Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against BloFin+0.241%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$810.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.241%, 7d avg +0.042%
Together, before fees−0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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: Hyperliquid is 0.200% dearer against BloFin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPER-USDT0.074190.0103pay 0.0051% / 4h2h 55m$190K$22K50x
ShortHyperliquid HYPER0.074370.0100get 0.0013% / 1h55m 05s$72K$122K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.54
Price spread: +0.241% → +0.042%
$19.96
Slippage, 4 orders
−$59.79
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$61.37
Costs to cover
0.808%
Break-even
never at this rate
Slippage from BloFin: live order book, 27 min ago; Hyperliquid: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 27 min ago2.01 bp11.1 bp −$1142.7 bp −$427doesn't fitdoesn't fit
Sell Hyperliquid live order book, 28 min ago0.07 bp21.8 bp −$22doesn't fitdoesn't fitdoesn't fit

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPER_USDT−0.0134%4h0.07440+0.283%$91K$46K50xas long as short
KuCoin HYPERUSDTM+0.0068%4h0.07417−0.027%$131K$93K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07437+0.241%$72K$122K3x
Aster HYPERUSDT+0.0100%4h0.07439+0.264%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07439+0.272%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07437+0.243%$1.2M$709K25xas long as short
MEXC HYPER_USDT+0.0100%4h0.07440+0.283%$255K$128K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07440+0.283%$311K$262K50xas long as short
Variational Omni HYPER+0.0100%4h0.07429+0.134%$7K$1Kas long as short
BloFin HYPER-USDTlong+0.0103%4h0.07419long leg$190K$22K50x