Funding you earn now, next payment 01:00 UTC−0.0439%/8h= −48.0% APRpaid last 24h −0.048%
Price spread now: BingX against Hyperliquid−0.164%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.164%, 7d avg −0.108%
=Together, before fees−0.186%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.108%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% 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 UNI | 9.1690 | 0.0539 | pay 0.0067% / 1h | 13m 48s | $101.1M | $59.9M | 10x |
| Short | BingX UNI-USDT | 9.1540 | 0.0100 | get 0.0100% / 8h | 7h 13m | — | $57.0M | — |
Hyperliquid UNI
BingX UNI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$92.1
- Price spread: −0.164% → −0.108%
- −$5.6
- Slippage, 4 orders
- −$7.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$124.25
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BingX: live order book, 10 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, 10 min ago | 1.40 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 0.54 bp | 5.5 bp −$6 | 5.5 bp −$55 | 5.5 bp −$554 | 5.5 bp −$2,769 |
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 9.1630 | −0.066% | $49K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.697% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0080% | 1h | 9.1647 | −0.047% | $457 | — | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1625 | −0.071% | $980K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1604 | −0.094% | $1.1M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1570 | −0.131% | $305K | $589K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1563 | −0.139% | $232.6M | $603.4M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1520 | −0.185% | $103.1M | $107.9M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1510 | −0.196% | $56.5M | $256.2M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1640 | −0.055% | $282K | $622K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1520 | −0.185% | $23.4M | $60.4M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1560 | −0.142% | $46.7M | $24.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1560 | −0.142% | $13.6M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1520 | −0.185% | $33.8M | $43.1M | 75x | as long as short |
| BingX UNI-USDTshort | +0.0100% | 8h | 9.1540 | −0.164% | — | $57.0M | — | |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1624 | −0.072% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1621 | −0.075% | $4.2M | $4.4M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1705 | +0.016% | $173K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1763 | +0.079% | $641K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1690 | 0.000% | $89K | $707K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1700 | +0.011% | $56K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1642 | −0.052% | $85K | $386K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1630 | −0.065% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1656 | −0.037% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1639 | −0.056% | $22K | $711K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1758 | +0.074% | $724K | $4.4M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1650 | −0.044% | $27.6M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1504 | −0.203% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1485 | −0.223% | $309K | $1.6M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1621 | −0.075% | $33K | — | 3x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0158% | 1h | 9.1665 | −0.027% | $592K | $185K | 50x | as long as short |
| dYdX UNI-USD | +0.0196% | 1h | 9.1515 | −0.190% | $246K | $24K | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1600 | −0.098% | $10.6M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0272% | 1h | 9.1690 | 0.000% | $1.1M | $4.9M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0367% | 1h | 9.1583 | −0.117% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0323% | 1h | 9.1625 | −0.070% | $579K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0383% | 1h | 9.1684 | −0.007% | $5.1M | $7.1M | 50x | as long as short |
| Hyperliquid UNIlong | +0.0539% | 1h | 9.1690 | long leg | $101.1M | $59.9M | 10x | |
| Lighter UNI | +0.0960% | 1h | 9.1741 | +0.056% | $4.7M | $5.3M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.1012% | 1h | 9.1909 | +0.239% | $1K | $49K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
Deribit UNI_USDC-PERPETUAL
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Lighter UNI
Aftermath Perps UNIUSD