Funding you earn now, next payment 05:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h +0.030%
Price spread now: Hyperliquid against Coinbase International+0.209%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.209%, 7d avg +0.131%
=Together, before fees+0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.078% dearer against Coinbase International than usual: you sell high and buy low (spread +0.209% now, against its 7-day average of +0.131%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.341%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ALGO-PERP-INTX | 0.1102 | 0.0144 | pay 0.0018% / 1h | 11m 47s | $62K | $247K | 50x |
| Short | Hyperliquid ALGO | 0.1105 | 0.0100 | get 0.0013% / 1h | 11m 47s | $3.4M | $2.3M | 5x |
Coinbase International ALGO-PERP-INTX
Hyperliquid ALGOFunding 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
- −$9.24
- Price spread: +0.209% → +0.131%
- $7.8
- Slippage, 4 orders
- −$53.32
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.77
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 36 min ago; Hyperliquid: live order book, 10 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, 36 min ago | 9.07 bp | 15.0 bp −$15 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.82 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0204% | 1h | 0.1102 | −0.054% | $87K | $44K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1102 | +0.005% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.606% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1105 | +0.209% | $3.4M | $2.3M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1102 | +0.010% | $44K | $37K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.064% | $9.4M | $34.5M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1102 | −0.018% | $11.0M | $12.6M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1103 | +0.091% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1101 | −0.118% | $833K | $933K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1102 | +0.009% | $22.9M | $3.2M | 200x | as long as short |
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1102 | −0.036% | $3.4M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1103 | +0.064% | $5.4M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1103 | +0.073% | — | $3.3M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1097 | −0.520% | $60K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1100 | −0.218% | $59K | $135K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.062% | $7K | $196K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0112% | 1h | 0.1102 | −0.004% | $819K | $1.1M | 50x | as long as short |
| Phemex ALGOUSDT | +0.0118% | 8h | 0.1104 | +0.154% | $3.7M | $1.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTXlong | +0.0144% | 1h | 0.1102 | long leg | $62K | $247K | 50x | |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1101 | −0.118% | $467K | $882K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0317% / S −0.0264% | 1h | 0.1102 | −0.017% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1373% | 1h | 0.1102 | −0.031% | $159K | $5K | 5x | as long as short |
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD