Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h +0.004%
Price spread now: BloFin against Hyperliquid−0.086%87s7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as 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−$630.630% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.086%, 7d avg −0.055%
=Together, before fees−0.146%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.055%). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUSHI | 0.2549 | 0.0100 | pay 0.0013% / 1h | 1m 45s | $335K | $338K | 3x |
| Short | BloFin SUSHI-USDT | 0.2547 | 0.0130 | get 0.0130% / 8h | 7h 01m | $205K | $57K | 75x |
Hyperliquid SUSHI
BloFin SUSHI-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
- $6.2
- Price spread: −0.086% → −0.055%
- −$3.09
- Slippage, 4 orders
- −$41.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.86
- Costs to cover
- 0.630%
- Break-even
- 74.6 days
Slippage from Hyperliquid: live order book, 38 min ago; BloFin: live order book, 55 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, 38 min ago | 3.34 bp | 13.0 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 55 min ago | 7.87 bp | 15.1 bp −$15 | 31.7 bp −$317 | 120.0 bp −$12.0K | doesn't fit |
SUSHI on 15 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 SUSHI | −0.0012% | 8h | 0.2550 | +0.015% | $41K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | −0.165% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHIlong | +0.0100% | 1h | 0.2549 | long leg | $335K | $338K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2549 | −0.025% | $22K | $16K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2550 | +0.031% | $3.9M | $9.3M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2549 | −0.024% | $2.5M | $3.1M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2549 | −0.008% | $1.5M | $3.8M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2550 | +0.031% | $580K | $286K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2551 | +0.071% | $1.2M | $286K | 75x | as long as short |
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2550 | +0.031% | $1.2M | $250K | 50x | as long as short |
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDT
KuCoin SUSHIUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | +0.0100% | 8h | 0.2549 | −0.008% | $975K | $775K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2550 | +0.031% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2550 | +0.031% | $85K | $78K | 75x | as long as short |
| BloFin SUSHI-USDTshort | +0.0130% | 8h | 0.2547 | −0.086% | $205K | $57K | 75x | |
| Kraken Futures PF_SUSHIUSD | +0.0316% | 1h | 0.2551 | +0.056% | $767K | $64K | 20x | as long as short |
Bitget SUSHIUSDT
BingX SUSHI-USDT
HTX SUSHI-USDT
Kraken Futures PF_SUSHIUSD