Funding you earn now, next payment 02:00 UTC−0.0367%/8h= −40.2% APRpaid last 24h −0.057%
Price spread now: HTX against Hyperliquid−0.107%48s7-day average −0.272% · 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—prices read too far apart to compare
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 3 days (all we have)−0.170%−$17 · spread now −0.107%, 7d avg −0.272%
=Together, before fees−0.380%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.164% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.272%): +$16 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.209% in total) that is about 5.5 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.209% in total (about -10.9% a year). A funding rate is set anew for every payment. 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 ETHFI | 0.7174 | 0.0100 | pay 0.0013% / 1h | 31m 22s | $18.1M | $8.4M | 5x |
| Short | HTX ETHFI-USDT | 0.7166 | −0.0267 | pay 0.0134% / 4h | 2h 31m | $88K | $169K | 20x |
Hyperliquid ETHFI
HTX ETHFI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$77.14
- Price spread: −0.107% → −0.272%
- $16.43
- Slippage, 4 orders
- −$82.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$163.78
- Costs to cover
- 1.031%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; HTX: live order book, 35 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, 12 min ago | 0.07 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 35 min ago | 22.92 bp | 48.9 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDTshort | −0.0267% | 4h | 0.7166 | −0.107% | $88K | $169K | 20x | |
| Orderly PERP_ETHFI_USDC | −0.0208% | 4h | 0.7160 | −0.191% | $16K | $1K | 10x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0028% | 1h | 0.7180 | +0.088% | $41K | $13K | 10x | as long as short |
| Variational Omni ETHFI | −0.0002% | 4h | 0.7141 | −0.457% | $1.0M | $713K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +0.924% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0047% | 8h | 0.7166 | −0.105% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7172 | −0.020% | $1.1M | $887K | 5x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7174 | long leg | $18.1M | $8.4M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7172 | −0.025% | $183K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.186% | $24.9M | $36.2M | 75x | as long as short |
Orderly PERP_ETHFI_USDC
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Lighter ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7164 | −0.135% | $18.0M | $12.7M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7168 | −0.079% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7170 | −0.052% | $1.7M | $2.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7161 | −0.177% | $15.5M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7168 | −0.079% | $1.2M | $256K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7160 | −0.191% | $6.1M | $5.4M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7167 | −0.093% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7178 | +0.057% | $71K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7181 | +0.102% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7159 | −0.207% | $98K | $380K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7175 | +0.018% | $9K | — | 3x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0160% | 1h | 0.7185 | +0.158% | $31K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0226% | 1h | 0.7186 | +0.171% | $273K | $180K | 20x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD