Funding you earn now, next payment 01:00 UTC−0.3911%/8h= −428.3% APRpaid last 24h −0.325%
Price spread now: BloFin against Hyperliquid−1.189%107s7-day average −0.335% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.908% of the position
Funding, last 7 days−0.470%−$47 on $10k
+Price spread, last 3 days (all we have)+0.832%+$83 · spread now −1.189%, 7d avg −0.335%
=Together, before fees+0.362%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$117 a day on $10k at the current rate, and BloFin is 0.854% cheaper against Hyperliquid than usual: you would sell low and buy high (−$85 if the spread goes back to its 7-day average of −0.335%). Swap the legs. The two prices were read 107 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 -0.470% in total (about -24.5% 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 | 0.06939 | 0.4027 | pay 0.0503% / 1h | 11m 19s | $4.4M | $4.5M | 3x |
| Short | BloFin NIL-USDT | 0.06856 | 0.0116 | get 0.0058% / 4h | 3h 11m | $352K | $131K | 50x |
Hyperliquid NIL
BloFin NIL-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
- −$821.33
- Price spread: −1.189% → −0.335%
- −$85.37
- Slippage, 4 orders
- −$69.76
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$997.46
- Costs to cover
- 0.908%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 59 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, 10 min ago | 2.89 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 0.74 bp | 19.8 bp −$20 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06900 | −0.552% | $22K | $341K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06926 | −0.187% | $5.4M | $76.3M | 50x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06918 | −0.295% | $443K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06928 | −0.151% | $2.4M | $4.7M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06913 | −0.368% | $517K | $661K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06937 | −0.022% | $1.8M | $8.3M | 50x | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06902 | −0.521% | $17K | $92K | 5x | as long as short |
| BloFin NIL-USDTshort | +0.0116% | 4h | 0.06856 | −1.189% | $352K | $131K | 50x | |
| Variational Omni NIL | +0.0360% | 4h | 0.06939 | +0.005% | $180K | $267K | — | as long as short |
| Bybit NILUSDT | +0.0542% | 4h | 0.06939 | +0.007% | $3.9M | $13.7M | 20x | as long as short |
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
Extended NIL-USD
Variational Omni NIL
Bybit NILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX NIL-USDT | +0.0618% | 4h | 0.06933 | −0.079% | — | $8.5M | — | as long as short |
| Hyperliquid NILlong | +0.4027% | 1h | 0.06939 | long leg | $4.4M | $4.5M | 3x |
BingX NIL-USDT