W

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.029%

Price spread now: Coinbase International against Hyperliquid−0.008%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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid W	0.01183	0.0100	pay 0.0013% / 1h	16m 12s	$2.0M	$421K	5x
Short	Coinbase International W-PERP-INTX	0.01183	0.0248	get 0.0031% / 1h	16m 12s	$14K	$16K	50x

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 −0.008%Rate

Funding earned: $31.08
Price spread: −0.008% → 0.000%: −$0.85
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: $11.23
Costs to cover: 0.190%
Break-even: 4.5 days

Slippage unknown: Hyperliquid: live order book, 5 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, 5 min ago	8.47 bp	24.2 bp −$24	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.

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	−0.0173%	1h	0.01182	−0.085%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAP	−0.0004%	4h	0.01181	−0.152%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.198%	$1K	$1K	12x	as long as short
Hyperliquid Wlong	+0.0100%	1h	0.01183	long leg	$2.0M	$421K	5x
Binance WUSDT	+0.0100%	4h	0.01182	−0.101%	$2.9M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01180	−0.262%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01179	−0.321%	$445K	$291K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01182	−0.110%	$12.8M	$1.5M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01183	0.000%	$465K	$215K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01182	−0.085%	$1.3M	$571K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01181	−0.144%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01180	−0.217%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01180	−0.254%	$127K	$377K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01182	−0.082%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTXshort	+0.0248%	1h	0.01183	−0.008%	$14K	$16K	50x
Backpack W_USDC_PERP	+0.0498%	1h	0.01183	+0.025%	$44K	$46K	15x	as long as short
Kraken Futures PF_WUSD	+0.0718%	1h	0.01185	+0.152%	$147K	$181K	20x	as long as short