Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Binance against Hyperliquid+0.036%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.036%, 7d avg −0.021%
=Together, before fees+0.161%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.057% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03904 | 0.0100 | pay 0.0013% / 1h | 35m 11s | $985K | $911K | 5x |
| Short | Binance SUSDT | 0.03905 | 0.0100 | get 0.0050% / 4h | 2h 35m | $5.3M | $23.8M | 75x |
Hyperliquid S
Binance SUSDTFunding 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
- $0
- Price spread: +0.036% → −0.021%
- $5.68
- Slippage, 4 orders
- −$51.93
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.24
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 15 min ago; Binance: live order book, 6 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, 15 min ago | 1.40 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.28 bp | 20.2 bp −$20 | 55.4 bp −$554 | 406.0 bp −$40.6K | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1462% | 1h | 0.03902 | −0.036% | $33K | $32K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −1.988% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.1122% | 4h | 0.03894 | −0.237% | $606K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0188% / S +0.0183% | 1h | 0.03906 | +0.069% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03902 | −0.032% | $4 | — | 15x | as long as short |
| Aster SUSDT | −0.0032% | 4h | 0.03906 | +0.057% | $43K | $212K | 10x | as long as short |
| Orderly PERP_S_USDC | −0.0017% | 4h | 0.03904 | +0.010% | $101K | $339K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03907 | +0.076% | $602 | — | 150x | as long as short |
| 01 Exchange SUSD | +0.0008% | 1h | 0.03900 | −0.092% | $24K | $3K | 5x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +5.031% | $2K | $37K | 12x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Aster SUSDT
Orderly PERP_S_USDC
gTrade (Gains Network) S/USD
01 Exchange SUSD
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter S | +0.0096% | 1h | 0.03907 | +0.087% | $164K | $240K | 5x | as long as short |
| Hyperliquid Slong | +0.0100% | 1h | 0.03904 | long leg | $985K | $911K | 5x | |
| Binance SUSDTshort | +0.0100% | 4h | 0.03905 | +0.036% | $5.3M | $23.8M | 75x | |
| Bybit SUSDT | +0.0100% | 4h | 0.03896 | −0.195% | $5.6M | $6.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03901 | −0.067% | $971K | $7.4M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03898 | −0.143% | $319K | $292K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03905 | +0.036% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03900 | −0.092% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03905 | +0.036% | $1.2M | $3.0M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03900 | −0.092% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03910 | +0.164% | $19K | $471K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03903 | −0.027% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03903 | −0.015% | $269K | $177K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0518% | 1h | 0.03910 | +0.164% | $66K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0564% | 1h | 0.03910 | +0.164% | $114K | $288K | 5x | as long as short |
Lighter S
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP