Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Hyperliquid+0.195%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$920.921% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days−0.270%−$27 · spread now +0.195%, 7d avg −0.071%
=Together, before fees−0.216%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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 0.266% dearer against Hyperliquid than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01180 | 0.0100 | pay 0.0013% / 1h | 51m 28s | $2.0M | $344K | 5x |
| Short | BingX W-USDT | 0.01182 | 0.0100 | get 0.0050% / 4h | 51m 28s | — | $6.8M | — |
Hyperliquid W
BingX W-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: +0.195% → −0.071%
- $26.56
- Slippage, 4 orders
- −$73.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$65.49
- Costs to cover
- 0.921%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; BingX: live order book, 1 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, 9 min ago | 4.23 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 3.81 bp | 25.8 bp −$26 | 67.0 bp −$670 | 445.0 bp −$44.5K | 1040.7 bp −$520.4K |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0173% | 1h | 0.01181 | +0.093% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.458% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01180 | long leg | $2.0M | $344K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01180 | −0.025% | $2.9M | $6.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.085% | $4.1M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01179 | −0.085% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | 0.000% | $446K | $229K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01180 | +0.025% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01182 | +0.169% | $382K | $214K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01182 | +0.169% | $1.3M | $584K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDTshort | +0.0100% | 4h | 0.01182 | +0.195% | — | $6.8M | — | |
| Variational Omni W | +0.0100% | 4h | 0.01184 | +0.348% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01183 | +0.278% | $128K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01179 | −0.043% | $59K | $235K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01185 | +0.424% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0848% | 1h | 0.01182 | +0.186% | $44K | $44K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1690% | 1h | 0.01183 | +0.253% | $147K | $183K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD