Funding you earn now, next payment 00:00 UTC−0.1196%/8h= −130.9% APRpaid last 24h −0.317%
Price spread now: BingX against Hyperliquid−0.287%7-day average −0.257% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.459%−$46 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.287%, 7d avg −0.257%
=Together, before fees−0.375%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and BingX is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.257%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.459% in total (about -23.9% 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 NIL | 0.06876 | 0.1296 | pay 0.0162% / 1h | 58m 00s | $4.1M | $4.6M | 3x |
| Short | BingX NIL-USDT | 0.06856 | 0.0100 | get 0.0050% / 4h | 58m 00s | — | $8.6M | — |
Hyperliquid NIL
BingX NIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$251.14
- Price spread: −0.287% → −0.257%
- −$2.93
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$273.07
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; BingX: live order book, 5 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, 4 min ago | 2.68 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.34 bp | 27.3 bp −$27 | 101.1 bp −$1,011 | 434.9 bp −$43.5K | 775.1 bp −$387.6K |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0056% | 4h | 0.06881 | +0.077% | $353K | $150K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06861 | −0.217% | $21K | $363K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06854 | −0.316% | $5.3M | $81.1M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06865 | −0.156% | $3.8M | $14.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06864 | −0.170% | $444K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06843 | −0.476% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06866 | −0.141% | $514K | $712K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06855 | −0.301% | $1.8M | $9.0M | 50x | as long as short |
| BingX NIL-USDTshort | +0.0100% | 4h | 0.06856 | −0.287% | — | $8.6M | — | |
| Variational Omni NIL | +0.0100% | 4h | 0.06889 | +0.187% | $177K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06852 | −0.352% | $17K | $94K | 5x | as long as short |
| Hyperliquid NILlong | +0.1296% | 1h | 0.06876 | long leg | $4.1M | $4.6M | 3x |
Extended NIL-USD