.02871 | 0.0552 | pay 0.0069% / 1h | 49m 02s | $753K | $216K | 3x |
| Short | Bitget BIOUSDT | 0.02864 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.3M | $520K | 50x |
Hyperliquid BIO
Bitget BIOUSDTFunding 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
- −$94.86
- Price spread: −0.254% → −0.170%
- −$8.38
- Slippage, 4 orders
- −$61.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$186.2
- Costs to cover
- 0.830%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 36 min ago; Bitget: 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 Hyperliquid live order book, 36 min ago | 2.25 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 6.98 bp | 23.9 bp −$24 | 65.0 bp −$650 | doesn't fit | doesn't fit |
BIO on 15 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_BIOUSD | −0.0670% | 1h | 0.02868 | −0.130% | $11K | $6K | 20x | as long as short |
| Lighter BIO | +0.0096% | 1h | 0.02869 | −0.084% | $11K | $3K | 3x | as long as short |
| Orderly PERP_BIO_USDC | +0.0097% | 4h | 0.02867 | −0.150% | $13K | — | 10x | as long as short |
| Aster BIOUSDT | +0.0100% | 4h | 0.02866 | −0.185% | $19K | $93K | 5x | as long as short |
| Binance BIOUSDT | +0.0100% | 4h | 0.02864 | −0.241% | $6.1M | $6.9M | 50x | as long as short |
| Bybit BIOUSDT | +0.0100% | 4h | 0.02867 | −0.150% | $2.2M | $2.6M | 50x | as long as short |
| OKX BIO-USDT-SWAP | +0.0100% | 4h | 0.02866 | −0.185% | $1.2M | $2.3M | 20x | as long as short |
| Gate BIO_USDT | +0.0100% | 8h | 0.02867 | −0.150% | $1.4M | $265K | 50x | as long as short |
| MEXC BIO_USDT | +0.0100% | 4h | 0.02864 | −0.254% | $379K | $124K | 20x | as long as short |
| KuCoin BIOUSDTM | +0.0100% | 4h | 0.02870 | −0.045% | $547K | $126K | 20x | as long as short |
Kraken Futures PF_BIOUSD
Lighter BIO
Orderly PERP_BIO_USDC
Aster BIOUSDT
Binance BIOUSDT
Bybit BIOUSDT
OKX BIO-USDT-SWAP
Gate BIO_USDT
MEXC BIO_USDT
KuCoin BIOUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BIOUSDTshort | +0.0100% | 4h | 0.02864 | −0.254% | $1.3M | $520K | 50x | |
| BingX BIO-USDT | +0.0100% | 4h | 0.02867 | −0.150% | — | $1.4M | — | as long as short |
| Variational Omni BIO | +0.0100% | 4h | 0.02865 | −0.236% | $33K | $70K | — | as long as short |
| BloFin BIO-USDT | +0.0106% | 4h | 0.02863 | −0.289% | $262K | $9K | 50x | as long as short |
| Hyperliquid BIOlong | +0.0552% | 1h | 0.02871 | long leg | $753K | $216K | 3x |
BingX BIO-USDT
Variational Omni BIO
BloFin BIO-USDT