Funding you earn now, next payment 01:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Extended against Hyperliquid−0.099%7-day average −0.216% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)−0.184%−$18 · spread now −0.099%, 7d avg −0.216%
=Together, before fees−0.259%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.117% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.216%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETHFI | 0.7241 | 0.0100 | pay 0.0013% / 1h | 13m 46s | $18.2M | $8.6M | 5x |
| Short | Extended ETHFI-USD | 0.7234 | 0.0080 | get 0.0010% / 1h | 13m 46s | $100K | $392K | 10x |
Hyperliquid ETHFI
Extended ETHFI-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
- −$4.2
- Price spread: −0.099% → −0.216%
- $11.67
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$6.53
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Extended: live order book, 59 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 Hyperliquid live order book, 9 min ago | 0.97 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 59 min ago | 2.10 bp | 16.1 bp −$16 | 127.1 bp −$1,271 | doesn't fit | doesn't fit |
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 | −0.0770% | 4h | 0.7214 | −0.369% | $84K | $159K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0441% | 1h | 0.7235 | −0.079% | $41K | $13K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0206% | 4h | 0.7232 | −0.120% | $17K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0016% | 4h | 0.7191 | −0.681% | $1.0M | $717K | — | as long as short |
| Paradex ETHFI-USD-PERP | +0.0008% | 8h | 0.7232 | −0.118% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | −0.010% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0076% | 4h | 0.7233 | −0.106% | $15.4M | $3.9M | 125x | as long as short |
| Extended ETHFI-USDshort | +0.0080% | 1h | 0.7234 | −0.099% | $100K | $392K | 10x | |
| Binance ETHFIUSDT | +0.0081% | 4h | 0.7233 | −0.106% | $25.3M | $36.5M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7242 | +0.021% | $1.1M | $894K | 5x | as long as short |
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
MEXC ETHFI_USDT
Binance ETHFIUSDT
Lighter ETHFIShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7235 | −0.079% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFIlong | +0.0100% | 1h | 0.7241 | long leg | $18.2M | $8.6M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7235 | −0.079% | $185K | $256K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7238 | −0.037% | $18.3M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7241 | +0.004% | $5.0M | $12.4M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7234 | −0.093% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7235 | −0.079% | $1.2M | $264K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7237 | −0.051% | $6.2M | $5.5M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7236 | −0.065% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7226 | −0.203% | $71K | $116K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7222 | −0.258% | $1K | $1.1M | 20x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0168% | 1h | 0.7237 | −0.051% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0218% | 1h | 0.7240 | −0.009% | $275K | $167K | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0288% | 4h | 0.7206 | −0.479% | $1.3M | $273K | 75x | as long as short |
Aevo ETHFI-PERP
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD
BloFin ETHFI-USDT