Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.083%
Price spread now: Binance against Hyperliquid0.000%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now 0.000%, 7d avg −0.062%
=Together, before fees−0.252%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.062% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2032 | 0.0100 | pay 0.0013% / 1h | 51m 42s | $8.9M | $8.4M | 5x |
| Short | Binance FETUSDT | 0.2032 | 0.0100 | get 0.0100% / 8h | 4h 51m | $31.3M | $113.0M | 75x |
Hyperliquid FET
Binance FETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: 0.000% → −0.062%
- $6.24
- Slippage, 4 orders
- −$18.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$31.4
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Binance: 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, 11 min ago | 1.22 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.45 bp | 11.7 bp −$12 | 23.4 bp −$234 | 126.6 bp −$12.7K | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4160% | 1h | 0.2032 | 0.000% | $38K | $304K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0984% | 1h | 0.2046 | +0.689% | $148K | $233K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0452% | 1h | 0.2033 | +0.061% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2032 | +0.023% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.083% | $3K | $166K | 12x | as long as short |
| Hyperliquid FETlong | +0.0100% | 1h | 0.2032 | long leg | $8.9M | $8.4M | 5x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2032 | −0.001% | $208K | $792K | 10x | as long as short |
| Binance FETUSDTshort | +0.0100% | 8h | 0.2032 | 0.000% | $31.3M | $113.0M | 75x | |
| Gate FET_USDT | +0.0100% | 8h | 0.2031 | −0.049% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2031 | −0.049% | $30.4M | $24.0M | 200x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2030 | −0.098% | $10.7M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2066 | +1.681% | $345K | $423K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2031 | −0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2031 | −0.026% | $36K | $249K | 10x | as long as short |
| OKX FET-USDT-SWAP | +0.0197% | 4h | 0.2033 | +0.049% | $1.0M | $8.2M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2032 | −0.021% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2049 | +0.837% | $1.8M | $3.0M | 100x | as long as short |
| BingX FET-USDT | +0.0330% | 8h | 0.2032 | 0.000% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0338% | 8h | 0.2034 | +0.098% | $16.5M | $11.9M | 75x | as long as short |
| Phoenix FET | +0.0505% | 1h | 0.2055 | +1.142% | $36K | $39K | 5x | as long as short |
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET