Funding you earn now, next payment 05:00 UTC−0.0564%/8h= −61.7% APRnext payment −$0.70 per $10,000 · paid last 24h −0.177%
Price spread now: Extended against Hyperliquid−0.189%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.189%, 7d avg −0.258%
=Together, before fees−0.368%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.069% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.189% now, against its 7-day average of −0.258%): +$7 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.321% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.321% in total (about -16.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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 | Hyperliquid CFX | 0.05351 | 0.0668 | pay 0.0083% / 1h | 34m 44s | $3.2M | $360K | 5x |
| Short | Extended CFX-USD | 0.05341 | 0.0104 | get 0.0013% / 1h | 34m 44s | $2K | $268K | 10x |
Hyperliquid CFX
Extended CFX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$118.34
- Price spread: −0.189% → −0.258%
- $6.92
- Slippage, 4 orders
- −$77.81
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$203.22
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 17 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, 7 min ago | 2.62 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 17 min ago | 2.80 bp | 26.7 bp −$27 | 221.3 bp −$2,213 | 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 | 0.05343 | −0.151% | $5K | $42K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05341 | −0.197% | $5.3M | $9.9M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05344 | −0.136% | $2.4M | $1.3M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05337 | −0.267% | $2.5M | $5.5M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05341 | −0.192% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05341 | −0.192% | $3.2M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05340 | −0.211% | $806K | $302K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05340 | −0.211% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05343 | −0.155% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05341 | −0.201% | $37K | $50K | — | 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 | 0.05336 | −0.291% | $506K | $1.6M | 10x | as long as short |
| Extended CFX-USDshort | +0.0104% | 1h | 0.05341 | −0.189% | $2K | $268K | 10x | |
| Coinbase International CFX-PERP-INTX | +0.0208% | 1h | 0.05349 | −0.043% | $41K | $121K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0578% | 1h | 0.05344 | −0.131% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFXlong | +0.0668% | 1h | 0.05351 | long leg | $3.2M | $360K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.2184% | 1h | 0.05355 | +0.069% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL