Funding you earn now, next payment 21:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.065%
Price spread now: Coinbase International against Hyperliquid0.000%49s7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.033% of the position
Funding, last 7 days+0.404%+$40 on $10k
+Price spread, last 3 days (all we have)+1.833%+$183 · spread now 0.000%, 7d avg +0.103%
=Together, before fees+2.237%+ Points / potential airdropHyperliquid: Season 2 · farm board+$224 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.103% cheaper against Hyperliquid than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.103%). If the spread goes back, that is −$10 on $10k: about 46 hours of funding at the current rate (+$5 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APT | 0.7789 | 0.0100 | pay 0.0013% / 1h | 32m 23s | $5.9M | $5.1M | 10x |
| Short | Coinbase International APT-PERP-INTX | 0.7789 | 0.0280 | get 0.0035% / 1h | 32m 23s | $210K | $540K | 50x |
Hyperliquid APT
Coinbase International APT-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
- $37.8
- Price spread: 0.000% → +0.103%
- −$10.3
- Slippage, 4 orders
- −$84.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.78
- Costs to cover
- 1.033%
- Break-even
- 21.0 days
Slippage from Hyperliquid: live order book, 10 min ago; Coinbase International: live order book, 55 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, 10 min ago | 0.65 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 55 min ago | 11.58 bp | 33.0 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0624% | 1h | 0.7775 | −0.180% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0364% | 1h | 0.7778 | −0.144% | $535K | $611K | 50x | as long as short |
| Variational Omni APT | −0.0108% | 8h | 0.7729 | −0.767% | $606K | $222K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0018% | 8h | 0.7782 | −0.090% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7650 | −1.785% | $2K | $169K | 12x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0007% | 1h | 0.7774 | −0.193% | $16K | $372K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7787 | −0.024% | $21K | — | 150x | as long as short |
| Bybit APTUSDT | +0.0088% | 8h | 0.7779 | −0.128% | $28.9M | $35.3M | 50x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7771 | −0.231% | $425K | $346K | 10x | as long as short |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7789 | long leg | $5.9M | $5.1M | 10x |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Bybit APTUSDT
Lighter APTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APTUSDT | +0.0100% | 8h | 0.7773 | −0.199% | $303K | $449K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7781 | −0.099% | $28.7M | $95.8M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7782 | −0.090% | $6.1M | $23.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7777 | −0.154% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7779 | −0.128% | $27.9M | $14.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7779 | −0.128% | $5.6M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7777 | −0.154% | $8.9M | $12.2M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7784 | −0.064% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7779 | −0.128% | $197K | $364K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7730 | −0.757% | $64K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7761 | −0.359% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7773 | −0.205% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7734 | −0.706% | $261K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7771 | −0.230% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7775 | −0.180% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7785 | −0.054% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7773 | −0.205% | $1.5M | $768K | 75x | as long as short |
| Coinbase International APT-PERP-INTXshort | +0.0280% | 1h | 0.7789 | 0.000% | $210K | $540K | 50x | |
| Reya APTRUSDPERP | +0.0463% | 1h | 0.7781 | −0.099% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0565% | 1h | 0.7775 | −0.184% | $54K | $5K | 10x | as long as short |
Aster APTUSDT
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD