Funding you earn now, next payment 22:00 UTC−0.1094%/8h= −119.8% APRpaid last 24h −0.176%
Price spread now: BloFin against Hyperliquid−0.163%7-day average −0.254% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.445%−$44 on $10k
+Price spread, last 3 days (all we have)−0.179%−$18 · spread now −0.163%, 7d avg −0.254%
=Together, before fees−0.624%+ Points / potential airdropHyperliquid: Season 2 · farm board−$62 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.091% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.163% now, against its 7-day average of −0.254%): +$9 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.445% in total) that is about 35 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.445% in total (about -23.2% 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 SYRUP | 0.2342 | 0.1188 | pay 0.0148% / 1h | 22m 36s | $5.9M | $1.4M | 3x |
| Short | BloFin SYRUP-USDT | 0.2338 | 0.0094 | get 0.0047% / 4h | 2h 22m | $470K | $134K | 50x |
Hyperliquid SYRUP
BloFin SYRUP-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
- −$229.73
- Price spread: −0.163% → −0.254%
- $9.14
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$241.59
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; BloFin: live order book, 63 min ago. Net counts fees only.
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, 9 min ago | 1.30 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 63 min ago | 0.86 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
SYRUP on 16 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 SYRUP-USDTshort | +0.0094% | 4h | 0.2338 | −0.163% | $470K | $134K | 50x | |
| Lighter SYRUP | +0.0096% | 1h | 0.2339 | −0.103% | $212K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2335 | −0.310% | $12K | $61K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2335 | −0.311% | $9.8M | $6.4M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2336 | −0.231% | $2.4M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2334 | −0.338% | $1.2M | $995K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2335 | −0.278% | $437K | $66K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2334 | −0.338% | $3.2M | $567K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2336 | −0.231% | $2.0M | $107K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2335 | −0.295% | $701K | $424K | 20x | as long as short |
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2336 | −0.261% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2335 | −0.279% | $167K | $48K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2340 | −0.075% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0333% / S −0.1447% | 1h | 0.2336 | −0.235% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0968% | 1h | 0.2334 | −0.320% | $42K | $24K | 10x | as long as short |
| Hyperliquid SYRUPlong | +0.1188% | 1h | 0.2342 | long leg | $5.9M | $1.4M | 3x |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD