Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Hyperliquid−0.109%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.109%, 7d avg −0.086%
=Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETH | 2,769.6 | 0.0100 | pay 0.0013% / 1h | 37m 03s | $3.19B | $2.38B | 25x |
| Short | Extended ETH-USD | 2,766.6 | 0.0104 | get 0.0013% / 1h | 37m 03s | $31.4M | $76.2M | 50x |
Hyperliquid ETH
Extended ETH-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
- $0.84
- Price spread: −0.109% → −0.086%
- −$2.3
- Slippage, 4 orders
- −$0.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$16.18
- Costs to cover
- 0.147%
- Break-even
- 141.8 days
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 2 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 | 0.18 bp | 4.7 bp −$5 | 4.7 bp −$47 | 5.2 bp −$516 | 5.4 bp −$2,677 |
| Sell Extended live order book, 2 min ago | 0.18 bp | 2.7 bp −$3 | 2.7 bp −$27 | 4.8 bp −$482 | 13.3 bp −$6,667 |
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0112% | 43m | 2,767.9 | −0.060% | $289K | $6.8M | 8.3x | as long as short |
| Injective ETH/USDC PERP | −0.0107% | 1h | 2,766.1 | −0.126% | $119K | $22.5M | 52x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,763.9 | −0.206% | $5K | $2K | 50x | as long as short |
| ApeX Omni ETHUSDT | −0.0072% | 1h | 2,765.2 | −0.157% | $10.4M | $30.9M | 100x | as long as short |
| 01 Exchange ETHUSD | −0.0064% | 1h | 2,767.8 | −0.065% | $172K | $1.2M | 50x | as long as short |
| Phoenix ETH | −0.0023% | 1h | 2,767.2 | −0.087% | $795K | $3.7M | 25x | as long as short |
| RISEx ETH/USDC | −0.0011% | 1h | 2,767.8 | −0.066% | $5.8M | $11.9M | 25x | as long as short |
| dYdX ETH-USD | 0.0000% | 1h | 2,768.8 | −0.029% | $12.7M | $45.5M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0006% / S −0.0006% | 1h | 2,768 | −0.059% | $22.4M | — | 200x | as long as short |
| BingX ETH-USDT | +0.0016% | 8h | 2,766.6 | −0.107% | — | $1.18B | — | as long as short |
Perpl ETH
Injective ETH/USDC PERP
Hotstuff ETH-PERP
ApeX Omni ETHUSDT
01 Exchange ETHUSD
Phoenix ETH
RISEx ETH/USDC
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
BingX ETH-USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETH-USDT-SWAP | +0.0022% | 8h | 2,766.3 | −0.118% | $1.70B | $11.83B | 100x | as long as short |
| Aftermath Perps ETHUSD | +0.0025% | 1h | 2,768.1 | −0.056% | $29K | $21K | 20x | as long as short |
| GMX ETH/USD [ETH-USDC] | L +0.0028% / S +0.0009% | 1h | 2,767.8 | −0.063% | $13.1M | — | 200x | as long as short |
| Phemex ETHUSDT | +0.0029% | 8h | 2,767 | −0.094% | $266.3M | $66.0M | 150x | as long as short |
| Aster ETHUSDT | +0.0038% | 8h | 2,766.8 | −0.101% | $255.8M | $995.3M | 200x | as long as short |
| MEXC ETH_USDT | +0.0045% | 8h | 2,766.7 | −0.104% | $1.62B | $2.65B | 500x | as long as short |
| Binance ETHUSDT | +0.0045% | 8h | 2,766.9 | −0.097% | $6.42B | $17.18B | 150x | as long as short |
| Deribit ETH-PERPETUAL | +0.0046% | 1h | 2,768.6 | −0.037% | $258.4M | $224.4M | 50x | as long as short |
| Aevo ETH-PERP | +0.0048% | 1h | 2,765.1 | −0.164% | $5.0M | $636K | 20x | as long as short |
| Gate ETH_USDT | +0.0063% | 8h | 2,766.8 | −0.101% | $3.28B | $9.60B | 200x | as long as short |
| Bitget ETHUSDT | +0.0074% | 8h | 2,766.7 | −0.105% | $2.09B | $3.13B | 150x | as long as short |
| Bullet ETH-USD | +0.0085% | 1h | 2,767 | −0.094% | $183K | $1.8M | 20x | as long as short |
| Variational Omni ETH | +0.0091% | 8h | 2,765.4 | −0.153% | $140.3M | $319.1M | — | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,767.2 | −0.088% | $115.2M | $511.2M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,768.6 | −0.036% | $25.3M | $122.0M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,768.4 | −0.045% | — | $41.7M | 500x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,767.8 | −0.066% | $15.9M | $10.9M | 50x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,767.8 | −0.065% | $481K | $2.7M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,767.5 | −0.075% | $14.8M | $116.7M | 50x | as long as short |
| Hyperliquid ETHlong | +0.0100% | 1h | 2,769.6 | long leg | $3.19B | $2.38B | 25x | |
| Pacifica ETH | +0.0100% | 1h | 2,768.1 | −0.054% | $31.2M | $285.6M | 50x | as long as short |
| Bybit ETHUSDT | +0.0100% | 8h | 2,766.6 | −0.107% | $2.50B | $4.64B | 150x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,767.4 | −0.079% | $2.8M | $16.5M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,769.6 | +0.001% | $2.7M | $17.5M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,765.5 | −0.147% | $164.9M | $254.7M | 25x | as long as short |
| KuCoin ETHUSDTM | +0.0100% | 8h | 2,767.1 | −0.090% | $424.4M | $741.8M | 100x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,767.2 | −0.087% | $15.3M | $42.4M | 50x | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,763.9 | −0.206% | $177.7M | $791.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,765.7 | −0.140% | $160.8M | $97.4M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,765.1 | −0.162% | $21.3M | $57.7M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,767.8 | −0.065% | — | $1.1M | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,768.7 | −0.032% | $10.8M | $7.8M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,768.5 | −0.042% | $21K | $25K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,769.5 | −0.003% | $42.6M | $29.2M | 15x | as long as short |
| SunX ETH-USDT | +0.0100% | 8h | 2,766.2 | −0.121% | $971K | $14.3M | 100x | as long as short |
| SoDEX ETH-USD | +0.0100% | 1h | 2,766.8 | −0.101% | $55.1M | $228.6M | 40x | as long as short |
| HTX ETH-USDT | +0.0100% | 8h | 2,766.6 | −0.109% | $1.08B | $1.32B | 200x | as long as short |
| Extended ETH-USDshort | +0.0104% | 1h | 2,766.6 | −0.109% | $31.4M | $76.2M | 50x | |
| Coinbase International ETH-PERP-INTX | +0.0104% | 1h | 2,768.3 | −0.049% | $60.2M | $4.62B | 50x | as long as short |
| Kalshi KXETHPERP | +0.0118% | 8h | 2,768.5 | −0.040% | $8.6M | $671.9M | 4.9x | as long as short |
| Orderly PERP_ETH_USDC | +0.0131% | 8h | 2,770 | +0.015% | $32.5M | $11.9M | 100x | as long as short |
| BloFin ETH-USDT | +0.0165% | 8h | 2,766.7 | −0.105% | $286.2M | $194.2M | 150x | as long as short |
| Reya ETHRUSDPERP | +0.0186% | 1h | 2,766.3 | −0.121% | $7.5M | $992K | 25x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0241% | 1h | 2,768 | −0.057% | $87.9M | $329.7M | 100x | as long as short |
| Hibachi ETH/USDT-P | +0.0416% | 1h | 2,767.6 | −0.073% | $272K | $1.5M | 20x | as long as short |
OKX ETH-USDT-SWAP
Aftermath Perps ETHUSD
GMX ETH/USD [ETH-USDC]
Phemex ETHUSDT
Aster ETHUSDT
MEXC ETH_USDT
Binance ETHUSDT
Deribit ETH-PERPETUAL
Aevo ETH-PERP
Gate ETH_USDT
Bitget ETHUSDT
Bullet ETH-USD
Variational Omni ETH
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Paradex ETH-USD-PERP
Katana Perps ETH-USD
Nado ETH-PERP
Pacifica ETH
Bybit ETHUSDT
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
KuCoin ETHUSDTM
Backpack ETH_USDC_PERP
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
SunX ETH-USDT
SoDEX ETH-USD
HTX ETH-USDT
Coinbase International ETH-PERP-INTX
Kalshi KXETHPERP
Orderly PERP_ETH_USDC
BloFin ETH-USDT
Reya ETHRUSDPERP
Kraken Futures PF_ETHUSD
Hibachi ETH/USDT-P