Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Hyperliquid against Extended+0.086%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1841.839% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.086%, 7d avg +0.045%
=Together, before fees+0.132%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$13 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: Hyperliquid is 0.041% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended W-USD | 0.01178 | 0.0104 | pay 0.0013% / 1h | 39m 29s | $59K | $276K | 5x |
| Short | Hyperliquid W | 0.01179 | 0.0100 | get 0.0013% / 1h | 39m 29s | $2.0M | $433K | 5x |
Extended W-USD
Hyperliquid WFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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: +0.086% → +0.045%
- $4.05
- Slippage, 4 orders
- −$169.88
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$180.67
- Costs to cover
- 1.839%
- Break-even
- never at this rate
Slippage from Extended: live order book, 43 min ago; Hyperliquid: live order book, 1 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 Extended live order book, 43 min ago | 1.70 bp | 74.3 bp −$74 | 360.4 bp −$3,604 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 4.24 bp | 23.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0598% | 1h | 0.01179 | +0.077% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0023% | 4h | 0.01178 | −0.042% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.632% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01179 | +0.086% | $2.0M | $433K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | −0.008% | $3.0M | $7.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01177 | −0.110% | $4.1M | $2.0M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | −0.118% | $446K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01178 | −0.008% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01180 | +0.171% | $486K | $245K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01179 | +0.086% | $1.3M | $577K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01177 | −0.050% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01176 | −0.172% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01177 | −0.084% | $123K | $409K | 10x | as long as short |
| Extended W-USDlong | +0.0104% | 1h | 0.01178 | long leg | $59K | $276K | 5x | |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01179 | +0.094% | $14K | $18K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0320% | 1h | 0.01180 | +0.145% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0396% | 1h | 0.01181 | +0.263% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD