Funding you earn now, next payment 22:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.020%
Price spread now: ApeX Omni against Hyperliquid−0.148%65s7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1681.682% of the position
Funding, last 7 days+0.234%+$23 on $10k
+Price spread, last 3 days (all we have)+0.696%+$70 · spread now −0.148%, 7d avg +0.041%
=Together, before fees+0.930%+ Points / potential airdropHyperliquid: Season 2 · farm board+$93 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.188% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.148% now, against its 7-day average of +0.041%). If the spread goes back, that is −$19 on $10k: about 6.2 days of funding at the current rate (+$3 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03926 | −0.0001 | get 0.0000% / 1h | 56m 27s | $985K | $878K | 5x |
| Short | ApeX Omni SUSDT | 0.03920 | 0.0100 | get 0.0013% / 1h | 56m 27s | $23K | $469K | 50x |
Hyperliquid S
ApeX Omni SUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- $21.25
- Price spread: −0.148% → +0.041%
- −$18.84
- Slippage, 4 orders
- −$149.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$165.83
- Costs to cover
- 1.682%
- Break-even
- 61.6 days
Slippage from Hyperliquid: live order book, 54 min ago; ApeX Omni: live order book, 26 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, 54 min ago | 1.40 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 26 min ago | 25.51 bp | 77.1 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1594% | 1h | 0.03920 | −0.137% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −2.542% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0787% | 4h | 0.03914 | −0.304% | $609K | $34K | — | as long as short |
| Deribit S_USDC-PERPETUAL | −0.0514% | 1h | 0.03925 | −0.020% | $66K | $10K | 10x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0193% / S +0.0186% | 1h | 0.03932 | +0.153% | $1K | — | 100x | as long as short |
| 01 Exchange SUSD | −0.0136% | 1h | 0.03920 | −0.148% | $24K | $3K | 5x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03922 | −0.084% | $4 | — | 15x | as long as short |
| Hyperliquid Slong | −0.0001% | 1h | 0.03926 | long leg | $985K | $878K | 5x | |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03930 | +0.117% | $606 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0020% | 4h | 0.03926 | +0.005% | $100K | $350K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
Deribit S_USDC-PERPETUAL
GMX S/USD [WBTC.b-USDC]
01 Exchange SUSD
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDCShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.437% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0041% | 4h | 0.03928 | +0.046% | $43K | $212K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03929 | +0.082% | $165K | $222K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03926 | −0.005% | $5.4M | $22.3M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03920 | −0.148% | $5.6M | $6.2M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03921 | −0.122% | $978K | $7.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03918 | −0.199% | $320K | $265K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03925 | −0.020% | $3.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03923 | −0.071% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03925 | −0.020% | $1.2M | $2.8M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03923 | −0.071% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDTshort | +0.0100% | 1h | 0.03920 | −0.148% | $23K | $469K | 50x | |
| Extended S-USD | +0.0104% | 1h | 0.03922 | −0.093% | $219K | $883K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03918 | −0.199% | $269K | $132K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0699% | 1h | 0.03930 | +0.107% | $114K | $298K | 5x | as long as short |
Injective S/USDC PERP
Aster SUSDT
Lighter S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP