ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.059%

Price spread now: Hyperliquid against Coinbase International+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Hyperliquid is 0.073% dearer against Coinbase International than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETHFI-PERP-INTX	0.7245	0.0168	pay 0.0021% / 1h	13m 09s	$32K	$6K	50x
Short	Hyperliquid ETHFI	0.7250	0.0100	get 0.0013% / 1h	13m 09s	$18.2M	$8.6M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$14.28
Price spread: +0.073% → 0.000%: $7.32
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$25.96
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Hyperliquid: live order book, 10 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 10 min ago	0.97 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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.

ETHFI on 24 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
HTX ETHFI-USDT	−0.0773%	4h	0.7221	−0.331%	$84K	$159K	20x	as long as short
Deribit ETHFI_USDC-PERPETUAL	−0.0302%	1h	0.7242	−0.041%	$41K	$13K	10x	as long as short
Orderly PERP_ETHFI_USDC	−0.0207%	4h	0.7239	−0.083%	$17K	$1K	10x	as long as short
Variational Omni ETHFI	−0.0016%	4h	0.7191	−0.740%	$1.0M	$717K	—	as long as short
Paradex ETHFI-USD-PERP	+0.0008%	8h	0.7232	−0.177%	$6K	—	5x	as long as short
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	−0.069%	$321	$51K	5.5x	as long as short
MEXC ETHFI_USDT	+0.0076%	4h	0.7239	−0.083%	$15.4M	$3.9M	125x	as long as short
Extended ETHFI-USD	+0.0080%	1h	0.7240	−0.063%	$101K	$388K	10x	as long as short
Binance ETHFIUSDT	+0.0081%	4h	0.7238	−0.092%	$25.3M	$36.5M	75x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7249	+0.061%	$1.1M	$894K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ETHFI-PERP	+0.0096%	1h	0.7239	−0.083%	$9K	—	3x	as long as short
Hyperliquid ETHFIshort	+0.0100%	1h	0.7250	+0.073%	$18.2M	$8.6M	5x
Aster ETHFIUSDT	+0.0100%	4h	0.7245	+0.003%	$185K	$256K	10x	as long as short
Bybit ETHFIUSDT	+0.0100%	4h	0.7242	−0.041%	$18.3M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7246	+0.014%	$5.0M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7246	+0.014%	$1.7M	$2.0M	75x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7240	−0.069%	$1.2M	$264K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7239	−0.083%	$6.2M	$5.5M	75x	as long as short
BingX ETHFI-USDT	+0.0100%	4h	0.7241	−0.055%	—	$26.1M	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7245	−0.003%	$72K	$116K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7247	+0.028%	$1K	$1.1M	20x	as long as short
Coinbase International ETHFI-PERP-INTXlong	+0.0168%	1h	0.7245	long leg	$32K	$6K	50x
Kraken Futures PF_ETHFIUSD	+0.0218%	1h	0.7247	+0.031%	$275K	$167K	20x	as long as short
BloFin ETHFI-USDT	+0.0321%	4h	0.7226	−0.262%	$1.3M	$274K	75x	as long as short