Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.077%7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.077%, 7d avg −0.006%
=Together, before fees−0.093%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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 0.083% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance INITUSDT | 0.08274 | 0.0100 | pay 0.0050% / 4h | 3h 43m | $3.4M | $3.7M | 25x |
| Short | Hyperliquid INIT | 0.08280 | 0.0100 | get 0.0013% / 1h | 43m 29s | $302K | $233K | 3x |
Binance INITUSDT
Hyperliquid INITFunding 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
- $0
- Price spread: +0.077% → −0.006%
- $8.34
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$10.66
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 8 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.
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, 8 min ago | 4.23 bp | 30.4 bp −$30 | 114.2 bp −$1,142 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 6.83 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0041% | 4h | 0.08268 | −0.073% | $154K | $112K | 25x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08280 | +0.077% | $302K | $233K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08277 | +0.040% | $27K | $37K | 5x | as long as short |
| Binance INITUSDTlong | +0.0100% | 4h | 0.08274 | long leg | $3.4M | $3.7M | 25x | |
| Bybit INITUSDT | +0.0100% | 4h | 0.08267 | −0.085% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08276 | +0.024% | $137K | $643K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08270 | −0.048% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08275 | +0.012% | $450K | $218K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08274 | 0.000% | $329K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08262 | −0.145% | $431K | $310K | 25x | as long as short |
BloFin INIT-USDT
Aster INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08269 | −0.060% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08262 | −0.142% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0192% | 1h | 0.08277 | +0.040% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD