Funding you earn now, next payment 00:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.049%
Price spread now: Hyperliquid against Backpack+0.187%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.187% dearer against Backpack than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CC_USDC_PERP | 0.1176 | 0.0277 | pay 0.0035% / 1h | 35m 04s | $15K | $22K | 10x |
| Short | Hyperliquid CC | 0.1178 | 0.0690 | get 0.0086% / 1h | 35m 04s | $5.5M | $1.4M | 3x |
Backpack CC_USDC_PERP
Hyperliquid CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. 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
- $86.64
- Price spread: +0.187% → 0.000%
- $18.7
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $86.35
- Costs to cover
- 0.190%
- Break-even
- 0.0 days
Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 7 min ago. 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 0.85 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
Backpack: 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.
CC 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 CC/USDC PERP | −0.3320% | 1h | 0.1156 | −1.717% | $6K | $97 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1175 | −0.088% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1178 | +0.128% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1175 | −0.077% | $11.1M | $11.1M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1176 | 0.000% | $10.6M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1176 | +0.009% | $2.5M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1175 | −0.128% | $363K | $214K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1175 | −0.068% | $1.6M | $314K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1177 | +0.111% | $499K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1176 | −0.026% | $938K | $787K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1176 | −0.034% | — | $6.6M | — | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1175 | −0.063% | $587K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1179 | +0.221% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1176 | −0.041% | $6K | $36K | 6.7x | as long as short |
| Backpack CC_USDC_PERPlong | +0.0277% | 1h | 0.1176 | long leg | $15K | $22K | 10x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1175 | −0.085% | $588K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0446% / S −0.0241% | 1h | 0.1177 | +0.081% | $44K | — | 50x | as long as short |
| Hyperliquid CCshort | +0.0690% | 1h | 0.1178 | +0.187% | $5.5M | $1.4M | 3x | |
| Lighter CC | +0.1288% | 1h | 0.1181 | +0.391% | $236K | $153K | 5x | as long as short |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC