Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid+0.083%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.083% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid NOT0.00050500.0100pay 0.0013% / 1h13m 55s$369K$50K3x
ShortExtended kNOT-USD0.00050540.0104get 0.0013% / 1h13m 55s$4K$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0.84
Price spread: +0.083% → 0.000%
$8.35
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$4.81
Costs to cover
0.140%
Break-even
47.1 days
Slippage unknown: Hyperliquid: live order book, 70 min ago; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 70 min ago9.89 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.485%$1K$13K5.5xas long as short
Variational Omni NOT+0.0065%4h0.0005044−0.113%$66K$34Kas long as short
BloFin NOT-USDT+0.0094%4h0.0005052+0.040%$111K$17K50xas long as short
Lighter 1000NOT+0.0096%1h0.0005063+0.253%$11K$5K3xas long as short
Hyperliquid NOTlong+0.0100%1h0.0005050long leg$369K$50K3x
Aster NOTUSDT+0.0100%4h0.0005049−0.028%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005054+0.079%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005052+0.040%$2.1M$800K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005052+0.040%$612K$579K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005051+0.020%$140K$77K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005052+0.040%$1.3M$492K200xas long as short
KuCoin NOTUSDTM+0.0100%4h0.0005046−0.079%$493K$119K50xas long as short
Bitget NOTUSDT+0.0100%4h0.0005055+0.099%$664K$382K50xas long as short
BingX NOT-USDT+0.0100%4h0.0005052+0.040%$7.5Mas long as short
Extended kNOT-USDshort+0.0104%1h0.0005054+0.083%$4K$1K5x
Kraken Futures PF_NOTUSD+0.7060%1h0.0005089+0.768%$49K$9K10xas long as short