Funding you earn now, next payment 21:00 UTC−0.0868%/8h= −95.0% APRnext payment −$1.08 per $10,000 · paid last 24h −0.236%
Price spread now: Hyperliquid against Coinbase International+0.388%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 pays, funding is against you. Hyperliquid is 0.388% dearer against Coinbase International than usual: you sell high and buy low (spread +0.388% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DYDX-PERP-INTX | 0.1390 | 0.0968 | pay 0.0121% / 1h | 24m 41s | $17K | $29K | 50x |
| Short | Hyperliquid DYDX | 0.1395 | 0.0100 | get 0.0013% / 1h | 24m 41s | $2.1M | $731K | 5x |
Coinbase International DYDX-PERP-INTX
Hyperliquid DYDXFunding 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
- −$182.28
- Price spread: +0.388% → 0.000%
- $38.85
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$162.43
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 6 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 1.44 bp | 25.7 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
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.
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0395% | 1h | 0.1389 | −0.072% | $6K | $51K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1390 | 0.000% | — | — | 25x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1392 | +0.151% | $64K | $46K | 5x | as long as short |
| Hyperliquid DYDXshort | +0.0100% | 1h | 0.1395 | +0.388% | $2.1M | $731K | 5x | |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1391 | +0.080% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1391 | +0.084% | $5.3M | $8.5M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1391 | +0.058% | $4.7M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1393 | +0.194% | $2.2M | $3.5M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1394 | +0.288% | $53K | $19K | 5x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1391 | +0.058% | $393K | $490K | 75x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Lighter DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USD
Gate DYDX_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1390 | 0.000% | $3.4M | $816K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1392 | +0.144% | $2.4M | $4.1M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1392 | +0.144% | $1.4M | $1.2M | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1391 | +0.072% | — | $8.0M | — | as long as short |
| BloFin DYDX-USDT | +0.0102% | 8h | 0.1387 | −0.216% | $302K | $16K | 75x | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1391 | +0.040% | $3K | $109K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1391 | +0.067% | $50K | — | 3x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1391 | +0.049% | $944 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSD | +0.0349% | 1h | 0.1392 | +0.171% | $323K | $324K | 20x | as long as short |
| Coinbase International DYDX-PERP-INTXlong | +0.0968% | 1h | 0.1390 | long leg | $17K | $29K | 50x | |
| dYdX DYDX-USD | +0.2746% | 1h | 0.1392 | +0.111% | $79K | $2K | 5x | as long as short |
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
BloFin DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
GMX DYDX/USD [WBTC.b-USDC]
Kraken Futures PF_DYDXUSD
dYdX DYDX-USD