FARTCOIN

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0896%/8h= −98.1% APRnext payment −$1.12 per $10,000 · paid last 24h −0.148%

Price spread now: Backpack against Hyperliquid−0.140%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Hyperliquid Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.445%+$44 on $10k

Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.140%, 7d avg −0.095%

Together, before fees+0.756%+ Points / potential airdropHyperliquid: Season 2 · farm board+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Backpack is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.445%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.445% in total (about 23.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 per $10,000. 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 FARTCOIN	0.1925	0.0998	pay 0.0125% / 1h	17m 21s	$42.5M	$26.5M	10x
Short	Backpack FARTCOIN_USDC_PERP	0.1922	0.0102	get 0.0013% / 1h	17m 21s	$84K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Hyperliquid. 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 HyperliquidbpFee BackpackbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$188.12
Price spread: −0.140% → −0.095%: −$4.51
Slippage, 4 orders: −$15.9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$227.54
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Backpack: live order book, 6 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, 6 min ago	1.30 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 6 min ago	0.26 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0002%	1h	0.1922	−0.153%	$33K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+3.081%	$1K	$4K	5.5x	as long as short
Aster FARTCOINUSDT	+0.0100%	4h	0.1924	−0.027%	$77K	$189K	5x	as long as short
Pacifica FARTCOIN	+0.0100%	1h	0.1924	−0.038%	$182K	$406K	10x	as long as short
Bybit FARTCOINUSDT	+0.0100%	4h	0.1923	−0.068%	$29.7M	$49.4M	50x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.1930	+0.266%	$76K	$25K	10x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.1923	−0.088%	$31.9M	$14.0M	100x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1924	−0.057%	$105K	$832K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1927	+0.109%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1924	−0.036%	$154K	$7K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX FARTCOIN-USDT	+0.0100%	4h	0.1927	+0.125%	$67K	$174K	20x	as long as short
Backpack FARTCOIN_USDC_PERPshort	+0.0102%	1h	0.1922	−0.140%	$84K	$247K	10x
Bitget FARTCOINUSDT	+0.0112%	4h	0.1924	−0.036%	$13.4M	$15.1M	50x	as long as short
Aevo FARTCOIN-PERP	+0.0112%	1h	0.1924	−0.038%	$31K	—	3x	as long as short
Binance FARTCOINUSDT	+0.0113%	4h	0.1924	−0.036%	$18.5M	$72.5M	75x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0119%	4h	0.1924	−0.036%	$4.5M	$13.4M	20x	as long as short
BingX FARTCOIN-USDC	+0.0136%	4h	0.1924	−0.036%	—	$6.5M	—	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0136%	4h	0.1926	+0.047%	$242K	$4.4M	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0162%	4h	0.1925	+0.016%	$10.2M	$15.9M	50x	as long as short
Lighter FARTCOIN	+0.0184%	1h	0.1924	−0.031%	$579K	$906K	10x	as long as short
Gate FARTCOIN_USDT	+0.0246%	4h	0.1923	−0.088%	$10.8M	$7.9M	75x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0270%	1h	0.1923	−0.094%	$122K	$95K	25x	as long as short
Variational Omni FARTCOIN	+0.0280%	4h	0.1929	+0.226%	$832K	$2.5M	—	as long as short
Extended FARTCOIN-USD	+0.0304%	1h	0.1925	+0.017%	$197K	$2.1M	25x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0329% / S −0.0456%	1h	0.1922	−0.155%	$43K	—	100x	as long as short
BloFin FARTCOIN-USDT	+0.0363%	4h	0.1929	+0.223%	$957K	$1.8M	75x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1924	−0.037%	$0	—	5x	as long as short
Phoenix FARTCOIN	+0.0419%	1h	0.1927	+0.104%	$113K	$174K	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0448%	1h	0.1928	+0.171%	$24K	$223K	50x	as long as short
Arcus FARTCOIN-USD	+0.0480%	1h	0.1926	+0.068%	$14K	$111K	10x	as long as short
Nado FARTCOIN-PERP	+0.0503%	1h	0.1925	−0.010%	$774K	$686K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0573%	4h	0.1925	+0.016%	$24K	$3K	20x	as long as short
01 Exchange FARTCOINUSD	+0.0840%	1h	0.1927	+0.135%	$391	$381	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0899%	1h	0.1924	−0.029%	$746K	$1.7M	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.0944%	1h	0.1935	+0.509%	$949K	$7.7M	50x	as long as short
Hyperliquid FARTCOINlong	+0.0998%	1h	0.1925	long leg	$42.5M	$26.5M	10x