Funding you earn now, next payment 00:00 UTC+0.0428%/8h= +46.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.147%
Price spread now: Hyperliquid against Coinbase International+0.069%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days+0.472%+$47 on $10k
+Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.069%, 7d avg +0.057%
=Together, before fees+0.496%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International FIL-PERP-INTX | 0.9853 | −0.0328 | get 0.0041% / 1h | 46m 55s | $316K | $1.8M | 50x |
| Short | Hyperliquid FIL | 0.9860 | 0.0100 | get 0.0013% / 1h | 46m 55s | $8.5M | $9.5M | 5x |
Coinbase International FIL-PERP-INTX
Hyperliquid FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $89.88
- Price spread: +0.069% → +0.057%
- $1.21
- Slippage, 4 orders
- −$28.29
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $43.8
- Costs to cover
- 0.473%
- Break-even
- 3.6 days
Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 5 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 Coinbase International live order book, 2 min ago | 8.12 bp | 14.0 bp −$14 | 18.1 bp −$181 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.36 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0662% | 1h | 0.9858 | +0.051% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0333% | 1h | 0.9857 | +0.040% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXlong | −0.0328% | 1h | 0.9853 | long leg | $316K | $1.8M | 50x | |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9861 | +0.081% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0031% | 8h | 0.9863 | +0.101% | $18.0M | $98.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9856 | +0.027% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9856 | +0.026% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9864 | +0.115% | $57.1M | $179.0M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9860 | +0.070% | $689K | $2.8M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | +0.020% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Extended FIL-USD
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0055% | 8h | 0.9854 | +0.010% | $247K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0055% | 8h | 0.9860 | +0.071% | $10.8M | $21.6M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9849 | −0.043% | $158K | $345K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9860 | +0.069% | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9860 | +0.073% | $493K | $546K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9865 | +0.122% | $15.4M | $18.4M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9866 | +0.132% | $8.2M | $16.0M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9863 | +0.101% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9836 | −0.173% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9853 | +0.005% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9863 | +0.098% | $288K | $816K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | +0.071% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9865 | +0.118% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.030% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9851 | −0.020% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9861 | +0.081% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9850 | −0.030% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0122% | 8h | 0.9853 | 0.000% | $2.7M | $569K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0538% / S −0.0538% | 1h | 0.9854 | +0.011% | $196K | — | 100x | as long as short |
MEXC FIL_USDC
Bitget FILUSDT
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]