Funding you earn now, next payment 08:00 UTC+0.0469%/8h= +51.3% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against Binance+0.247%7-day average +0.270% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.247%, 7d avg +0.270%
=Together, before fees+0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread +0.247% now, against its 7-day average of +0.270%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.042% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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 IMXUSDT | 0.1501 | 0.0100 | pay 0.0050% / 4h | 1m 13s | $3.6M | $6.0M | 75x |
| Short | Hyperliquid IMX | 0.1505 | 0.0569 | get 0.0071% / 1h | 1m 13s | $3.4M | $318K | 5x |
Binance IMXUSDT
Hyperliquid IMXFunding 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
- $98.46
- Price spread: +0.247% → +0.270%
- −$2.32
- Slippage, 4 orders
- −$75.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.22
- Costs to cover
- 0.949%
- Break-even
- 6.9 days
Slippage from Binance: live order book, 7 min ago; Hyperliquid: live order book, 10 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, 7 min ago | 3.34 bp | 22.7 bp −$23 | 84.7 bp −$847 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 2.34 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
IMX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) IMX/USD | L −0.0002% / S +0.0004% | 1h | 0.1501 | −0.009% | $6K | — | 150x | as long as short |
| dYdX IMX-USD | +0.0027% | 1h | 0.1501 | +0.013% | $26K | $4K | 5x | as long as short |
| Injective IMX/USDC PERP | +0.0033% | 1h | 0.1515 | +0.933% | $559 | $28K | 5.5x | as long as short |
| Variational Omni IMX | +0.0098% | 4h | 0.1498 | −0.213% | $94K | $131K | — | as long as short |
| Binance IMXUSDTlong | +0.0100% | 4h | 0.1501 | long leg | $3.6M | $6.0M | 75x | |
| Bybit IMXUSDT | +0.0100% | 4h | 0.1499 | −0.133% | $3.8M | $2.2M | 75x | as long as short |
| OKX IMX-USDT-SWAP | +0.0100% | 4h | 0.1500 | −0.067% | $938K | $1.5M | 20x | as long as short |
| Gate IMX_USDT | +0.0100% | 4h | 0.1497 | −0.266% | $639K | $72K | 50x | as long as short |
| MEXC IMX_USDT | +0.0100% | 4h | 0.1501 | 0.000% | $2.4M | $597K | 125x | as long as short |
| KuCoin IMXUSDTM | +0.0100% | 4h | 0.1499 | −0.133% | $359K | $183K | 50x | as long as short |
gTrade (Gains Network) IMX/USD
dYdX IMX-USD
Injective IMX/USDC PERP
Variational Omni IMX
Bybit IMXUSDT
OKX IMX-USDT-SWAP
Gate IMX_USDT
MEXC IMX_USDT
KuCoin IMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget IMXUSDT | +0.0100% | 4h | 0.1500 | −0.067% | $1.3M | $393K | 75x | as long as short |
| BingX IMX-USDT | +0.0100% | 4h | 0.1501 | 0.000% | — | $2.8M | — | as long as short |
| BloFin IMX-USDT | +0.0340% | 4h | 0.1500 | −0.067% | $183K | $137K | 75x | as long as short |
| Hyperliquid IMXshort | +0.0569% | 1h | 0.1505 | +0.247% | $3.4M | $318K | 5x | |
| Kraken Futures PF_IMXUSD | +0.2001% | 1h | 0.1507 | +0.402% | $114K | $10K | 20x | as long as short |
Bitget IMXUSDT
BingX IMX-USDT
BloFin IMX-USDT
Kraken Futures PF_IMXUSD