After costs, if the gap returns to its 7d average, $10k−$93
spread now+0.086%7d average+0.074%fees + slippage, in and out−$95spread needed0.946%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX W-USDT | 0.01168 | 0.0100 | pay 0.0050% / 4h | 2h 42m | — | $7.0M | — |
| Short | Hyperliquid W | 0.01169 | 0.0100 | get 0.0013% / 1h | 42m 06s | $2.0M | $636K | 5x |
BingX W-USDT
Hyperliquid WPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.56
- Funding while held
- $0
- Slippage, 4 orders
- −$75.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$86.06
- Spread needed to break even
- 0.946%
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 BingX live order book, 2 min ago | 4.26 bp | 26.1 bp −$26 | 58.1 bp −$581 | 680.4 bp −$68.0K | 1142.2 bp −$571.1K |
| Sell Hyperliquid live order book, 10 min ago | 4.30 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
W price on every exchange
against the cheapest. Click to use as the short leg.Gate0.01168cheapestBybit0.01168+0.009%
Gate
BybitBingX0.01168+0.009%
OKX0.01169+0.068%Binance0.01169+0.074%Variational Omni0.01169+0.081%
OKX
Binance
Variational OmniHyperliquid0.01169+0.094%
Extended0.01169+0.113%MEXC0.01169+0.128%Backpack0.01170+0.154%Deribit0.01170+0.163%Bitget0.01170+0.180%KuCoin0.01171+0.265%Kraken Futures0.01172+0.324%Coinbase International0.01174+0.488%Injective0.01209+3.519%
Extended
MEXC
Backpack
Deribit
Bitget
KuCoin
Kraken Futures
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate W_USDT | −0.009% | +0.0100% | 4h | $439K | $331K | 75x | as long as short |
| Bybit WUSDT | 0.000% | +0.0100% | 4h | $4.1M | $2.4M | 50x | as long as short |
| BingX W-USDTlong | 0.000% | +0.0100% | 4h | — | $7.0M | — | |
| OKX W-USDT-SWAP | +0.060% | +0.0100% | 4h | $1.3M | $2.4M | 20x | as long as short |
| Binance WUSDT | +0.065% | +0.0100% | 4h | $2.9M | $8.6M | 50x | as long as short |
| Variational Omni W | +0.072% | +0.0100% | 4h | $82K | $30K | — | as long as short |
| Hyperliquid Wshort | +0.086% | +0.0100% | 1h | $2.0M | $636K | 5x | |
| Extended W-USD | +0.105% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| MEXC W_USDT | +0.120% | +0.0100% | 4h | $11.6M | $1.4M | 50x | as long as short |
| Backpack W_USDC_PERP | +0.146% | +0.0100% | 1h | $37K | $48K | 15x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | +0.154% | −0.0263% | 1h | $18K | $351 | 10x | as long as short |
| Bitget WUSDT | +0.171% | +0.0100% | 4h | $1.2M | $619K | 50x | as long as short |
| KuCoin WUSDTM | +0.257% | +0.0100% | 4h | $412K | $255K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.315% | +0.1502% | 1h | $146K | $193K | 20x | as long as short |
| Coinbase International W-PERP-INTX | +0.479% | +0.0088% | 1h | $14K | $22K | 50x | as long as short |
| Injective W/USDC PERP | +3.510% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |