Funding you earn now, next payment 03:00 UTC+0.0465%/8h= +51.0% APRnext payment +$0.58 per $10,000 · paid last 24h +0.090%
Price spread now: Hyperliquid against Coinbase International−0.717%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days+0.007%+$1 on $10k
+Price spread, last 4 days (all we have)+0.983%+$98 · spread now −0.717%, 7d avg +0.023%
=Together, before fees+0.990%+ Points / potential airdropHyperliquid: Season 2 · farm board+$99 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.740% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.717% now, against its 7-day average of +0.023%). If the spread goes back, that is −$74 on $10k: about 5.3 days of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.007% in total) that is about years.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 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 CFX-PERP-INTX | 0.05412 | 0.0192 | pay 0.0024% / 1h | 56m 57s | $43K | $125K | 50x |
| Short | Hyperliquid CFX | 0.05373 | 0.0657 | get 0.0082% / 1h | 56m 57s | $3.2M | $360K | 5x |
Coinbase International CFX-PERP-INTX
Hyperliquid CFXFunding 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
- $97.73
- Price spread: −0.717% → +0.023%
- −$73.98
- Slippage, 4 orders
- −$70.63
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$65.88
- Costs to cover
- 0.896%
- Break-even
- 11.7 days
Slippage from Coinbase International: live order book, 1 min ago; Hyperliquid: 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 Coinbase International live order book, 1 min ago | 8.42 bp | 33.4 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.21 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05360 | −0.956% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05363 | −0.900% | $5.4M | $10.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05364 | −0.887% | $2.4M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05363 | −0.905% | $2.5M | $5.7M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05351 | −1.127% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05361 | −0.942% | $3.0M | $1.6M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05352 | −1.109% | $879K | $281K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05361 | −0.942% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05360 | −0.961% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05366 | −0.843% | $42K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05364 | −0.887% | $508K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05355 | −1.052% | $859 | $262K | 10x | as long as short |
| Coinbase International CFX-PERP-INTXlong | +0.0192% | 1h | 0.05412 | long leg | $43K | $125K | 50x | |
| Kraken Futures PF_CFXUSD | +0.0503% | 1h | 0.05355 | −1.051% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFXshort | +0.0657% | 1h | 0.05373 | −0.717% | $3.2M | $360K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.3111% | 1h | 0.05374 | −0.702% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL