Funding you earn now, next payment 03:00 UTC−0.0700%/8h= −76.6% APRnext payment −$0.88 per $10,000 · paid last 24h −0.064%
Price spread now: Hyperliquid against Coinbase International−0.692%49s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Hyperliquid is 0.692% cheaper against Coinbase International than usual: you would sell low and buy high (−$69 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETC-PERP-INTX | 8.8490 | 0.0800 | pay 0.0100% / 1h | 57m 20s | $35K | $20K | 50x |
| Short | Hyperliquid ETC | 8.7878 | 0.0100 | get 0.0013% / 1h | 57m 20s | $2.5M | $596K | 5x |
Coinbase International ETC-PERP-INTX
Hyperliquid ETCFunding 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
- −$147
- Price spread: −0.692% → 0.000%
- −$69.16
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$235.16
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 0.68 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETC on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0227% | 1h | 8.7719 | −0.872% | $1.9M | $687K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0001% | 1h | 8.7758 | −0.827% | $497 | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7700 | −0.893% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7842 | −0.732% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.294% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETCshort | +0.0100% | 1h | 8.7878 | −0.692% | $2.5M | $596K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.7657 | −0.942% | $981K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7809 | −0.770% | $26.3M | $68.3M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7800 | −0.780% | $12.8M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7840 | −0.735% | $8.5M | $17.1M | 50x | as long as short |
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7790 | −0.791% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7780 | −0.802% | $7.3M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7740 | −0.848% | $2.9M | $638K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7720 | −0.870% | $9.6M | $3.6M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7780 | −0.802% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7822 | −0.755% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7740 | −0.848% | $182 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7935 | −0.627% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7780 | −0.802% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7562 | −1.049% | $15K | $92K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7900 | −0.667% | $1.4M | $246K | 50x | as long as short |
| Coinbase International ETC-PERP-INTXlong | +0.0800% | 1h | 8.8490 | long leg | $35K | $20K | 50x |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT