Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Binance+0.142%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days−0.123%−$12 · spread now +0.142%, 7d avg +0.025%
=Together, before fees−0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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 0.117% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WUSDT | 0.01186 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $3.0M | $4.6M | 50x |
| Short | Hyperliquid W | 0.01188 | 0.0100 | get 0.0013% / 1h | 58m 12s | $2.0M | $258K | 5x |
Binance WUSDT
Hyperliquid WFunding 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: +0.142% → +0.025%
- $11.73
- Slippage, 4 orders
- −$78.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$85.46
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Hyperliquid: live order book, 6 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, 2 min ago | 2.10 bp | 22.3 bp −$22 | 116.2 bp −$1,162 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 4.21 bp | 31.1 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
W on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0761% | 1h | 0.01186 | −0.010% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.912% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01188 | +0.142% | $2.0M | $258K | 5x | |
| Binance WUSDTlong | +0.0100% | 4h | 0.01186 | long leg | $3.0M | $4.6M | 50x | |
| Bybit WUSDT | +0.0100% | 4h | 0.01185 | −0.128% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01186 | −0.060% | $1.3M | $1.3M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | −0.052% | $433K | $167K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01186 | −0.001% | $12.3M | $1.2M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01186 | −0.026% | $388K | $180K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01188 | +0.142% | $1.3M | $533K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01186 | −0.043% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.071% | $69K | $21K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | +0.140% | $128K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01186 | −0.012% | $60K | $392K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0640% | 1h | 0.01190 | +0.336% | $13K | $12K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0876% | 1h | 0.01189 | +0.223% | $148K | $47K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.0988% | 1h | 0.01188 | +0.125% | $45K | $46K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP