Funding you earn now, next payment 04:00 UTC+0.0307%/8h= +33.7% APRpaid last 24h +0.054%
Price spread now: Hyperliquid against HTX+0.098%48s7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.098%, 7d avg +0.168%
=Together, before fees+0.075%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.069% cheaper against HTX than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.168%). If the spread goes back, that is −$7 on $10k: about 18 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.035% in total) that is about 14 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.035% in total (about 1.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX LINK-USDT | 12.913 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $632K | $703K | 75x |
| Short | Hyperliquid LINK | 12.926 | 0.0407 | get 0.0051% / 1h | 51m 27s | $81.0M | $27.4M | 10x |
HTX LINK-USDT
Hyperliquid LINKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against HTX. 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
- $64.55
- Price spread: +0.098% → +0.168%
- −$6.92
- Slippage, 4 orders
- −$54.13
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.5
- Costs to cover
- 0.751%
- Break-even
- 8.9 days
Slippage from HTX: live order book, 7 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 7 min ago | 21.58 bp | 27.7 bp −$28 | 71.6 bp −$716 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.39 bp | 6.0 bp −$6 | 11.4 bp −$114 | doesn't fit | doesn't fit |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0090% / S +0.0167% | 1h | 12.917 | +0.028% | $1.8M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.933 | +0.149% | $489K | $2.2M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0009% | 1h | 12.910 | −0.029% | $158K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −3.975% | $4K | $48K | 12x | as long as short |
| Orderly PERP_LINK_USDC | +0.0061% | 8h | 12.915 | +0.013% | $116K | $1.4M | 20x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0067% | 1h | 12.923 | +0.072% | $771K | $189K | 50x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.907 | −0.047% | $1.9M | $2.8M | 10x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0096% | 1h | 12.954 | +0.315% | $943K | $2.7M | 50x | as long as short |
| Phoenix LINK | +0.0099% | 1h | 12.947 | +0.259% | $3K | $84K | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.910 | −0.029% | $31K | $2K | 20x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Orderly PERP_LINK_USDC
Deribit LINK_USDC-PERPETUAL
Lighter LINK
Coinbase International LINK-PERP-INTX
Phoenix LINK
Paradex LINK-USD-PERPShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LINK-PERP | +0.0100% | 1h | 12.905 | −0.062% | $390K | $310K | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.913 | −0.005% | $1.3M | $2.3M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 12.909 | −0.030% | $272K | $173K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.914 | +0.005% | $119.4M | $296.7M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.909 | −0.033% | $83.3M | $71.6M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.912 | −0.010% | $27.2M | $81.3M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 12.928 | +0.114% | $181K | $165K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.908 | −0.041% | $127.6M | $12.7M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.914 | +0.005% | $32.2M | $55.8M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.916 | +0.021% | $22.7M | $13.4M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.911 | −0.018% | $53.7M | $29.5M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 12.908 | −0.041% | — | $6.6M | — | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.956 | +0.333% | $3.4M | $1.6M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.943 | +0.233% | $43K | $306K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 12.939 | +0.196% | $583K | $2.7M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.945 | +0.245% | $133K | $672K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.919 | +0.044% | $81K | $70K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 12.917 | +0.027% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.934 | +0.161% | $33K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 12.916 | +0.021% | $11K | $63K | 10x | as long as short |
| HTX LINK-USDTlong | +0.0100% | 8h | 12.913 | long leg | $632K | $703K | 75x | |
| Extended LINK-USD | +0.0104% | 1h | 12.904 | −0.070% | $637K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.919 | +0.044% | $542K | $2K | 3x | as long as short |
| Backpack LINK_USDC_PERP | +0.0116% | 1h | 12.923 | +0.075% | $339K | $388K | 15x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.937 | +0.184% | $5.3M | $15.7M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0388% | 1h | 12.909 | −0.030% | $4K | — | 20x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0395% | 1h | 12.920 | +0.055% | $6.7M | $8.1M | 50x | as long as short |
| Hyperliquid LINKshort | +0.0407% | 1h | 12.926 | +0.098% | $81.0M | $27.4M | 10x | |
| Phemex LINKUSDT | +0.0615% | 8h | 12.933 | +0.153% | $19.9M | $11.4M | 50x | as long as short |
| dYdX LINK-USD | +0.0727% | 1h | 12.907 | −0.051% | $342K | $30K | 10x | as long as short |
Nado LINK-PERP
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
Extended LINK-USD
Aevo LINK-PERP
Backpack LINK_USDC_PERP
BloFin LINK-USDT
Reya LINKRUSDPERP
Kraken Futures PF_LINKUSD
Phemex LINKUSDT
dYdX LINK-USD