Funding you earn now, next payment 09:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h −0.063%
Price spread now: BloFin against Hyperliquid+0.277%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.277%, 7d avg −0.018%
=Together, before fees−0.369%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.295% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.277% now, against its 7-day average of −0.018%): +$29 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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 FET | 0.2023 | 0.0756 | pay 0.0094% / 1h | 56m 30s | $8.5M | $8.5M | 5x |
| Short | BloFin FET-USDT | 0.2029 | 0.0246 | get 0.0246% / 8h | 7h 56m | $1.7M | $3.3M | 100x |
Hyperliquid FET
BloFin FET-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
- −$107.01
- Price spread: +0.277% → −0.018%
- $29.47
- Slippage, 4 orders
- −$34.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$132.91
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BloFin: live order book, 2 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, 6 min ago | 0.74 bp | 8.2 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.47 bp | 26.3 bp −$26 | 40.8 bp −$408 | 114.4 bp −$11.4K | 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 | −0.2700% | 1h | 0.2028 | +0.227% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2032 | +0.425% | $153K | $263K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0304% | 1h | 0.2029 | +0.289% | $1.0M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2027 | +0.154% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.662% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2020 | −0.168% | $188K | $751K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2018 | −0.267% | $2.7M | $12.0M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2023 | −0.020% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2020 | −0.157% | $276K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2026 | +0.128% | $36K | $11K | 10x | 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
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0114% | 8h | 0.2021 | −0.119% | $16.5M | $11.7M | 75x | as long as short |
| MEXC FET_USDT | +0.0126% | 8h | 0.2020 | −0.168% | $30.0M | $25.0M | 200x | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2020 | −0.157% | $33K | $205K | 10x | as long as short |
| Binance FETUSDT | +0.0129% | 8h | 0.2020 | −0.169% | $30.8M | $111.8M | 75x | as long as short |
| BingX FET-USDT | +0.0130% | 8h | 0.2020 | −0.168% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0301% | 1h | 0.2027 | +0.193% | $13K | — | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0221% | 4h | 0.2019 | −0.217% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDTshort | +0.0246% | 8h | 0.2029 | +0.277% | $1.7M | $3.3M | 100x | |
| Phoenix FET | +0.0597% | 1h | 0.2023 | 0.000% | $35K | $35K | 5x | as long as short |
| Hyperliquid FETlong | +0.0756% | 1h | 0.2023 | long leg | $8.5M | $8.5M | 5x |
Bitget FETUSDT
MEXC FET_USDT
Extended FET-USD
Binance FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
OKX FET-USDT-SWAP
Phoenix FET