Funding you earn now, next payment 22:00 UTC−0.0805%/8h= −88.1% APRpaid last 24h −0.043%
Price spread now: BingX against Hyperliquid−0.213%7-day average −0.153% · 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−$78as in the Price arb table
costs, in and out, $10k−$720.716% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 7 days+0.077%+$8 · spread now −0.213%, 7d avg −0.153%
=Together, before fees−0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and BingX is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.153%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.155% in total (about -8.1% 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 CC | 0.1171 | 0.0905 | pay 0.0113% / 1h | 47m 23s | $5.5M | $1.3M | 3x |
| Short | BingX CC-USDT | 0.1168 | 0.0100 | get 0.0050% / 4h | 2h 47m | — | $6.6M | — |
Hyperliquid CC
BingX CC-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
- −$168.95
- Price spread: −0.213% → −0.153%
- −$6.01
- Slippage, 4 orders
- −$52.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$246.6
- Costs to cover
- 0.716%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 4 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, 5 min ago | 1.28 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 5.57 bp | 27.7 bp −$28 | 82.2 bp −$822 | 330.2 bp −$33.0K | 996.6 bp −$498.3K |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3670% | 1h | 0.1153 | −1.511% | $6K | $98 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0099% | 8h | 0.1169 | −0.179% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1168 | −0.205% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1168 | −0.225% | $11.1M | $10.8M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1168 | −0.255% | $10.5M | $3.7M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1169 | −0.179% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1167 | −0.324% | $363K | $206K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1168 | −0.230% | $1.7M | $294K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1169 | −0.127% | $493K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1168 | −0.238% | $943K | $783K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDTshort | +0.0100% | 4h | 0.1168 | −0.213% | — | $6.6M | — | |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1168 | −0.264% | $18K | $21K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1166 | −0.383% | $581K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1168 | −0.230% | $84K | $2.2M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1168 | −0.269% | $7K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1168 | −0.230% | $589K | $108K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0443% / S −0.0239% | 1h | 0.1169 | −0.167% | $44K | — | 50x | as long as short |
| Hyperliquid CClong | +0.0905% | 1h | 0.1171 | long leg | $5.5M | $1.3M | 3x | |
| Lighter CC | +0.1800% | 1h | 0.1173 | +0.231% | $234K | $160K | 5x | as long as short |
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC