Funding you earn now, next payment 03:00 UTC+0.1476%/8h= +161.6% APRnext payment +$1.85 per $10,000 · paid last 24h +0.578%
Price spread now: Hyperliquid against Coinbase International+1.360%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and Hyperliquid is 1.360% dearer against Coinbase International than usual: you sell high and buy low: +$136 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International S-PERP-INTX | 0.03986 | −0.1376 | get 0.0172% / 1h | 32m 07s | $48K | $16K | 25x |
| Short | Hyperliquid S | 0.04040 | 0.0100 | get 0.0013% / 1h | 32m 07s | $1.0M | $554K | 5x |
Coinbase International S-PERP-INTX
Hyperliquid SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- $309.96
- Price spread: +1.360% → 0.000%
- $135.98
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $426.94
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 8 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.99 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −0.7880% | 1h | 0.03960 | −0.652% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSD | −0.2528% | 1h | 0.04038 | +1.301% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTXlong | −0.1376% | 1h | 0.03986 | long leg | $48K | $16K | 25x | |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04038 | +1.300% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04036 | +1.250% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0016% | 4h | 0.04037 | +1.274% | $626K | $30K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04040 | +1.354% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +2.860% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0063% | 4h | 0.04040 | +1.355% | $100K | $298K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04042 | +1.405% | $169K | $156K | 5x | as long as short |
01 Exchange SUSD
Kraken Futures PF_SUSD
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Sshort | +0.0100% | 1h | 0.04040 | +1.360% | $1.0M | $554K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.04036 | +1.254% | $44K | $131K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04040 | +1.355% | $5.5M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04035 | +1.229% | $5.8M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04038 | +1.305% | $1.0M | $3.9M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04040 | +1.355% | $331K | $188K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04039 | +1.330% | $3.9M | $1.8M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04035 | +1.229% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04040 | +1.355% | $1.2M | $2.2M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04038 | +1.305% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04030 | +1.104% | $24K | $458K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04037 | +1.278% | $231K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04024 | +0.953% | $279K | $97K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0740% | 1h | 0.04044 | +1.455% | $68K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0879% | 1h | 0.04050 | +1.606% | $118K | $403K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP