Funding you earn now, next payment 03:00 UTC−0.0311%/8h= −34.0% APRnext payment −$0.39 per $10,000 · paid last 24h −0.019%
Price spread now: Hyperliquid against Coinbase International+0.194%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.579%−$58 · spread now +0.194%, 7d avg +0.042%
=Together, before fees−0.566%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.152% dearer against Coinbase International than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.042%): +$15 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4588 | 0.0496 | pay 0.0062% / 1h | 54m 57s | $271K | $1.7M | 50x |
| Short | Hyperliquid WLD | 0.4597 | 0.0185 | get 0.0023% / 1h | 54m 57s | $50.4M | $43.3M | 10x |
Coinbase International WLD-PERP-INTX
Hyperliquid WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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
- −$65.28
- Price spread: +0.194% → +0.042%
- $15.24
- Slippage, 4 orders
- −$37.08
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$106.11
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Coinbase International live order book, 4 min ago | 8.75 bp | 19.0 bp −$19 | 33.6 bp −$336 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.10 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0112% | 8h | 0.4580 | −0.174% | $58K | $4.6M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0077% | 1h | 0.4588 | 0.000% | $243K | $205K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0024% | 8h | 0.4590 | +0.044% | $7.0M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4583 | −0.104% | $156K | $33K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4591 | +0.066% | $55K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0014% | 1h | 0.4558 | −0.654% | $6K | $185K | 5.5x | as long as short |
| 01 Exchange WLDUSD | +0.0048% | 1h | 0.4589 | +0.020% | $328 | $80 | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0081% | 8h | 0.4592 | +0.087% | $28K | $889K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4592 | +0.080% | $181K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4584 | −0.087% | $49K | $528K | 5x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
01 Exchange WLDUSD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4591 | +0.065% | $87.2M | $327.5M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4590 | +0.044% | $65.4M | $88.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4590 | +0.044% | $34.4M | $149.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4590 | +0.044% | $7.2M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4593 | +0.109% | $44.3M | $53.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4594 | +0.131% | $30.3M | $30.1M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4591 | +0.065% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4592 | +0.096% | $137K | $297K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4586 | −0.049% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4560 | −0.606% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4584 | −0.096% | $603K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4562 | −0.567% | $50K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4586 | −0.035% | $44K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4596 | +0.174% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4589 | +0.022% | $177 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4586 | −0.044% | $839K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4592 | +0.087% | $1.8M | $3.7M | 50x | as long as short |
| Lighter WLD | +0.0104% | 1h | 0.4594 | +0.124% | $5.0M | $2.4M | 10x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4591 | +0.064% | $227K | $974K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4594 | +0.137% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4588 | −0.006% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4571 | −0.375% | $5K | $52K | 10x | as long as short |
| Hyperliquid WLDshort | +0.0185% | 1h | 0.4597 | +0.194% | $50.4M | $43.3M | 10x | |
| Deribit WLD_USDC-PERPETUAL | +0.0186% | 1h | 0.4594 | +0.131% | $115K | $923K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4593 | +0.109% | $5.0M | $850K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4591 | +0.063% | $5K | — | 100x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0478% | 1h | 0.4593 | +0.100% | $889K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0496% | 1h | 0.4588 | long leg | $271K | $1.7M | 50x |
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Lighter WLD
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Kraken Futures PF_WLDUSD