Funding you earn now, next payment 21:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.018%
Price spread now: Coinbase International against Hyperliquid−0.035%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$600.605% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.035%, 7d avg −0.046%
=Together, before fees+0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 | Hyperliquid WLD | 0.4542 | 0.0100 | pay 0.0013% / 1h | 17m 12s | $46.5M | $41.2M | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4540 | 0.0400 | get 0.0050% / 1h | 17m 12s | $278K | $1.6M | 50x |
Hyperliquid WLD
Coinbase International WLD-PERP-INTXFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $63
- Price spread: −0.035% → −0.046%
- $1.05
- Slippage, 4 orders
- −$41.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $3.58
- Costs to cover
- 0.605%
- Break-even
- 6.6 days
Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: 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 Hyperliquid live order book, 6 min ago | 1.10 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 7.69 bp | 20.6 bp −$21 | 25.1 bp −$251 | 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 | −0.0447% | 8h | 0.4541 | −0.013% | $45K | $3.8M | 1.7x | as long as short |
| Orderly PERP_WLD_USDC | −0.0020% | 8h | 0.4538 | −0.079% | $28K | $917K | 10x | as long as short |
| Variational Omni WLD | −0.0004% | 8h | 0.4542 | +0.014% | $2.1M | $1.6M | — | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4544 | +0.059% | $155K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4540 | −0.035% | $123K | $911K | 25x | as long as short |
| KuCoin WLDUSDTM | +0.0001% | 8h | 0.4537 | −0.101% | $7.0M | $10.7M | 50x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4540 | −0.025% | $56K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0033% | 1h | 0.4541 | −0.002% | $271K | $168K | 5x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4553 | +0.242% | $5K | $52K | 10x | as long as short |
| OKX WLD-USDT-SWAP | +0.0076% | 8h | 0.4535 | −0.145% | $33.8M | $137.8M | 50x | as long as short |
Kalshi KXWLDPERP
Orderly PERP_WLD_USDC
Variational Omni WLD
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
KuCoin WLDUSDTM
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Phoenix WLD
OKX WLD-USDT-SWAPShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0090% | 8h | 0.4536 | −0.124% | $85.3M | $292.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0091% | 8h | 0.4539 | −0.057% | $53.7M | $47.6M | 300x | as long as short |
| Hyperliquid WLDlong | +0.0100% | 1h | 0.4542 | long leg | $46.5M | $41.2M | 10x | |
| Aster WLDUSDT | +0.0100% | 8h | 0.4542 | +0.016% | $215K | $982K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4541 | −0.007% | $51K | $482K | 5x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4536 | −0.123% | $64.7M | $80.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4539 | −0.057% | $7.4M | $34.7M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4536 | −0.123% | $30.1M | $25.2M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4538 | −0.079% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4544 | +0.048% | $129K | $271K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4549 | +0.162% | $27K | $316K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4549 | +0.158% | $610K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4542 | +0.009% | $55K | $226K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4538 | −0.088% | $51K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4544 | +0.053% | $22K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4536 | −0.123% | $196 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4539 | −0.057% | $856K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4536 | −0.123% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4535 | −0.135% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4539 | −0.057% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4537 | −0.106% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0210% | 8h | 0.4535 | −0.145% | $4.9M | $806K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0217% / S −0.1712% | 1h | 0.4540 | −0.038% | $9K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0336% | 1h | 0.4546 | +0.097% | $325 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4542 | +0.009% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0400% | 1h | 0.4540 | −0.035% | $278K | $1.6M | 50x | |
| Lighter WLD | +0.0968% | 1h | 0.4546 | +0.101% | $5.2M | $2.1M | 10x | as long as short |
| Kraken Futures PF_WLDUSD | +0.1098% | 1h | 0.4541 | −0.006% | $923K | $2.6M | 50x | as long as short |
Binance WLDUSDT
MEXC WLD_USDT
Aster WLDUSDT
Pacifica WLD
Bybit WLDUSDT
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Lighter WLD
Kraken Futures PF_WLDUSD