S

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1444%/8h= −158.1% APRnext payment −$1.80 per $10,000 · paid last 24h −0.568%

Price spread now: Coinbase International against Hyperliquid−0.509%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Coinbase International is 0.509% cheaper against Hyperliquid than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.03947	0.0100	pay 0.0013% / 1h	35m 48s	$989K	$591K	5x
Short	Coinbase International S-PERP-INTX	0.03927	−0.1344	pay 0.0168% / 1h	35m 48s	$48K	$16K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −0.509%Rate

Funding earned: −$303.24
Price spread: −0.509% → 0.000%: −$50.92
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$373.16
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 14 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 14 min ago	2.13 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SUSD	−0.2260%	1h	0.03942	−0.121%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTXshort	−0.1344%	1h	0.03927	−0.509%	$48K	$16K	25x
01 Exchange SUSD	−0.0808%	1h	0.03940	−0.180%	$24K	$2K	5x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03945	−0.058%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03948	+0.026%	$4	—	15x	as long as short
Variational Omni S	−0.0027%	4h	0.03942	−0.134%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03945	−0.048%	$608	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.874%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0081%	4h	0.03945	−0.053%	$98K	$276K	10x	as long as short
Lighter S	+0.0096%	1h	0.03950	+0.073%	$166K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Slong	+0.0100%	1h	0.03947	long leg	$989K	$591K	5x
Aster SUSDT	+0.0100%	4h	0.03947	0.000%	$48K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03946	−0.027%	$5.5M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03941	−0.155%	$5.6M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03945	−0.053%	$981K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03945	−0.053%	$321K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03945	−0.053%	$3.7M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03943	−0.104%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03947	−0.003%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03944	−0.079%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03950	+0.073%	$20K	$462K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03944	−0.069%	$224K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03956	+0.225%	$274K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0764%	1h	0.03949	+0.048%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1838%	1h	0.03950	+0.073%	$115K	$424K	5x	as long as short