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: Extended against Hyperliquid−0.168%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as 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)+0.016%+$2 · spread now −0.168%, 7d avg −0.146%
=Together, before fees−0.080%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HBAR | 0.09321 | 0.0100 | pay 0.0013% / 1h | 5m 52s | $8.9M | $2.7M | 5x |
| Short | Extended HBAR-USD | 0.09306 | 0.0080 | get 0.0010% / 1h | 5m 52s | $53K | $277K | 10x |
Hyperliquid HBAR
Extended HBAR-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$4.2
- Price spread: −0.168% → −0.146%
- −$2.2
- Slippage, 4 orders
- −$25.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$45.99
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Extended: live order book, 66 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, 6 min ago | 0.64 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 66 min ago | 1.67 bp | 9.3 bp −$9 | 68.5 bp −$685 | 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 | 0.09307 | −0.154% | $7.3M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09329 | +0.084% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09317 | −0.047% | $513K | $167K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09314 | −0.080% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.584% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09317 | −0.047% | $227K | $2.2M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09319 | −0.028% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0065% | 8h | 0.09307 | −0.157% | $1.0M | $191K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0077% | 8h | 0.09308 | −0.144% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09307 | −0.154% | $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 | 0.09307 | −0.154% | $35.0M | $106.1M | 75x | as long as short |
| Extended HBAR-USDshort | +0.0080% | 1h | 0.09306 | −0.168% | $53K | $277K | 10x | |
| Gate HBAR_USDT | +0.0093% | 8h | 0.09313 | −0.090% | $2.4M | $3.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09314 | −0.079% | $570K | $553K | 5x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09321 | long leg | $8.9M | $2.7M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09320 | −0.019% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09308 | −0.144% | $33.2M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09309 | −0.133% | $6.9M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09312 | −0.101% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09307 | −0.154% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09313 | −0.090% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09351 | +0.319% | $375K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09353 | +0.339% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09312 | −0.101% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09329 | +0.082% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09314 | −0.079% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0198% | 8h | 0.09339 | +0.189% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0495% / S −0.0562% | 1h | 0.09313 | −0.085% | $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]