Funding you earn now, next payment 20:00 UTC−0.1806%/8hpaid last 24h −0.198%
Price spread now: BingX against Hyperliquid−0.432%7-day average −0.173% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 7 days+0.276%+$28 · spread now −0.432%, 7d avg −0.173%
=Together, before fees−0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and BingX is 0.259% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.173%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.277% in total (about -14.5% 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 POPCAT | 0.05489 | 0.1906 | pay 0.0238% / 1h | 27m 08s | $2.5M | $1.0M | 3x |
| Short | BingX POPCAT-USDC | 0.05465 | 0.0100 | get 0.0050% / 4h | 27m 08s | — | $1.6M | — |
Hyperliquid POPCAT
BingX POPCAT-USDCFunding 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
- −$379.3
- Price spread: −0.432% → −0.173%
- −$25.89
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$424.19
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; BingX: live order book, 18 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, 3 min ago | 1.73 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 18 min ago | 13.68 bp | 68.2 bp −$68 | 372.3 bp −$3,723 | 575.2 bp −$57.5K | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4313% | 1h | 0.05423 | −1.197% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05472 | −0.303% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05474 | −0.268% | $99K | $47K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05478 | −0.189% | $2.4M | $6.1M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05465 | −0.432% | $8.7M | $5.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05472 | −0.304% | $680K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05470 | −0.341% | $414K | $677K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05478 | −0.195% | $1.9M | $907K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05474 | −0.268% | $1.1M | $997K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05476 | −0.231% | $1.1M | $858K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTM
Bitget POPCATUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POPCAT-USDCshort | +0.0100% | 4h | 0.05465 | −0.432% | — | $1.6M | — | |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05458 | −0.560% | $506K | $166K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05472 | −0.303% | $243K | $496K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05470 | −0.341% | $22K | $633K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05478 | −0.203% | $96K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05473 | −0.286% | $130K | $267K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0418% | 1h | 0.05471 | −0.325% | $139K | $116K | 20x | as long as short |
| Hyperliquid POPCATlong | +0.1906% | 1h | 0.05489 | long leg | $2.5M | $1.0M | 3x |
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD