Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.085%7-day average −0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1031.025% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days−0.135%−$14 · spread now +0.085%, 7d avg −0.066%
=Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 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: Bitget is 0.151% dearer against Hyperliquid than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01172 | 0.0100 | pay 0.0013% / 1h | 51m 58s | $2.0M | $465K | 5x |
| Short | Bitget WUSDT | 0.01173 | 0.0100 | get 0.0050% / 4h | 2h 51m | $1.3M | $555K | 50x |
Hyperliquid W
Bitget WUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.085% → −0.066%
- $15.14
- Slippage, 4 orders
- −$81.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$87.41
- Costs to cover
- 1.025%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 4 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 | 4.26 bp | 19.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.27 bp | 23.7 bp −$24 | 78.0 bp −$780 | doesn't fit | doesn't fit |
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 | −0.0688% | 1h | 0.01172 | +0.009% | $17K | $790 | 10x | as long as short |
| OKX W-USDT-SWAP | +0.0009% | 4h | 0.01170 | −0.145% | $1.3M | $2.2M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.157% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01172 | long leg | $2.0M | $465K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01171 | −0.043% | $2.9M | $7.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01169 | −0.230% | $4.1M | $2.1M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01170 | −0.171% | $443K | $300K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01171 | −0.077% | $12.8M | $1.7M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01170 | −0.171% | $420K | $231K | 50x | as long as short |
| Bitget WUSDTshort | +0.0100% | 4h | 0.01173 | +0.085% | $1.3M | $555K | 50x |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01171 | −0.111% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01173 | +0.085% | $44K | $47K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01168 | −0.367% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01173 | +0.116% | $133K | $412K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01171 | −0.053% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0296% | 1h | 0.01179 | +0.563% | $14K | $18K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0620% | 1h | 0.01174 | +0.136% | $145K | $186K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD