Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: BloFin against Hyperliquid+0.082%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)−1.012%−$101 · spread now +0.082%, 7d avg −0.036%
=Together, before fees−0.938%+ Points / potential airdropHyperliquid: Season 2 · farm board−$94 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.118% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETC | 8.7938 | 0.0100 | pay 0.0013% / 1h | 38m 54s | $2.5M | $591K | 5x |
| Short | BloFin ETC-USDT | 8.8010 | 0.0220 | get 0.0220% / 8h | 5h 38m | $1.4M | $192K | 50x |
Hyperliquid ETC
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.082% → −0.036%
- $11.82
- Slippage, 4 orders
- −$34.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.21
- Costs to cover
- 0.552%
- Break-even
- 12.1 days
Slippage from Hyperliquid: live order book, 2 min ago; BloFin: live order book, 74 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, 2 min ago | 1.99 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 74 min ago | 1.70 bp | 13.1 bp −$13 | 23.6 bp −$236 | 70.7 bp −$7,069 | doesn't fit |
ETC on 22 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_ETCUSD | −0.0010% | 1h | 8.7768 | −0.193% | $1.9M | $692K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7957 | +0.022% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7781 | −0.179% | $497 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7810 | −0.146% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.923% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETClong | +0.0100% | 1h | 8.7938 | long leg | $2.5M | $591K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.7802 | −0.154% | $983K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7837 | −0.115% | $26.3M | $68.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7810 | −0.146% | $12.8M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7870 | −0.077% | $8.5M | $16.9M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7820 | −0.134% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7810 | −0.146% | $7.4M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7850 | −0.100% | $2.9M | $643K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7835 | −0.117% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7820 | −0.134% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7903 | −0.040% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7790 | −0.168% | $169 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7929 | −0.010% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7810 | −0.146% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7806 | −0.150% | $11K | $93K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0220% | 8h | 8.8010 | +0.082% | $1.4M | $192K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.9440 | +1.708% | $38K | $16K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX