Funding you earn now, next payment 21:00 UTC+0.0594%/8h= +65.0% APRnext payment +$0.74 per $10,000 · paid last 24h +0.046%
Price spread now: Hyperliquid against Coinbase International+0.062%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)+0.184%+$18 · spread now +0.062%, 7d avg −0.001%
=Together, before fees+0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.063% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.167%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.167% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.74 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AVAX-PERP-INTX | 11.292 | 0.0056 | pay 0.0007% / 1h | 16m 13s | $916K | $8.2M | 50x |
| Short | Hyperliquid AVAX | 11.299 | 0.0650 | get 0.0081% / 1h | 16m 13s | $44.1M | $58.7M | 10x |
Coinbase International AVAX-PERP-INTX
Hyperliquid AVAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $124.67
- Price spread: +0.062% → −0.001%
- $6.31
- Slippage, 4 orders
- −$20.26
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $91.72
- Costs to cover
- 0.393%
- Break-even
- 1.9 days
Slippage from Coinbase International: live order book, 3 min ago; Hyperliquid: live order book, 7 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 Coinbase International live order book, 3 min ago | 3.54 bp | 12.4 bp −$12 | 17.3 bp −$173 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.44 bp | 5.0 bp −$5 | 12.4 bp −$124 | doesn't fit | doesn't fit |
AVAX on 36 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 AVAX_USDC-PERPETUAL | −0.0193% | 1h | 11.278 | −0.124% | $5.3M | $9.4M | 25x | as long as short |
| Variational Omni AVAX | −0.0113% | 8h | 11.284 | −0.072% | $2.9M | $2.1M | — | as long as short |
| Nado AVAX-PERP | −0.0082% | 1h | 11.283 | −0.080% | $298K | $960K | 10x | as long as short |
| Injective AVAX/USDC PERP | −0.0043% | 1h | 11.240 | −0.461% | $17K | $152K | 12x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.291 | −0.005% | $99K | $115K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0004% | 1h | 11.281 | −0.101% | $16K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0054% | 8h | 11.279 | −0.115% | $12.6M | $40.3M | 75x | as long as short |
| Coinbase International AVAX-PERP-INTXlong | +0.0056% | 1h | 11.292 | long leg | $916K | $8.2M | 50x | |
| Extended AVAX-USD | +0.0072% | 1h | 11.277 | −0.132% | $672K | $2.2M | 25x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0076% | 8h | 11.278 | −0.124% | $20.1M | $148.6M | 50x | as long as short |
Deribit AVAX_USDC-PERPETUAL
Variational Omni AVAX
Nado AVAX-PERP
Injective AVAX/USDC PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Extended AVAX-USD
OKX AVAX-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AVAX_USDT | +0.0090% | 8h | 11.278 | −0.124% | $55.3M | $110.1M | 200x | as long as short |
| Binance AVAXUSDT | +0.0091% | 8h | 11.277 | −0.131% | $120.9M | $537.7M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0094% | 8h | 11.281 | −0.097% | $30.2M | $4.9M | 50x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.278 | −0.120% | $1.3M | $3.2M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.282 | −0.089% | $10K | $704K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0097% | 8h | 11.282 | −0.092% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.282 | −0.091% | $2.3M | $1.9M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 11.287 | −0.044% | $300K | $121K | 10x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.280 | −0.106% | $90.0M | $155.4M | 75x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.282 | −0.089% | $16.1M | $24.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.280 | −0.106% | $34.8M | $61.3M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.280 | −0.106% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.280 | −0.106% | $334K | $564K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.282 | −0.091% | $357K | $909K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.291 | −0.009% | $182K | $683K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.282 | −0.089% | $131K | $480K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.286 | −0.053% | $203K | $302K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.311 | +0.172% | $12K | $720K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.278 | −0.124% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.285 | −0.064% | $362K | $1.1M | 75x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.274 | −0.162% | $259K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0211% | 8h | 11.285 | −0.062% | $5.0M | $8.6M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.278 | −0.120% | $1K | — | 20x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0254% | 1h | 11.287 | −0.045% | $4.6M | $13.6M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0405% / S −0.0245% | 1h | 11.279 | −0.114% | $243K | — | 120x | as long as short |
| Hyperliquid AVAXshort | +0.0650% | 1h | 11.299 | +0.062% | $44.1M | $58.7M | 10x |
MEXC AVAX_USDT
Binance AVAXUSDT
Phemex AVAXUSDT
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
Bybit AVAXUSDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Aevo AVAX-PERP
BloFin AVAX-USDT
Reya AVAXRUSDPERP
Kraken Futures PF_AVAXUSD
GMX AVAX/USD [AVAX-USDC]