Funding you earn now, next payment 00:00 UTC−0.0446%/8h= −48.9% APRpaid last 24h −0.070%
Price spread now: Binance against Hyperliquid−0.235%7-day average −0.183% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.235%, 7d avg −0.183%
=Together, before fees−0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.051% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid REZ | 0.003837 | 0.0546 | pay 0.0068% / 1h | 57m 37s | $1.6M | $500K | 3x |
| Short | Binance REZUSDT | 0.003828 | 0.0100 | get 0.0050% / 4h | 57m 37s | $4.9M | $9.0M | 50x |
Hyperliquid REZ
Binance REZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$93.76
- Price spread: −0.235% → −0.183%
- −$5.14
- Slippage, 4 orders
- −$57.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$175.15
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Binance: live order book, 12 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, 3 min ago | 1.31 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.31 bp | 15.3 bp −$15 | 60.0 bp −$600 | doesn't fit | doesn't fit |
REZ 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 REZ-USDT | +0.0084% | 4h | 0.003824 | −0.339% | $323K | $50K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003828 | −0.238% | $18K | $36K | 5x | as long as short |
| Binance REZUSDTshort | +0.0100% | 4h | 0.003828 | −0.235% | $4.9M | $9.0M | 50x | |
| Gate REZ_USDT | +0.0100% | 4h | 0.003830 | −0.182% | $397K | $125K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003830 | −0.182% | $1.3M | $408K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003827 | −0.261% | $451K | $95K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003827 | −0.261% | $599K | $1.3M | 50x | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003823 | −0.365% | $77K | $40K | — | as long as short |
| Bybit REZUSDT | +0.0101% | 4h | 0.003832 | −0.130% | $1.4M | $1.1M | 25x | as long as short |
| BingX REZ-USDT | +0.0118% | 4h | 0.003831 | −0.156% | — | $6.6M | — | as long as short |
BloFin REZ-USDT
Aster REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
Variational Omni REZ
Bybit REZUSDT
BingX REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0218% | 1h | 0.003821 | −0.408% | $43K | $10K | 10x | as long as short |
| Hyperliquid REZlong | +0.0546% | 1h | 0.003837 | long leg | $1.6M | $500K | 3x |
Kraken Futures PF_REZUSD