Funding you earn now, next payment 00:00 UTC−0.0724%/8h= −79.3% APRpaid last 24h −0.158%
Price spread now: BingX against Hyperliquid−0.262%7-day average −0.199% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 7 days+0.137%+$14 · spread now −0.262%, 7d avg −0.199%
=Together, before fees−0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BingX is 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.199%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.223% in total (about -11.6% 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 CFX | 0.05380 | 0.0824 | pay 0.0103% / 1h | 57m 49s | $3.2M | $404K | 5x |
| Short | BingX CFX-USDT | 0.05366 | 0.0100 | get 0.0100% / 8h | 57m 49s | — | $20.7M | — |
Hyperliquid CFX
BingX CFX-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
- −$152.14
- Price spread: −0.262% → −0.199%
- −$6.35
- Slippage, 4 orders
- −$54.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$231.72
- Costs to cover
- 0.732%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; BingX: live order book, 6 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, 4 min ago | 0.75 bp | 30.8 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.87 bp | 11.0 bp −$11 | 15.8 bp −$158 | 40.9 bp −$4,088 | 332.9 bp −$166.4K |
CFX 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0082% | 8h | 0.05365 | −0.281% | $1.1M | $2.9M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05366 | −0.264% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05368 | −0.225% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05370 | −0.188% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05363 | −0.318% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05367 | −0.243% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05363 | −0.318% | $888K | $296K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05366 | −0.262% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDTshort | +0.0100% | 8h | 0.05366 | −0.262% | — | $20.7M | — | |
| Variational Omni CFX | +0.0100% | 8h | 0.05353 | −0.499% | $38K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05352 | −0.521% | $512K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05365 | −0.284% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0400% | 1h | 0.05361 | −0.355% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0824% | 1h | 0.05380 | long leg | $3.2M | $404K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1106% | 1h | 0.05375 | −0.101% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.1799% | 1h | 0.05379 | −0.020% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL