Funding you earn now, next payment 05:00 UTC+0.0103%/8h= +11.2% APRpaid last 24h +0.048%
Price spread now: Hyperliquid against Paradex+0.136%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.136% dearer against Paradex than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ETHFI-USD-PERP | 0.7025 | −0.0003 | get 0.0003% / 8h | 3h 33m | $6K | — | 5x |
| Short | Hyperliquid ETHFI | 0.7035 | 0.0100 | get 0.0013% / 1h | 33m 23s | $17.5M | $7.9M | 5x |
Paradex ETHFI-USD-PERP
Hyperliquid ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Paradex. 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
- $21.53
- Price spread: +0.136% → 0.000%
- $13.62
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $22.15
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 9 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 0.28 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.1053% | 4h | 0.7013 | −0.171% | $85K | $171K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0318% | 1h | 0.7036 | +0.156% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7035 | +0.146% | $260K | $212K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0243% | 4h | 0.7031 | +0.085% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERPlong | −0.0003% | 8h | 0.7025 | long leg | $6K | — | 5x | |
| Variational Omni ETHFI | +0.0017% | 4h | 0.7023 | −0.032% | $980K | $703K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.060% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDT | +0.0039% | 4h | 0.7032 | +0.099% | $17.6M | $12.5M | 25x | as long as short |
| Binance ETHFIUSDT | +0.0062% | 4h | 0.7031 | +0.091% | $24.4M | $34.9M | 75x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7029 | +0.061% | $95K | $374K | 10x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Bybit ETHFIUSDT
Binance ETHFIUSDT
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | +0.0064% | 4h | 0.7030 | +0.071% | $15.9M | $4.1M | 125x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7042 | +0.240% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7035 | +0.135% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7035 | +0.136% | $17.5M | $7.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7030 | +0.076% | $180K | $228K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7040 | +0.213% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7036 | +0.156% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7027 | +0.028% | $1.2M | $227K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7032 | +0.099% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7033 | +0.113% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7043 | +0.254% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7032 | +0.099% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0250% | 4h | 0.7016 | −0.129% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.412% | $31K | $6K | 50x | as long as short |
MEXC ETHFI_USDT
Lighter ETHFI
Aevo ETHFI-PERP
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX