S

Alert

Funding spread now, next payment 15:00 UTC+1.3855%/8h

next payment, per $10,000+$17.32paid, last 24h+2.213%paid, last 3 days+3.218%to open and closeno order book

Long on 01 Exchange Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 3 days it paid 3.218% in total (about 391.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.32 per $10,000. 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	01 Exchange SUSD	0.03730	−1.3760	get 0.1720% / 1h	53m 00s	$22K	$3K	5x
Short	Hyperliquid S	0.03855	0.0095	get 0.0012% / 1h	53m 00s	$1.0M	$1.5M	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee HyperliquidbpOrdersRate

Funding earned: $2,909.48
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $2,893.48
Break-even: 0.0 days

Slippage unknown: 01 Exchange: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +3.359%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	2.56 bp	15.6 bp −$16	doesn't fit	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange SUSDlong	−1.3760%	1h	$22K	$3K	5x
Coinbase International S-PERP-INTX	−0.2344%	1h	$47K	$13K	25x	as long as short
Kraken Futures PF_SUSD	−0.1691%	1h	$33K	$48K	10x	as long as short
Variational Omni S	−0.1349%	4h	$606K	$130K	—	as long as short
Aster SUSDT	−0.0488%	4h	$50K	$254K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0356% / S +0.0330%	1h	$1K	—	100x	as long as short
Orderly PERP_S_USDC	−0.0270%	4h	$102K	$338K	10x	as long as short
Bybit SUSDT	−0.0175%	4h	$5.5M	$9.6M	50x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Deribit S_USDC-PERPETUAL	−0.0009%	1h	$65K	$12K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$593	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$193K	12x	as long as short
OKX S-USDT-SWAP	+0.0053%	4h	$1.0M	$12.5M	20x	as long as short
KuCoin SUSDTM	+0.0072%	4h	$1.8M	$4.0M	50x	as long as short
Hyperliquid Sshort	+0.0095%	1h	$1.0M	$1.5M	5x
Lighter S	+0.0096%	1h	$166K	$328K	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.2M	$40.8M	75x	as long as short
Gate S_USDT	+0.0100%	4h	$323K	$402K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.5M	$3.5M	200x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	$112K	$191K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$22K	$515K	50x	as long as short
Extended S-USD	+0.0104%	1h	$216K	$949K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$279K	$226K	75x	as long as short