Funding you earn now, next payment 02:00 UTC+0.0251%/8h= +27.5% APRnext payment +$0.31 per $10,000 · paid last 24h +0.023%
Price spread now: Hyperliquid against Extended+0.292%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.292%, 7d avg +0.109%
=Together, before fees−0.149%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.183% dearer against Extended than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.109%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 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 | Extended STX-USD | 0.3376 | 0.0104 | pay 0.0013% / 1h | 26m 19s | $181K | $615K | 10x |
| Short | Hyperliquid STX | 0.3386 | 0.0355 | get 0.0044% / 1h | 26m 19s | $1.5M | $776K | 5x |
Extended STX-USD
Hyperliquid STXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- $52.66
- Price spread: +0.292% → +0.109%
- $18.28
- Slippage, 4 orders
- −$61.97
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.02
- Costs to cover
- 0.760%
- Break-even
- 7.7 days
Slippage from Extended: live order book, 41 min ago; Hyperliquid: live order book, 4 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 Extended live order book, 41 min ago | 4.69 bp | 21.1 bp −$21 | 156.4 bp −$1,564 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 3.27 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
STX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1121% | 1h | 0.3365 | −0.317% | $69K | $119K | 20x | as long as short |
| Variational Omni STX | −0.0340% | 8h | 0.3376 | −0.006% | $773K | $294K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3381 | +0.147% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +2.572% | $4K | $264K | 12x | as long as short |
| Bitget STXUSDT | +0.0056% | 8h | 0.3380 | +0.114% | $4.6M | $2.0M | 50x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3374 | −0.063% | $127K | $59K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3381 | +0.143% | $7.8M | $18.5M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3376 | −0.005% | $8.6M | $6.8M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3382 | +0.173% | $2.3M | $5.6M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3373 | −0.094% | $590K | $342K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Bitget STXUSDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3380 | +0.114% | $6.1M | $1.2M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3378 | +0.055% | $2.4M | $1.7M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3379 | +0.084% | — | $13.6M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3354 | −0.656% | $49K | $688K | 50x | as long as short |
| Extended STX-USDlong | +0.0104% | 1h | 0.3376 | long leg | $181K | $615K | 10x | |
| GMX STX/USD [WBTC.b-USDC] | L +0.0188% / S −0.0263% | 1h | 0.3382 | +0.159% | $4K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0355% | 1h | 0.3386 | +0.292% | $1.5M | $776K | 5x |
MEXC STX_USDT
KuCoin STXUSDTM
BingX STX-USDT
ApeX Omni STXUSDT
GMX STX/USD [WBTC.b-USDC]