Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid−0.036%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.036%, 7d avg −0.014%
=Together, before fees+0.100%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 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: BingX is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01386 | 0.0100 | pay 0.0013% / 1h | 27m 43s | $397K | $182K | 3x |
| Short | BingX USUAL-USDT | 0.01385 | 0.0100 | get 0.0050% / 4h | 2h 27m | — | $1.2M | — |
Hyperliquid USUAL
BingX USUAL-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
- $0
- Price spread: −0.036% → −0.014%
- −$2.2
- Slippage, 4 orders
- −$103.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$124.27
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; BingX: live order book, 7 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, 12 min ago | 3.64 bp | 50.0 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 7.24 bp | 25.5 bp −$26 | 107.7 bp −$1,077 | 558.8 bp −$55.9K | 837.7 bp −$418.8K |
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 | −0.4129% | 1h | 0.01357 | −2.092% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0644% | 1h | 0.01385 | −0.081% | $113K | $18K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01386 | long leg | $397K | $182K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01385 | −0.087% | $2.2M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01387 | +0.043% | $1.0M | $762K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01386 | 0.000% | $937K | $180K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01386 | −0.029% | $6.1M | $241K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01384 | −0.144% | $273K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01386 | 0.000% | $830K | $400K | 50x | as long as short |
| BingX USUAL-USDTshort | +0.0100% | 4h | 0.01385 | −0.036% | — | $1.2M | — |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01382 | −0.300% | $10K | $208 | — | as long as short |
Variational Omni USUAL