Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Phemex against Hyperliquid−0.126%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$810.807% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.126%, 7d avg −0.157%
=Together, before fees−0.219%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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: Phemex is 0.031% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.157%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9973 | 0.0100 | pay 0.0013% / 1h | 57m 30s | $8.4M | $9.4M | 5x |
| Short | Phemex FILUSDT | 0.9960 | 0.0100 | get 0.0100% / 8h | 1h 57m | $1.2M | $2.6M | 50x |
Hyperliquid FIL
Phemex FILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.126% → −0.157%
- $3.11
- Slippage, 4 orders
- −$59.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$77.64
- Costs to cover
- 0.807%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Phemex: live order book, 6 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, 5 min ago | 0.05 bp | 6.7 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 10.02 bp | 30.3 bp −$30 | 99.9 bp −$999 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0451% | 1h | 0.9973 | +0.004% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0248% | 1h | 1.0012 | +0.395% | $357K | $2.3M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9974 | +0.013% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9971 | −0.021% | $58K | $1K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.179% | $2K | $240K | 12x | as long as short |
| OKX FIL-USDT-SWAP | +0.0048% | 8h | 0.9951 | −0.217% | $18.0M | $109.8M | 50x | as long as short |
| KuCoin FILUSDTM | +0.0061% | 8h | 0.9970 | −0.026% | $7.3M | $7.9M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9961 | −0.118% | $148K | $355K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9973 | long leg | $8.4M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9951 | −0.216% | $508K | $606K | 20x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
OKX FIL-USDT-SWAP
KuCoin FILUSDTM
Lighter FIL
Aster FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0100% | 8h | 0.9950 | −0.227% | $56.2M | $187.7M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9950 | −0.227% | $15.6M | $20.6M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9943 | −0.297% | $8.3M | $16.6M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9964 | −0.086% | $235K | $102K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9940 | −0.327% | $11.3M | $20.1M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9943 | −0.297% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9970 | −0.030% | $452K | $265K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9965 | −0.078% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9972 | −0.003% | $295K | $1.3M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | +0.074% | $29K | $183K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9980 | +0.075% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9970 | −0.026% | $3K | $1.2M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9965 | −0.076% | $489 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9993 | +0.205% | $619K | $5.8M | 75x | as long as short |
| Phemex FILUSDTshort | +0.0100% | 8h | 0.9960 | −0.126% | $1.2M | $2.6M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9947 | −0.256% | $700K | $1.4M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9962 | −0.106% | $2.7M | $699K | 75x | as long as short |
| Kraken Futures PF_FILUSD | +0.0245% | 1h | 0.9970 | −0.022% | $1.4M | $2.2M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0604% / S −0.0280% | 1h | 0.9974 | +0.019% | $267K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Extended FIL-USD
BloFin FIL-USDT
Kraken Futures PF_FILUSD
GMX FIL/USD [WBTC.b-USDC]