Funding you earn now, next payment 23:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.071%
Price spread now: Hyperliquid against Extended+0.143%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$550.547% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.143%, 7d avg +0.099%
=Together, before fees+0.188%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.044% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended FET-USD | 0.2022 | 0.0104 | pay 0.0013% / 1h | 41m 04s | $34K | $190K | 10x |
| Short | Hyperliquid FET | 0.2024 | 0.0157 | get 0.0020% / 1h | 41m 04s | $9.0M | $7.9M | 5x |
Extended FET-USD
Hyperliquid FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $11.14
- Price spread: +0.143% → +0.099%
- $4.4
- Slippage, 4 orders
- −$40.72
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.18
- Costs to cover
- 0.547%
- Break-even
- 31.6 days
Slippage from Extended: live order book, 39 min ago; Hyperliquid: live order book, 11 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 Extended live order book, 39 min ago | 9.17 bp | 18.0 bp −$18 | 140.9 bp −$1,409 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.75 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.4181% | 1h | 0.2022 | +0.019% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2022 | +0.019% | $158K | $191K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2023 | +0.075% | $32K | — | 150x | as long as short |
| Gate FET_USDT | +0.0053% | 8h | 0.2022 | +0.019% | $2.7M | $11.9M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2025 | +0.190% | $343K | $534K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2023 | +0.047% | $31.6M | $107.3M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2022 | +0.019% | $34.8M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2022 | +0.019% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2011 | −0.510% | $273K | $316K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2020 | −0.080% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Gate FET_USDT
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USDlong | +0.0104% | 1h | 0.2022 | long leg | $34K | $190K | 10x | |
| Hyperliquid FETshort | +0.0157% | 1h | 0.2024 | +0.143% | $9.0M | $7.9M | 5x | |
| OKX FET-USDT-SWAP | +0.0173% | 4h | 0.2026 | +0.217% | $859K | $7.6M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2020 | −0.060% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2022 | +0.019% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0290% | 8h | 0.2024 | +0.118% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0312% | 8h | 0.2024 | +0.118% | $16.5M | $11.4M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0358% | 1h | 0.2025 | +0.150% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | −0.575% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2025 | +0.167% | $27K | $36K | 5x | as long as short |
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET