Funding you earn now, next payment 20:00 UTC−0.1567%/8hpaid last 24h −0.287%
Price spread now: Bitget against Hyperliquid−0.502%7-day average −0.263% · you buy dearer than you sell
to open and close $10k−$176fees + slippage, both legs, in and out
costs, in % of the position1.761%what the two incomes have to cover
Funding, last 7 days−0.384%−$38 on $10k
+Price spread, last 3 days (all we have)+0.299%+$30 · spread now −0.502%, 7d avg −0.263%
=Together, before fees−0.084%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Bitget is 0.240% cheaper against Hyperliquid than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.263%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.384% in total (about -20.0% 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 NIL | 0.06727 | 0.1667 | pay 0.0208% / 1h | 37m 52s | $4.1M | $5.3M | 3x |
| Short | Bitget NILUSDT | 0.06693 | 0.0100 | get 0.0050% / 4h | 37m 52s | $1.7M | $10.6M | 50x |
Hyperliquid NIL
Bitget NILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$329.06
- Price spread: −0.502% → −0.263%
- −$23.95
- Slippage, 4 orders
- −$155.11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$529.12
- Costs to cover
- 1.761%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Bitget: live order book, 3 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 Hyperliquid live order book, 1 min ago | 7.49 bp | 76.3 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 7.56 bp | 24.3 bp −$24 | 117.4 bp −$1,174 | doesn't fit | doesn't fit |
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 | +0.0082% | 4h | 0.06633 | −1.394% | $369K | $163K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06683 | −0.645% | $21K | $394K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06684 | −0.636% | $5.4M | $96.4M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06701 | −0.384% | $3.5M | $16.8M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06691 | −0.532% | $430K | $2.5M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06690 | −0.547% | $2.1M | $8.0M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06691 | −0.532% | $489K | $768K | 30x | as long as short |
| Bitget NILUSDTshort | +0.0100% | 4h | 0.06693 | −0.502% | $1.7M | $10.6M | 50x | |
| BingX NIL-USDT | +0.0100% | 4h | 0.06686 | −0.607% | — | $8.8M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06641 | −1.279% | $53K | $157K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
BingX NIL-USDT
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 | 0.06677 | −0.734% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILlong | +0.1667% | 1h | 0.06727 | long leg | $4.1M | $5.3M | 3x |
Extended NIL-USD