Funding you earn now, next payment 02:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h +0.019%
Price spread now: Coinbase International against Hyperliquid+0.035%7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$610.605% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.351%+$35 · spread now +0.035%, 7d avg −0.042%
=Together, before fees+0.337%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.076% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.042%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.014% in total) that is about 39 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4629 | 0.0499 | pay 0.0062% / 1h | 35m 32s | $51.5M | $42.9M | 10x |
| Short | Coinbase International WLD-PERP-INTX | 0.4631 | 0.0480 | get 0.0060% / 1h | 35m 32s | $276K | $1.7M | 50x |
Hyperliquid WLD
Coinbase International WLD-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$4.02
- Price spread: +0.035% → −0.042%
- $7.61
- Slippage, 4 orders
- −$41.52
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$56.93
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Coinbase International: live order book, 3 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, 8 min ago | 0.97 bp | 9.2 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 7.57 bp | 24.5 bp −$24 | 29.3 bp −$293 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0135% | 8h | 0.4631 | +0.035% | $58K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0038% | 8h | 0.4624 | −0.117% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4635 | +0.123% | $165K | $26K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4632 | +0.056% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0028% | 1h | 0.4639 | +0.207% | $268K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0072% | 8h | 0.4634 | +0.099% | $28K | $893K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4624 | −0.119% | $176K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4635 | +0.116% | $49K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4640 | +0.222% | $88.1M | $324.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4641 | +0.251% | $66.3M | $87.9M | 50x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4643 | +0.294% | $35.0M | $149.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4637 | +0.164% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4641 | +0.251% | $45.8M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4644 | +0.315% | $30.7M | $29.5M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4639 | +0.207% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4632 | +0.056% | $137K | $288K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4633 | +0.069% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4621 | −0.191% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4619 | −0.225% | $607K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4623 | −0.138% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4643 | +0.298% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4640 | +0.229% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4635 | +0.121% | $293 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4634 | +0.099% | $846K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4636 | +0.143% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4639 | +0.212% | $213K | $927K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0104% | 1h | 0.4642 | +0.279% | $332 | $80 | 5x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4635 | +0.124% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4643 | +0.287% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4639 | +0.216% | $5K | $57K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0181% | 1h | 0.4637 | +0.164% | $120K | $923K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4622 | −0.160% | $5.0M | $801K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4632 | +0.046% | $5K | — | 100x | as long as short |
| Lighter WLD | +0.0232% | 1h | 0.4638 | +0.177% | $5.0M | $2.3M | 10x | as long as short |
| Coinbase International WLD-PERP-INTXshort | +0.0480% | 1h | 0.4631 | +0.035% | $276K | $1.7M | 50x | |
| Hyperliquid WLDlong | +0.0499% | 1h | 0.4629 | long leg | $51.5M | $42.9M | 10x | |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4616 | −0.289% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0893% | 1h | 0.4636 | +0.148% | $901K | $2.9M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
01 Exchange WLDUSD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Lighter WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD