Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.044%
Price spread now: Hyperliquid against Extended+0.212%7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.212%, 7d avg +0.146%
=Together, before fees+0.036%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.066% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.146%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HBAR-USD | 0.09305 | 0.0080 | pay 0.0010% / 1h | 6m 07s | $53K | $277K | 10x |
| Short | Hyperliquid HBAR | 0.09324 | 0.0100 | get 0.0013% / 1h | 6m 07s | $8.9M | $2.7M | 5x |
Extended HBAR-USD
Hyperliquid HBARFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.2
- Price spread: +0.212% → +0.146%
- $6.63
- Slippage, 4 orders
- −$25.59
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.76
- Costs to cover
- 0.396%
- Break-even
- 54.9 days
Slippage from Extended: live order book, 66 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 Extended live order book, 66 min ago | 1.67 bp | 9.1 bp −$9 | 63.0 bp −$630 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.64 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0080% | 8h | 0.09315 | +0.110% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09329 | +0.263% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09317 | +0.132% | $513K | $167K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09314 | +0.099% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.406% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09317 | +0.132% | $227K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09319 | +0.151% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | +0.022% | $1.0M | $191K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09308 | +0.035% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09312 | +0.078% | $27.2M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0078% | 8h | 0.09308 | +0.035% | $35.0M | $106.0M | 75x | as long as short |
| Extended HBAR-USDlong | +0.0080% | 1h | 0.09305 | long leg | $53K | $277K | 10x | |
| Gate HBAR_USDT | +0.0093% | 8h | 0.09316 | +0.121% | $2.4M | $3.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09314 | +0.099% | $570K | $553K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09324 | +0.212% | $8.9M | $2.7M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09318 | +0.143% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09308 | +0.035% | $33.2M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09310 | +0.056% | $6.9M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09312 | +0.078% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09312 | +0.078% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09313 | +0.089% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09351 | +0.498% | $375K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09353 | +0.519% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09312 | +0.078% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09329 | +0.261% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09314 | +0.099% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0198% | 8h | 0.09339 | +0.368% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09313 | +0.094% | $117K | — | 100x | as long as short |
Binance HBARUSDT
Gate HBAR_USDT
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]