Settings8H · net · $10k
Funding arb · Price arb /

BSV

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1313%/8h= +143.8% APRpaid last 24h +0.250%
Price spread now: Hyperliquid against BingX+0.274%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$920.921% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.469%+$47 on $10k
Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.274%, 7d avg +0.066%
Together, before fees+0.290%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Hyperliquid is 0.208% dearer against BingX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.066%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.469% in total (about 24.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BSV-USDT19.3500.0100pay 0.0050% / 4h1m 41s$2.4M
ShortHyperliquid BSV19.4030.1413get 0.0177% / 1h1m 41s$697K$280K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$275.73
Price spread: +0.274% → +0.066%
$20.79
Slippage, 4 orders
−$73.11
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$204.41
Costs to cover
0.921%
Break-even
1.8 days
Slippage from BingX: live order book, 7 min ago; Hyperliquid: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago7.77 bp29.3 bp −$2959.1 bp −$591392.2 bp −$39.2K451.2 bp −$225.6K
Sell Hyperliquid live order book, 28 min ago3.87 bp22.8 bp −$23doesn't fitdoesn't fitdoesn't fit

BSV on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BSV/USDC PERP−0.3981%1h19.270−0.413%$2K$91K5.5xas long as short
BloFin BSV-USDT+0.0067%4h19.320−0.155%$125K$210K75xas long as short
Binance BSVUSDT+0.0100%4h19.384+0.175%$1.9M$3.8M75xas long as short
Bybit BSVUSDT+0.0100%4h19.355+0.026%$1.7M$1.1M75xas long as short
Gate BSV_USDT+0.0100%4h19.330−0.103%$1.8M$2.6M50xas long as short
MEXC BSV_USDT+0.0100%4h19.380+0.155%$2.4M$626K125xas long as short
KuCoin BSVUSDTM+0.0100%4h19.370+0.103%$684K$97K30xas long as short
Bitget BSVUSDT+0.0100%4h19.390+0.207%$2.0M$774K75xas long as short
BingX BSV-USDTlong+0.0100%4h19.350long leg$2.4M
Hyperliquid BSVshort+0.1413%1h19.403+0.274%$697K$280K3x