Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Hyperliquid−0.193%7-day average −0.217% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.133%−$13 · spread now −0.193%, 7d avg −0.217%
=Together, before fees−0.211%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.023% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.193% now, against its 7-day average of −0.217%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.7167 | 0.0100 | pay 0.0013% / 1h | 41m 14s | $18.1M | $8.9M | 5x |
| Short | Extended ETHFI-USD | 0.7153 | 0.0064 | get 0.0008% / 1h | 41m 14s | $93K | $493K | 10x |
Hyperliquid ETHFI
Extended ETHFI-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
- −$7.56
- Price spread: −0.193% → −0.217%
- $2.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$19.23
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Extended: live order book, 42 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 Hyperliquid live order book, 12 min ago | 0.63 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 42 min ago | 1.89 bp | 17.7 bp −$18 | 181.6 bp −$1,816 | doesn't fit | doesn't fit |
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 | −0.0448% | 1h | 0.7159 | −0.107% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0270% | 4h | 0.7148 | −0.261% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7169 | +0.028% | $281K | $146K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0179% | 4h | 0.7153 | −0.191% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.023% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0043% | 8h | 0.7159 | −0.110% | $6K | — | 5x | as long as short |
| Extended ETHFI-USDshort | +0.0064% | 1h | 0.7153 | −0.193% | $93K | $493K | 10x | |
| Binance ETHFIUSDT | +0.0064% | 4h | 0.7155 | −0.163% | $24.9M | $37.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0066% | 4h | 0.7155 | −0.163% | $15.1M | $3.8M | 125x | as long as short |
| Bitget ETHFIUSDT | +0.0076% | 4h | 0.7158 | −0.121% | $6.1M | $5.7M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Binance ETHFIUSDT
MEXC ETHFI_USDT
Bitget ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7160 | −0.092% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7151 | −0.220% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7167 | long leg | $18.1M | $8.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.093% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7161 | −0.080% | $18.2M | $12.9M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7160 | −0.093% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7163 | −0.052% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7161 | −0.080% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7160 | −0.093% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7132 | −0.487% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7158 | −0.117% | $59K | $86K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7163 | −0.052% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0258% | 4h | 0.7154 | −0.177% | $1.2M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7164 | −0.038% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX