Funding you earn now, next payment 22:00 UTC−0.0848%/8h= −92.9% APRpaid last 24h −0.153%
Price spread now: Bitget against Hyperliquid−0.289%7-day average −0.241% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$810.807% of the position
Funding, last 7 days−0.208%−$21 on $10k
+Price spread, last 7 days+0.010%+$1 · spread now −0.289%, 7d avg −0.241%
=Together, before fees−0.198%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bitget is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.241%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.208% in total (about -10.8% 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 | 0.05355 | 0.0948 | pay 0.0119% / 1h | 57m 30s | $3.3M | $359K | 5x |
| Short | Bitget CFXUSDT | 0.05340 | 0.0100 | get 0.0100% / 8h | 2h 57m | $1.6M | $1.6M | 75x |
Hyperliquid CFX
Bitget CFXUSDTFunding 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
- −$178.14
- Price spread: −0.289% → −0.241%
- −$4.8
- Slippage, 4 orders
- −$59.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$263.68
- Costs to cover
- 0.807%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bitget: 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, 4 min ago | 0.56 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.74 bp | 13.0 bp −$13 | 41.8 bp −$418 | doesn't fit | doesn't fit |
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 | −0.0030% | 8h | 0.05337 | −0.345% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05344 | −0.215% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05340 | −0.289% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05342 | −0.252% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05333 | −0.420% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05340 | −0.289% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05339 | −0.308% | $856K | $293K | 75x | as long as short |
| Bitget CFXUSDTshort | +0.0100% | 8h | 0.05340 | −0.289% | $1.6M | $1.6M | 75x | |
| BingX CFX-USDT | +0.0100% | 8h | 0.05339 | −0.308% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05347 | −0.167% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
BingX CFX-USDT
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 | 0.05347 | −0.163% | $510K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05339 | −0.315% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05359 | +0.065% | $35K | $200K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0948% | 1h | 0.05355 | long leg | $3.3M | $359K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1696% | 1h | 0.05355 | −0.018% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2370% | 1h | 0.05357 | +0.028% | $141 | $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