Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against Phemex−0.010%7-day average +0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$910.913% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.327%+$33 · spread now −0.010%, 7d avg +0.157%
=Together, before fees+0.471%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 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: Hyperliquid is 0.167% cheaper against Phemex than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.157%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 1.0100 | 0.0100 | pay 0.0100% / 8h | 5h 17m | $1.1M | $2.5M | 50x |
| Short | Hyperliquid FIL | 1.0099 | 0.0100 | get 0.0013% / 1h | 17m 05s | $8.7M | $9.4M | 5x |
Phemex FILUSDT
Hyperliquid FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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: −0.010% → +0.157%
- −$16.68
- Slippage, 4 orders
- −$70.25
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$107.94
- Costs to cover
- 0.913%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 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 Phemex live order book, 1 min ago | 9.93 bp | 29.8 bp −$30 | 117.9 bp −$1,179 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.49 bp | 9.0 bp −$9 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0256% | 1h | 1.0100 | 0.000% | $380K | $2.2M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0126% | 1h | 1.0106 | +0.057% | $1.4M | $2.3M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0059% | 8h | 1.0098 | −0.020% | $19.2M | $102.0M | 50x | as long as short |
| KuCoin FILUSDTM | −0.0021% | 8h | 1.0098 | −0.020% | $7.5M | $7.2M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0003% / S +0.0006% | 1h | 1.0102 | +0.024% | $27K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0090 | −0.099% | $59K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0108 | +0.079% | $174K | $23K | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −2.426% | $2K | $240K | 12x | as long as short |
| Extended FIL-USD | +0.0072% | 1h | 1.0099 | −0.013% | $712K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0072% | 8h | 1.0101 | +0.014% | $58.8M | $178.5M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Injective FIL/USDC PERP
Extended FIL-USD
Binance FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0090% | 8h | 1.0090 | −0.099% | $245K | $104K | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0097 | −0.028% | $160K | $353K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 1.0099 | −0.010% | $8.7M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 1.0105 | +0.053% | $513K | $577K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0097 | −0.030% | $15.9M | $19.5M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 1.0100 | 0.000% | $8.6M | $16.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0098 | −0.020% | $11.0M | $19.9M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0101 | +0.010% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0078 | −0.216% | $454K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0080 | −0.199% | $46K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0082 | −0.182% | $293K | $896K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0090 | −0.099% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0114 | +0.143% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0090 | −0.099% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0096 | −0.040% | $484 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0096 | −0.040% | $637K | $5.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 1.0100 | long leg | $1.1M | $2.5M | 50x | |
| BloFin FIL-USDT | +0.0192% | 8h | 1.0103 | +0.030% | $2.8M | $651K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0577% / S −0.0237% | 1h | 1.0106 | +0.063% | $270K | — | 100x | as long as short |
MEXC FIL_USDC
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Gate FIL_USDT
Bitget FILUSDT
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]