ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0412%/8h= −45.1% APRnext payment −$0.52 per $10,000 · paid last 24h −0.054%

Price spread now: Hyperliquid against Coinbase International−1.289%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

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 −$12 a day on $10k at the current rate, and Hyperliquid is 1.289% cheaper against Coinbase International than usual: you would sell low and buy high (−$129 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7253	0.0512	pay 0.0064% / 1h	22m 37s	$32K	$6K	50x
Short	Hyperliquid ETHFI	0.7159	0.0100	get 0.0013% / 1h	22m 37s	$17.9M	$8.1M	5x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now −1.289%Rate

Funding earned: −$86.52
Price spread: −1.289% → 0.000%: −$128.91
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: −$234.43
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago	0.07 bp	doesn't fit	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.

ETHFI on 24 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 ETHFI_USDC-PERPETUAL	−0.0589%	1h	0.7146	−1.475%	$41K	$12K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0200%	4h	0.7143	−1.517%	$16K	$1K	10x	as long as short
HTX ETHFI-USDT	−0.0074%	4h	0.7128	−1.723%	$88K	$168K	20x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	−0.179%	$321	$51K	5.5x	as long as short
Paradex ETHFI-USD-PERP	+0.0077%	8h	0.7160	−1.281%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7164	−1.230%	$1.1M	$888K	5x	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7095	−2.178%	$1.0M	$727K	—	as long as short
Hyperliquid ETHFIshort	+0.0100%	1h	0.7159	−1.289%	$17.9M	$8.1M	5x
Aster ETHFIUSDT	+0.0100%	4h	0.7159	−1.290%	$183K	$256K	10x	as long as short
Binance ETHFIUSDT	+0.0100%	4h	0.7157	−1.324%	$24.9M	$35.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7166	−1.200%	$17.9M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7168	−1.172%	$5.1M	$12.3M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7162	−1.255%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7158	−1.310%	$15.6M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7158	−1.310%	$1.2M	$253K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7160	−1.282%	$6.2M	$5.3M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7162	−1.255%	—	$1.2M	—	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7150	−1.420%	$1K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7155	−1.351%	$100K	$376K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7145	−1.489%	$9K	—	3x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0305%	1h	0.7149	−1.430%	$271K	$202K	20x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7144	−1.503%	$1.3M	$250K	75x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0512%	1h	0.7253	long leg	$32K	$6K	50x
Polymarket Perps ETHFI-USD	+0.0524%	1h	0.7161	−1.267%	$71K	$118K	5x	as long as short