Funding you earn now, next payment 23:00 UTC+0.1156%/8h= +126.6% APRnext payment +$1.45 per $10,000 · paid last 24h +0.314%
Price spread now: Hyperliquid against Extended+0.168%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.451%+$45 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Hyperliquid is 0.168% dearer against Extended than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.451% in total (about 23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 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 | Extended NIL-USD | 0.06909 | 0.0104 | pay 0.0013% / 1h | 2m 44s | $17K | $94K | 5x |
| Short | Hyperliquid NIL | 0.06920 | 0.1260 | get 0.0158% / 1h | 2m 44s | $4.1M | $4.6M | 3x |
Extended NIL-USD
Hyperliquid NILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $242.81
- Price spread: +0.168% → 0.000%
- $16.77
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $245.58
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 1.90 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0093% | 4h | 0.06898 | −0.155% | $349K | $150K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06908 | −0.010% | $21K | $364K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06898 | −0.160% | $5.4M | $81.2M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06906 | −0.039% | $3.8M | $14.3M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06902 | −0.097% | $447K | $2.1M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06896 | −0.184% | $2.4M | $5.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06901 | −0.112% | $516K | $715K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06904 | −0.068% | $1.8M | $9.0M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06903 | −0.083% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06888 | −0.299% | $177K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USDlong | +0.0104% | 1h | 0.06909 | long leg | $17K | $94K | 5x | |
| Hyperliquid NILshort | +0.1260% | 1h | 0.06920 | +0.168% | $4.1M | $4.6M | 3x |