Settings8H · net · $10k
Funding arb · Price arb /

YGG

all YGG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Hyperliquid against BingX+0.154%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.154%, 7d avg −0.040%
Together, before fees−0.387%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 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 0.194% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX YGG-USDT0.026000.0100pay 0.0050% / 4h45m 28s$2.4M
ShortHyperliquid YGG0.026040.0100get 0.0013% / 1h45m 28s$189K$124K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.154% → −0.040%
$19.39
Slippage, 4 orders
−$115.79
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$115.4
Costs to cover
1.348%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Hyperliquid: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago11.54 bp38.8 bp −$39108.9 bp −$1,0891103.6 bp −$110.4Kdoesn't fit
Sell Hyperliquid live order book, 44 min ago2.47 bp24.6 bp −$25doesn't fitdoesn't fitdoesn't fit

YGG on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_YGGUSD−0.1974%1h0.02596−0.159%$12K$3K10xas long as short
Hyperliquid YGGshort+0.0100%1h0.02604+0.154%$189K$124K3x
Aster YGGUSDT+0.0100%4h0.02602+0.067%$705$2K5xas long as short
Binance YGGUSDT+0.0100%4h0.02603+0.110%$2.0M$2.1M50xas long as short
Bybit YGGUSDT+0.0100%4h0.02603+0.115%$602K$467K25xas long as short
OKX YGG-USDT-SWAP+0.0100%4h0.02604+0.154%$978K$1.0M10xas long as short
Gate YGG_USDT+0.0100%4h0.02604+0.154%$287K$681K20xas long as short
MEXC YGG_USDT+0.0100%4h0.02602+0.077%$1.0M$350K50xas long as short
KuCoin YGGUSDTM+0.0100%4h0.02604+0.154%$195K$56K30xas long as short
Bitget YGGUSDT+0.0100%4h0.02603+0.115%$549K$189K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX YGG-USDTlong+0.0100%4h0.02600long leg$2.4M
Variational Omni YGG+0.0100%4h0.02605+0.174%$2K$1as long as short