Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.070%
Price spread now: Binance against Hyperliquid+0.064%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$660.659% of the position
Funding, last 7 days−0.161%−$16 on $10k
+Price spread, last 7 days−0.105%−$11 · spread now +0.064%, 7d avg −0.100%
=Together, before fees−0.267%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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 0.164% dearer against Hyperliquid than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5047 | 0.0100 | pay 0.0013% / 1h | 54m 50s | $9.7M | $7.5M | 5x |
| Short | Binance SPXUSDT | 0.5050 | 0.0100 | get 0.0050% / 4h | 54m 50s | $4.9M | $20.9M | 75x |
Hyperliquid SPX
Binance SPXUSDTFunding 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: +0.064% → −0.100%
- $16.38
- Slippage, 4 orders
- −$46.86
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.49
- Costs to cover
- 0.659%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Binance: live order book, 1 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, 8 min ago | 1.91 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.97 bp | 21.9 bp −$22 | 66.3 bp −$663 | 445.9 bp −$44.6K | doesn't fit |
SPX on 19 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_SPXUSD | −0.1179% | 1h | 0.5057 | +0.208% | $240K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −1.345% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0062% | 4h | 0.5034 | −0.249% | $847K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5051 | +0.081% | $116K | $318K | 5x | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.5047 | long leg | $9.7M | $7.5M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5042 | −0.088% | $127K | $108K | 10x | as long as short |
| Binance SPXUSDTshort | +0.0100% | 4h | 0.5050 | +0.064% | $4.9M | $20.9M | 75x | |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5048 | +0.022% | $11.6M | $16.0M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5060 | +0.260% | $967K | $2.8M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5045 | −0.038% | $1.0M | $493K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Lighter SPX
Aster SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5052 | +0.101% | $11.3M | $4.7M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5047 | +0.002% | $3.8M | $5.3M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5043 | −0.077% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5047 | +0.002% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5032 | −0.295% | $45K | $247K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5058 | +0.220% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5043 | −0.077% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.5046 | −0.017% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5052 | +0.101% | $244K | $962K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT