Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.105%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1321.322% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.105%, 7d avg +0.085%
=Together, before fees+0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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: Hyperliquid is 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUALUSDT | 0.01366 | 0.0100 | pay 0.0050% / 4h | 54m 41s | $2.1M | $3.3M | 50x |
| Short | Hyperliquid USUAL | 0.01367 | 0.0100 | get 0.0013% / 1h | 54m 41s | $393K | $203K | 3x |
Binance USUALUSDT
Hyperliquid USUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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: +0.105% → +0.085%
- $2.01
- Slippage, 4 orders
- −$113.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$130.24
- Costs to cover
- 1.322%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; Hyperliquid: 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 Binance live order book, 11 min ago | 1.83 bp | 19.4 bp −$19 | 124.6 bp −$1,246 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 7.32 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4582% | 1h | 0.01350 | −1.140% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0771% | 1h | 0.01365 | −0.011% | $111K | $18K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01367 | +0.105% | $393K | $203K | 3x | |
| Binance USUALUSDTlong | +0.0100% | 4h | 0.01366 | long leg | $2.1M | $3.3M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01368 | +0.200% | $1.0M | $825K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01367 | +0.105% | $912K | $202K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01366 | +0.024% | $6.0M | $245K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01370 | +0.324% | $281K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01368 | +0.178% | $825K | $455K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01368 | +0.178% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01368 | +0.201% | $9K | $208 | — | as long as short |
Variational Omni USUAL