Funding you earn now, next payment 05:00 UTC−0.5668%/8h= −620.6% APRnext payment −$7.09 per $10,000 · paid last 24h −2.200%
Price spread now: 01 Exchange against Hyperliquid−2.873%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$170 a day on $10k at the current rate, and 01 Exchange is 2.873% cheaper against Hyperliquid than usual: you would sell low and buy high (−$287 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03954 | 0.0100 | pay 0.0013% / 1h | 2m 24s | $995K | $595K | 5x |
| Short | 01 Exchange SUSD | 0.03840 | −0.5568 | pay 0.0696% / 1h | 2m 24s | $24K | $2K | 5x |
Hyperliquid S
01 Exchange SUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange 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
- −$1,190.28
- Price spread: −2.873% → 0.000%
- −$287.33
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$1,493.61
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 48 min ago; 01 Exchange: no order-book sample. Net counts fees only.
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, 48 min ago | 2.13 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSDshort | −0.5568% | 1h | 0.03840 | −2.873% | $24K | $2K | 5x | |
| Kraken Futures PF_SUSD | −0.2255% | 1h | 0.03950 | −0.093% | $33K | $13K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1344% | 1h | 0.03927 | −0.673% | $48K | $16K | 25x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.03956 | +0.066% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03952 | −0.031% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0043% | 4h | 0.03948 | −0.146% | $613K | $29K | — | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03955 | +0.039% | $610 | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +3.703% | $2K | $37K | 12x | as long as short |
| Orderly PERP_S_USDC | +0.0083% | 4h | 0.03959 | +0.137% | $98K | $297K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03955 | +0.035% | $167K | $159K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
gTrade (Gains Network) S/USD
Injective S/USDC PERP
Orderly PERP_S_USDC
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Slong | +0.0100% | 1h | 0.03954 | long leg | $995K | $595K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.03958 | +0.118% | $46K | $142K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03952 | −0.040% | $5.5M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03946 | −0.192% | $5.6M | $4.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03947 | −0.167% | $980K | $3.8M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03948 | −0.142% | $321K | $191K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03951 | −0.066% | $3.6M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03951 | −0.066% | $1.8M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03951 | −0.066% | $1.2M | $2.3M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03951 | −0.066% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03960 | +0.162% | $22K | $462K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03946 | −0.187% | $224K | $593K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03950 | −0.091% | $271K | $101K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0508% | 1h | 0.03962 | +0.212% | $67K | $10K | 10x | as long as short |
| Backpack S_USDC_PERP | +0.1301% | 1h | 0.03960 | +0.162% | $115K | $424K | 5x | as long as short |
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP