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Funding arb · Price arb /

ETH

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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against Extended+0.136%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Long on ExtendedShort on Hyperliquid
What this pair did over the last
the charts below follow
Funding, last 7 days+0.001%$0 on $10k
Price spread, last 7 days−0.087%−$9 · spread now +0.136%, 7d avg +0.087%
Together, before fees−0.086%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.049% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.087%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ETH-USD2,773.50.0104pay 0.0013% / 1h2m 29s$32.5M$78.4M50x
ShortHyperliquid ETH2,777.30.0100get 0.0013% / 1h2m 29s$3.17B$2.36B25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: +0.136% → +0.087%
$4.94
Slippage, 4 orders
−$0.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$10.62
Costs to cover
0.147%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.18 bp2.7 bp −$33.1 bp −$316.7 bp −$67415.4 bp −$7,689
Sell Hyperliquid live order book, 12 min ago0.18 bp4.7 bp −$54.7 bp −$475.8 bp −$5828.0 bp −$3,987

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl ETH−0.0223%43m2,775.8+0.081%$286K$6.9M8.3xas long as short
RISEx ETH/USDC−0.0206%1h2,773.9+0.012%$5.6M$11.9M25xas long as short
Injective ETH/USDC PERP−0.0088%1h2,762.1−0.412%$119K$22.5M52xas long as short
Hotstuff ETH-PERP−0.0080%1h2,774.3+0.028%$5K$2K50xas long as short
ApeX Omni ETHUSDT−0.0026%1h2,769.6−0.142%$8.7M$32.9M100xas long as short
01 Exchange ETHUSD−0.0008%1h2,774.7+0.042%$168K$1.2M50xas long as short
dYdX ETH-USD0.0000%1h2,775.8+0.083%$12.7M$45.9M50xas long as short
Phoenix ETH+0.0003%1h2,774.3+0.028%$877K$3.7M25xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,776.4+0.104%$22.4M—200xas long as short
OKX ETH-USDT-SWAP+0.0021%8h2,774.5+0.036%$1.71B$11.90B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ETHUSDT+0.0023%8h2,774.4+0.033%$270.3M$68.7M150xas long as short
GMX ETH/USD [ETH-USDC]L +0.0026% / S +0.0009%1h2,776.1+0.093%$12.9M—200xas long as short
SoDEX ETH-USD+0.0030%1h2,774.5+0.035%$55.2M$228.7M40xas long as short
Aftermath Perps ETHUSD+0.0032%1h2,772.8−0.026%$29K$22K20xas long as short
Aster ETHUSDT+0.0034%8h2,774.3+0.030%$256.1M$1.00B200xas long as short
Bullet ETH-USD+0.0034%1h2,775.5+0.071%$182K$1.7M20xas long as short
MEXC ETH_USDT+0.0054%8h2,774.4+0.030%$1.62B$2.67B500xas long as short
Binance ETHUSDT+0.0056%8h2,774.1+0.021%$6.47B$17.29B150xas long as short
Aevo ETH-PERP+0.0056%1h2,772.3−0.044%$5.0M$636K20xas long as short
Deribit ETH-PERPETUAL+0.0060%1h2,776.5+0.106%$259.1M$222.1M50xas long as short
Bitget ETHUSDT+0.0065%8h2,774.3+0.027%$2.10B$3.10B150xas long as short
Gate ETH_USDT+0.0067%8h2,774.4+0.031%$3.29B$9.71B200xas long as short
KuCoin ETHUSDTM+0.0080%8h2,774.6+0.039%$422.8M$738.7M100xas long as short
Bybit ETHUSDT+0.0087%8h2,774.3+0.029%$2.51B$4.62B150xas long as short
BingX ETH-USDC+0.0088%8h2,773.9+0.012%—$17.4M—as long as short
Coinbase International ETH-PERP-INTX+0.0088%1h2,776+0.091%$60.7M$4.60B50xas long as short
Nado ETH-PERP+0.0091%1h2,774.2+0.024%$14.3M$118.2M50xas long as short
HTX ETH-USDT+0.0093%8h2,775.1+0.057%$1.08B$1.32B200xas long as short
Lighter ETH+0.0096%1h2,774.9+0.050%$115.2M$502.0M50xas long as short
Lighter RH ETH+0.0096%1h2,776.6+0.112%$25.3M$122.2M50xas long as short
Vest ETH-PERP+0.0097%1h2,776.2+0.095%—$1.1M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,774.4+0.031%$15.9M$10.0M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,774+0.017%$485K$2.8M50xas long as short
Hyperliquid ETHshort+0.0100%1h2,777.3+0.136%$3.17B$2.36B25x
Pacifica ETH+0.0100%1h2,775+0.053%$31.3M$316.9M50xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,773.2−0.012%$2.8M$17.3M25xas long as short
Arcus ETH-USD+0.0100%1h2,774.6+0.039%$2.7M$17.4M25xas long as short
Bulk ETH-USD+0.0100%1h2,769.4−0.149%$169.4M$262.8M25xas long as short
Backpack ETH_USDC_PERP+0.0100%1h2,774.5+0.033%$15.1M$44.2M50xas long as short
Variational Omni ETH+0.0100%8h2,768.5−0.180%$148.3M$337.3M—as long as short
edgeX ETHUSDC+0.0100%4h2,769.8−0.135%$181.8M$784.6M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,770.2−0.118%$161.1M$89.4M50xas long as short
StandX ETH-USD+0.0100%1h2,776+0.089%$21.5M$58.7M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,776.5+0.107%$10.6M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,776.2+0.097%$21K$24K25xas long as short
SunX ETH-USDT+0.0100%8h2,775+0.052%$974K$13.9M100xas long as short
Kalshi KXETHPERP+0.0100%8h2,776.4+0.104%$8.3M$688.6M4.9xas long as short
Derive ETH-PERP+0.0100%1h2,777.4+0.140%$42.8M$29.4M15xas long as short
Extended ETH-USDlong+0.0104%1h2,773.5long leg$32.5M$78.4M50x
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,776.6+0.113%—$43.8M500xas long as short
Kraken Futures PF_ETHUSD+0.0123%1h2,775.7+0.079%$90.8M$338.3M100xas long as short
Orderly PERP_ETH_USDC+0.0144%8h2,777.9+0.156%$32.6M$12.1M100xas long as short
BloFin ETH-USDT+0.0174%8h2,774.5+0.036%$287.2M$193.8M150xas long as short
Hibachi ETH/USDT-P+0.0200%1h2,776.1+0.093%$253K$1.6M20xas long as short
Reya ETHRUSDPERP+0.0206%1h2,775.6+0.074%$7.4M$1.2M25xas long as short