Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.068%
Price spread now: Extended against Hyperliquid−0.048%7-day average −0.215% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now −0.048%, 7d avg −0.215%
=Together, before fees−0.339%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.167% dearer against Hyperliquid than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.215%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5088 | 0.0100 | pay 0.0013% / 1h | 39m 20s | $9.9M | $7.3M | 5x |
| Short | Extended SPX-USD | 0.5085 | 0.0104 | get 0.0013% / 1h | 39m 20s | $35K | $227K | 10x |
Hyperliquid SPX
Extended SPX-USDFunding 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 itlatest
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: −0.048% → −0.215%
- $16.69
- Slippage, 4 orders
- −$89.17
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$85.64
- Costs to cover
- 1.032%
- Break-even
- 720.6 days
Slippage from Hyperliquid: live order book, 3 min ago; Extended: live order book, 43 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, 3 min ago | 3.14 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 43 min ago | 3.28 bp | 26.4 bp −$26 | 199.5 bp −$1,995 | doesn't fit | doesn't fit |
SPX on 19 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_SPXUSD | −0.1232% | 1h | 0.5087 | −0.018% | $235K | $552K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −2.135% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5089 | +0.029% | $117K | $319K | 5x | as long as short |
| Variational Omni SPX | +0.0098% | 4h | 0.5088 | +0.016% | $888K | $1.3M | — | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.5088 | long leg | $9.9M | $7.3M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.5093 | +0.099% | $128K | $103K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5088 | +0.008% | $5.1M | $19.9M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5080 | −0.149% | $11.9M | $15.4M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5092 | +0.086% | $995K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5083 | −0.090% | $1.1M | $476K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Lighter SPX
Variational Omni SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.5088 | +0.008% | $11.5M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5085 | −0.051% | $3.8M | $5.2M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5086 | −0.031% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.5087 | −0.012% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5093 | +0.106% | $46K | $247K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.5096 | +0.165% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5080 | −0.149% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5085 | −0.048% | $35K | $227K | 10x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5086 | −0.031% | $254K | $940K | 75x | as long as short |
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
BloFin SPX-USDT