Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Phemex against Hyperliquid+0.038%7-day average −0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$860.858% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 3 days (all we have)−0.234%−$23 · spread now +0.038%, 7d avg −0.159%
=Together, before fees−0.378%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.198% dearer against Hyperliquid than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.159%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9876 | 0.0100 | pay 0.0013% / 1h | 42m 52s | $8.5M | $9.5M | 5x |
| Short | Phemex FILUSDT | 0.9880 | 0.0100 | get 0.0100% / 8h | 7h 42m | $1.1M | $2.3M | 50x |
Hyperliquid FIL
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.038% → −0.159%
- $19.75
- Slippage, 4 orders
- −$64.78
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$66.03
- Costs to cover
- 0.858%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Phemex: 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, 10 min ago | 0.36 bp | 8.9 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 5.07 bp | 35.6 bp −$36 | 102.1 bp −$1,021 | 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 | −0.0331% | 1h | 0.9896 | +0.198% | $1.4M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0328% | 1h | 0.9890 | +0.140% | $317K | $1.8M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0154% | 1h | 0.9900 | +0.241% | $170K | $23K | 25x | as long as short |
| KuCoin FILUSDTM | −0.0035% | 8h | 0.9875 | −0.012% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0032% | 8h | 0.9874 | −0.022% | $18.0M | $98.9M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9894 | +0.181% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9886 | +0.098% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 0.9872 | −0.046% | $689K | $3.0M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.215% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0033% | 8h | 0.9873 | −0.032% | $57.1M | $179.2M | 75x | as long as short |
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FILUSDT | +0.0057% | 8h | 0.9872 | −0.043% | $10.9M | $21.6M | 75x | as long as short |
| MEXC FIL_USDC | +0.0058% | 8h | 0.9875 | −0.012% | $248K | $104K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9887 | +0.106% | $159K | $345K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9876 | long leg | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9880 | +0.038% | $494K | $545K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9877 | +0.008% | $15.4M | $18.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9876 | −0.002% | $8.2M | $16.1M | 50x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9877 | +0.008% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9868 | −0.083% | $440K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9869 | −0.071% | $45K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9873 | −0.029% | $292K | $812K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9870 | −0.063% | $30K | $196K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9901 | +0.256% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | +0.038% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9889 | +0.130% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9877 | +0.008% | $632K | $5.7M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9880 | +0.038% | $1.1M | $2.3M | 50x | |
| BloFin FIL-USDT | +0.0134% | 8h | 0.9888 | +0.119% | $2.7M | $572K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0540% / S −0.0538% | 1h | 0.9895 | +0.186% | $197K | — | 100x | as long as short |
Bitget FILUSDT
MEXC FIL_USDC
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]