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: Coinbase International against Hyperliquid−0.005%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.472%−$47 on $10k
+Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.005%, 7d avg −0.057%
=Together, before fees−0.559%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.052% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.057%): +$5 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9929 | 0.0100 | pay 0.0013% / 1h | 20m 46s | $8.5M | $9.5M | 5x |
| Short | Coinbase International FIL-PERP-INTX | 0.9928 | −0.0328 | pay 0.0041% / 1h | 20m 46s | $319K | $1.8M | 50x |
Hyperliquid FIL
Coinbase International FIL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$89.88
- Price spread: −0.005% → −0.057%
- $5.18
- Slippage, 4 orders
- −$26.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$130.68
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Coinbase International: live order book, 3 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, 2 min ago | 0.86 bp | 10.0 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 5.05 bp | 12.9 bp −$13 | 18.5 bp −$185 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_FILUSD | −0.0330% | 1h | 0.9928 | −0.009% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTXshort | −0.0328% | 1h | 0.9928 | −0.005% | $319K | $1.8M | 50x | |
| Deribit FIL_USDC-PERPETUAL | −0.0153% | 1h | 0.9931 | +0.025% | $171K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0042% | 8h | 0.9930 | +0.015% | $18.1M | $98.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0038% | 8h | 0.9928 | −0.005% | $7.5M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9926 | −0.026% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9923 | −0.055% | $58K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0030% | 8h | 0.9930 | +0.015% | $57.2M | $177.6M | 75x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9927 | −0.018% | $695K | $3.5M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.740% | $2K | $240K | 12x | as long as short |
Kraken Futures PF_FILUSD
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
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 | +0.0065% | 8h | 0.9921 | −0.076% | $245K | $105K | 50x | as long as short |
| Bitget FILUSDT | +0.0070% | 8h | 0.9924 | −0.045% | $10.9M | $21.3M | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9920 | −0.089% | $158K | $347K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9929 | long leg | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9932 | +0.036% | $506K | $554K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9928 | −0.005% | $15.4M | $18.2M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9933 | +0.045% | $8.2M | $16.2M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9931 | +0.025% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9922 | −0.067% | $446K | $279K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9905 | −0.242% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9894 | −0.352% | $292K | $823K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9900 | −0.287% | $30K | $195K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9932 | +0.031% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9910 | −0.186% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9920 | −0.086% | $491 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9926 | −0.025% | $634K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9920 | −0.086% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0122% | 8h | 0.9922 | −0.065% | $2.7M | $587K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0542% / S −0.0538% | 1h | 0.9928 | −0.007% | $197K | — | 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]