Funding you earn now, next payment 05:00 UTC−0.0551%/8h= −60.3% APRnext payment −$0.69 per $10,000 · paid last 24h −0.084%
Price spread now: Extended against Hyperliquid−0.150%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.150%, 7d avg −0.101%
=Together, before fees−0.198%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.69 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 FET | 0.1980 | 0.0655 | pay 0.0082% / 1h | 9m 13s | $8.5M | $8.4M | 5x |
| Short | Extended FET-USD | 0.1977 | 0.0104 | get 0.0013% / 1h | 9m 13s | $33K | $189K | 10x |
Hyperliquid FET
Extended FET-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
- −$115.69
- Price spread: −0.150% → −0.101%
- −$4.87
- Slippage, 4 orders
- −$34.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$169.26
- Costs to cover
- 0.487%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Extended: live order book, 43 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, 3 min ago | 0.25 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 43 min ago | 9.15 bp | 14.0 bp −$14 | 39.2 bp −$392 | 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 | −0.4279% | 1h | 0.1978 | −0.096% | $38K | $298K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.1983 | +0.157% | $147K | $255K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0370% | 1h | 0.1978 | −0.098% | $969K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.1976 | −0.173% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +1.520% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.1978 | −0.089% | $189K | $808K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.1978 | −0.111% | $30.1M | $114.1M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.1975 | −0.247% | $2.6M | $12.6M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.1978 | −0.096% | $29.7M | $25.0M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.1977 | −0.146% | $10.3M | $18.6M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.1987 | +0.365% | $272K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.1976 | −0.197% | $37K | $7K | 10x | as long as short |
| Extended FET-USDshort | +0.0104% | 1h | 0.1977 | −0.150% | $33K | $189K | 10x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.1976 | −0.206% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.1981 | +0.056% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0232% | 8h | 0.1978 | −0.096% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0234% | 8h | 0.1979 | −0.045% | $16.1M | $11.9M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0375% | 4h | 0.1980 | +0.005% | $990K | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0435% | 1h | 0.1984 | +0.212% | $35K | $38K | 5x | as long as short |
| Hyperliquid FETlong | +0.0655% | 1h | 0.1980 | long leg | $8.5M | $8.4M | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET