Funding you earn now, next payment 03:00 UTC−0.0763%/8h= −83.6% APRpaid last 24h −0.193%
Price spread now: BloFin against Hyperliquid−0.144%47s7-day average −0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as 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−$730.725% of the position
Funding, last 7 days−0.428%−$43 on $10k
+Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.144%, 7d avg −0.172%
=Together, before fees−0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.028% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.144% now, against its 7-day average of −0.172%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.428% in total) that is about 11 hours. The two prices were read 47 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 -0.428% in total (about -22.3% 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 SKY | 0.06940 | 0.0915 | pay 0.0114% / 1h | 36m 30s | $2.9M | $913K | 3x |
| Short | BloFin SKY-USDT | 0.06930 | 0.0151 | get 0.0076% / 4h | 1h 36m | $586K | $29K | 75x |
Hyperliquid SKY
BloFin SKY-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
- −$160.33
- Price spread: −0.144% → −0.172%
- $2.79
- Slippage, 4 orders
- −$51.53
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$230.08
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BloFin: live order book, 5 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, 5 min ago | 4.32 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 2.89 bp | 22.6 bp −$23 | 48.1 bp −$481 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0401% | 4h | 0.06912 | −0.401% | $185K | $126K | — | as long as short |
| Bybit SKYUSDT | −0.0065% | 4h | 0.06916 | −0.346% | $7.3M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.343% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06920 | −0.284% | $180K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06922 | −0.263% | $70K | $29K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06926 | −0.204% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06926 | −0.197% | $15.8M | $11.1M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06922 | −0.259% | $827K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06917 | −0.331% | $593K | $277K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06923 | −0.245% | $1.0M | $271K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06924 | −0.231% | $412K | $295K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06923 | −0.245% | $2.9M | $1.6M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06919 | −0.303% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06926 | −0.202% | $27K | $666K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06926 | −0.199% | $1K | $3K | 10x | as long as short |
| BloFin SKY-USDTshort | +0.0151% | 4h | 0.06930 | −0.144% | $586K | $29K | 75x | |
| GMX SKY/USD [ETH-USDC] | L +0.0524% / S −0.0248% | 1h | 0.06925 | −0.212% | $82K | — | 50x | as long as short |
| Hyperliquid SKYlong | +0.0915% | 1h | 0.06940 | long leg | $2.9M | $913K | 3x |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]