Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Phemex+0.108%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$850.852% of the position
Funding, last 7 days+0.144%+$14 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now +0.108%, 7d avg +0.156%
=Together, before fees+0.227%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 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 0.047% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.156%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex FILUSDT | 0.9870 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $1.3M | $2.4M | 50x |
| Short | Hyperliquid FIL | 0.9881 | 0.0100 | get 0.0013% / 1h | 49m 21s | $7.9M | $3.0M | 5x |
Phemex FILUSDT
Hyperliquid FILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Phemex. 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: +0.108% → +0.156%
- −$4.72
- Slippage, 4 orders
- −$64.24
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$89.96
- Costs to cover
- 0.852%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Hyperliquid: 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 Phemex live order book, 2 min ago | 10.17 bp | 37.1 bp −$37 | 112.2 bp −$1,122 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.41 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0104% | 1h | 0.9850 | −0.203% | $322K | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9854 | −0.163% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9869 | −0.007% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 0.9859 | −0.111% | $169K | $8K | 25x | as long as short |
| Bybit FILUSDT | +0.0015% | 8h | 0.9868 | −0.020% | $15.3M | $17.8M | 25x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −0.152% | $2K | $240K | 12x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9866 | −0.039% | $155K | $260K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9881 | +0.108% | $7.9M | $3.0M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9865 | −0.053% | $503K | $275K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9872 | +0.020% | $57.0M | $153.0M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Bybit FILUSDT
Injective FIL/USDC PERP
Lighter FIL
Aster FILUSDT
Binance FILUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0100% | 8h | 0.9853 | −0.172% | $17.2M | $89.4M | 50x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9865 | −0.051% | $8.2M | $13.4M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9882 | +0.122% | $225K | $89K | 50x | as long as short |
| KuCoin FILUSDTM | +0.0100% | 8h | 0.9875 | +0.051% | $7.2M | $7.6M | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9855 | −0.152% | $11.0M | $16.8M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9857 | −0.132% | — | $4.7M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9856 | −0.143% | $444K | $216K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9836 | −0.345% | $45K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9837 | −0.337% | $289K | $1.9M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.304% | $23K | $180K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9867 | −0.035% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.203% | $3K | $973K | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9878 | +0.081% | $474 | $8K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9876 | +0.061% | $632K | $4.8M | 75x | as long as short |
| Phemex FILUSDTlong | +0.0100% | 8h | 0.9870 | long leg | $1.3M | $2.4M | 50x | |
| Extended FIL-USD | +0.0104% | 1h | 0.9855 | −0.155% | $696K | $4.2M | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.0153% | 1h | 0.9865 | −0.055% | $1.4M | $2.0M | 50x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9883 | +0.132% | $2.5M | $641K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0598% / S −0.0280% | 1h | 0.9862 | −0.082% | $264K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
Gate FIL_USDT
MEXC FIL_USDC
KuCoin FILUSDTM
Bitget FILUSDT
BingX FIL-USDT
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
Kraken Futures PF_FILUSD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]