Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Hyperliquid−0.130%7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1221.223% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.130%, 7d avg −0.171%
=Together, before fees−0.133%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$13 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 0.042% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.171%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LAYER | 0.07588 | 0.0100 | pay 0.0013% / 1h | 39m 57s | $584K | $162K | 3x |
| Short | Extended LAYER-USD | 0.07578 | 0.0104 | get 0.0013% / 1h | 39m 57s | $2K | $174K | 5x |
Hyperliquid LAYER
Extended LAYER-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: −0.130% → −0.171%
- $4.18
- Slippage, 4 orders
- −$108.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$117.25
- Costs to cover
- 1.223%
- Break-even
- 984.1 days
Slippage from Hyperliquid: live order book, 44 min ago; Extended: live order book, 46 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, 44 min ago | 0.92 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 46 min ago | 4.34 bp | 30.4 bp −$30 | 246.9 bp −$2,469 | doesn't fit | doesn't fit |
LAYER on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_LAYERUSD | −0.0468% | 1h | 0.07580 | −0.108% | $8K | $964 | 10x | as long as short |
| Injective LAYER/USDC PERP | +0.0033% | 1h | 0.07274 | −4.136% | — | $18K | 5.5x | as long as short |
| Hyperliquid LAYERlong | +0.0100% | 1h | 0.07588 | long leg | $584K | $162K | 3x | |
| Aster LAYERUSDT | +0.0100% | 4h | 0.07575 | −0.163% | $9K | $2K | 5x | as long as short |
| Binance LAYERUSDT | +0.0100% | 4h | 0.07579 | −0.116% | $2.0M | $2.3M | 50x | as long as short |
| OKX LAYER-USDT-SWAP | +0.0100% | 4h | 0.07578 | −0.129% | $698K | $641K | 20x | as long as short |
| Gate LAYER_USDT | +0.0100% | 4h | 0.07573 | −0.195% | $135K | $54K | 20x | as long as short |
| MEXC LAYER_USDT | +0.0100% | 4h | 0.07579 | −0.116% | $349K | $114K | 20x | as long as short |
| Bitget LAYERUSDT | +0.0100% | 4h | 0.07579 | −0.116% | $1.1M | $161K | 50x | as long as short |
| ApeX Omni LAYERUSDT | +0.0100% | 1h | 0.07570 | −0.235% | $25K | $187K | 50x | as long as short |
Kraken Futures PF_LAYERUSD
Injective LAYER/USDC PERP
Aster LAYERUSDT
Binance LAYERUSDT
OKX LAYER-USDT-SWAP
Gate LAYER_USDT
MEXC LAYER_USDT
Bitget LAYERUSDT
ApeX Omni LAYERUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin LAYER-USDT | +0.0102% | 4h | 0.07571 | −0.221% | $113K | $12K | 50x | as long as short |
| Extended LAYER-USDshort | +0.0104% | 1h | 0.07578 | −0.130% | $2K | $174K | 5x | |
| BingX LAYER-USDT | +0.0142% | 4h | 0.07583 | −0.063% | — | $1.6M | — | as long as short |
BloFin LAYER-USDT
BingX LAYER-USDT