Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance0.000%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$890.886% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.213%−$21 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now 0.000%, 7d avg −0.016%
Together, before fees−0.252%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NOTUSDT0.00051300.0100pay 0.0050% / 4h3h 14m$2.1M$3.1M50x
ShortHyperliquid NOT0.00051300.0100get 0.0013% / 1h14m 18s$375K$51K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → −0.016%
$1.58
Slippage, 4 orders
−$69.63
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$87.06
Costs to cover
0.886%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Hyperliquid: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 6 min ago1.96 bp19.4 bp −$19118.6 bp −$1,186doesn't fitdoesn't fit
Sell Hyperliquid live order book, 35 min ago9.81 bp33.4 bp −$33doesn't fitdoesn't fitdoesn't fit

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_NOTUSD−0.0330%1h0.0005138+0.154%$50K$10K10xas long as short
Variational Omni NOT−0.0136%4h0.0005115−0.288%$72K$39Kas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−4.990%$1K$13K5.5xas long as short
BloFin NOT-USDT+0.0041%4h0.0005127−0.058%$113K$17K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005140+0.195%$12K$5K3xas long as short
Hyperliquid NOTshort+0.0100%1h0.00051300.000%$375K$51K3x
Aster NOTUSDT+0.0100%4h0.0005128−0.031%$14K$9K5xas long as short
Binance NOTUSDTlong+0.0100%4h0.0005130long leg$2.1M$3.1M50x
Bybit NOTUSDT+0.0100%4h0.0005126−0.078%$2.2M$824K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005132+0.039%$637K$614K20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate NOT_USDT+0.0100%4h0.0005124−0.117%$143K$79K50xas long as short
MEXC NOT_USDT+0.0100%4h0.0005131+0.019%$1.4M$466K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005128−0.039%$468K$136K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005133+0.058%$674K$394K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005125−0.097%$723Kas long as short
Extended kNOT-USD+0.0104%1h0.0005129−0.022%$4K$4915xas long as short