Funding you earn now, next payment 06:00 UTC+0.1153%/8h= +126.3% APRpaid last 24h +0.074%
Price spread now: Hyperliquid against Binance−0.061%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days+0.461%+$46 on $10k
+Price spread, last 7 days+0.269%+$27 · spread now −0.061%, 7d avg +0.075%
=Together, before fees+0.730%+ Points / potential airdropHyperliquid: Season 2 · farm board+$73 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.135% cheaper against Binance than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.075%). If the spread goes back, that is −$14 on $10k: about 9 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.461% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.461% in total (about 24.1% 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 | Binance HEMIUSDT | 0.006584 | 0.0204 | pay 0.0102% / 4h | 2h 55m | $6.6M | $10.8M | 20x |
| Short | Hyperliquid HEMI | 0.006580 | 0.1357 | get 0.0170% / 1h | 55m 13s | $1.1M | $367K | 3x |
Binance HEMIUSDT
Hyperliquid HEMIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $242.14
- Price spread: −0.061% → +0.075%
- −$13.54
- Slippage, 4 orders
- −$58.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $151.05
- Costs to cover
- 0.776%
- Break-even
- 2.6 days
Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 15 min ago | 0.77 bp | 20.2 bp −$20 | 171.8 bp −$1,718 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.54 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
HEMI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006569 | −0.228% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006580 | −0.061% | $518K | $272K | 20x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006586 | +0.030% | $838K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006564 | −0.298% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006722 | +2.096% | $2K | $1.2M | 20x | as long as short |
| Aster HEMIUSDT | +0.0188% | 4h | 0.006570 | −0.218% | $76K | $47K | 5x | as long as short |
| BingX HEMI-USDT | +0.0188% | 4h | 0.006573 | −0.167% | — | $1.4M | — | as long as short |
| MEXC HEMI_USDT | +0.0192% | 4h | 0.006576 | −0.122% | $1.7M | $274K | 50x | as long as short |
| Extended HEMI-USD | +0.0200% | 1h | 0.006574 | −0.152% | $17K | — | 5x | as long as short |
| Binance HEMIUSDTlong | +0.0204% | 4h | 0.006584 | long leg | $6.6M | $10.8M | 20x |
Bybit HEMIUSDT
Gate HEMI_USDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
Aster HEMIUSDT
BingX HEMI-USDT
MEXC HEMI_USDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDT | +0.0211% | 4h | 0.006585 | +0.015% | $367K | $52K | 20x | as long as short |
| Hyperliquid HEMIshort | +0.1357% | 1h | 0.006580 | −0.061% | $1.1M | $367K | 3x |
BloFin HEMI-USDT