Funding you earn now, next payment 07:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.025%
Price spread now: Extended against Hyperliquid−0.167%7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$870.874% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.167%, 7d avg −0.204%
=Together, before fees−0.199%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.037% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.167% now, against its 7-day average of −0.204%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.5149 | 0.0181 | pay 0.0023% / 1h | 35m 10s | $10.4M | $8.3M | 5x |
| Short | Extended SPX-USD | 0.5140 | 0.0104 | get 0.0013% / 1h | 35m 10s | $34K | $240K | 10x |
Hyperliquid SPX
Extended SPX-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
- −$16.11
- Price spread: −0.167% → −0.204%
- $3.69
- Slippage, 4 orders
- −$73.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$99.84
- Costs to cover
- 0.874%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 7 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, 7 min ago | 1.26 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 7 min ago | 3.68 bp | 29.7 bp −$30 | 208.3 bp −$2,083 | doesn't fit | doesn't fit |
SPX on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −3.300% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.5149 | −0.008% | $141K | $405K | 5x | as long as short |
| Aster SPXUSDT | +0.0100% | 4h | 0.5146 | −0.048% | $137K | $93K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.5145 | −0.076% | $5.2M | $23.7M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.5138 | −0.212% | $11.8M | $17.6M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.5135 | −0.270% | $973K | $3.4M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.5142 | −0.134% | $1.0M | $642K | 50x | as long as short |
| MEXC SPX_USDT | +0.0100% | 4h | 0.5144 | −0.095% | $11.9M | $5.3M | 100x | as long as short |
| KuCoin SPXUSDTM | +0.0100% | 4h | 0.5142 | −0.134% | $3.7M | $5.4M | 50x | as long as short |
| Bitget SPXUSDT | +0.0100% | 4h | 0.5146 | −0.056% | $2.6M | $1.5M | 50x | as long as short |
Injective SPX/USDC PERP
Lighter SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDT
MEXC SPX_USDT
KuCoin SPXUSDTM
Bitget SPXUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SPX-USDT | +0.0100% | 4h | 0.5144 | −0.095% | — | $7.0M | — | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5133 | −0.307% | $957K | $1.5M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5157 | +0.157% | $26K | $254K | 25x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.5135 | −0.270% | $8K | $1.8M | 20x | as long as short |
| Extended SPX-USDshort | +0.0104% | 1h | 0.5140 | −0.167% | $34K | $240K | 10x | |
| Orderly PERP_SPX_USDC | +0.0180% | 4h | 0.5152 | +0.060% | $20K | $599 | 10x | as long as short |
| Hyperliquid SPXlong | +0.0181% | 1h | 0.5149 | long leg | $10.4M | $8.3M | 5x | |
| BloFin SPX-USDT | +0.0340% | 4h | 0.5151 | +0.041% | $258K | $1.0M | 75x | as long as short |
| Kraken Futures PF_SPXUSD | +0.1606% | 1h | 0.5156 | +0.138% | $255K | $555K | 20x | as long as short |
BingX SPX-USDT
Variational Omni SPX
ApeX Omni SPXUSDT
SunX SPX-USDT
Orderly PERP_SPX_USDC
BloFin SPX-USDT
Kraken Futures PF_SPXUSD