Funding you earn now, next payment 09:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.029%
Price spread now: BloFin against Hyperliquid−0.559%67s7-day average −0.102% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+1.237%+$124 · spread now −0.559%, 7d avg −0.102%
=Together, before fees+1.257%+ Points / potential airdropHyperliquid: Season 2 · farm board+$126 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.457% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.559% now, against its 7-day average of −0.102%). If the spread goes back, that is −$46 on $10k: about 6.3 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.019% in total) that is about 6 months. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
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 MON | 0.02540 | 0.0100 | pay 0.0013% / 1h | 18m 04s | $34.3M | $6.8M | 5x |
| Short | BloFin MON-USDT | 0.02526 | 0.0340 | get 0.0170% / 4h | 3h 18m | $1.3M | $373K | 75x |
Hyperliquid MON
BloFin MON-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
- $50.4
- Price spread: −0.559% → −0.102%
- −$45.69
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$16.29
- Costs to cover
- 0.210%
- Break-even
- 9.3 days
Slippage unknown: Hyperliquid: live order book, 5 min ago; BloFin: live order book, 4 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 Hyperliquid live order book, 5 min ago | 0.20 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 5.95 bp | 15.2 bp −$15 | 39.7 bp −$397 | 162.8 bp −$16.3K | doesn't fit |
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0110% | 1h | 0.02539 | −0.055% | $113K | $150K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −1.386% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02522 | −0.716% | $13K | $346K | 5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0026% | 1h | 0.02538 | −0.071% | $74K | $137K | 25x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02540 | −0.008% | $816K | $766K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02535 | −0.189% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02540 | −0.010% | $394K | $565K | 10x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02540 | long leg | $34.3M | $6.8M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02538 | −0.085% | $100K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02538 | −0.096% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Deribit MON_USDC-PERPETUAL
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02538 | −0.094% | $140K | $90K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02537 | −0.120% | $24.3M | $27.1M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02538 | −0.087% | $21.2M | $13.7M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02538 | −0.087% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02530 | −0.402% | $104K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02537 | −0.126% | $968K | $1.1M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02538 | −0.087% | $2.9M | $759K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02538 | −0.087% | $2.7M | $2.2M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02522 | −0.711% | $749K | $378K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02524 | −0.637% | $42K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02526 | −0.550% | $573K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02525 | −0.598% | $69K | $546K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02538 | −0.087% | $16K | $40K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02537 | −0.126% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02538 | −0.069% | $58K | $326K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02539 | −0.055% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0160% | 1h | 0.02538 | −0.091% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02535 | −0.189% | $6K | — | 50x | as long as short |
| BloFin MON-USDTshort | +0.0340% | 4h | 0.02526 | −0.559% | $1.3M | $373K | 75x | |
| Perpl MON | +0.0447% | 43m | 0.02537 | −0.138% | $120K | $2.1M | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0536% | 1h | 0.02520 | −0.804% | $5K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02543 | +0.102% | $112K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0788% | 1h | 0.02542 | +0.056% | $273K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
Perpl MON
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD