Settings8H · net · $10k
Funding arb · Price arb /

NOT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Hyperliquid against Extended+0.154%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.154% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended kNOT-USD0.00050320.0104pay 0.0013% / 1h49m 50s$4K$4915x
ShortHyperliquid NOT0.00050400.0100get 0.0013% / 1h49m 50s$358K$57K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Extended. 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

Funding earned
−$0.84
Price spread: +0.154% → 0.000%
$15.42
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$0.58
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; Hyperliquid: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Hyperliquid live order book, 40 min ago9.83 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit
Extended: 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.

NOT on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni NOT−0.0430%4h0.0005024−0.171%$71K$39Kas long as short
KuCoin NOTUSDTM−0.0258%4h0.0005024−0.164%$463K$127K50xas long as short
Injective NOT/USDC PERP+0.0033%1h0.0004874−3.145%$1K$13K5.5xas long as short
Lighter 1000NOT+0.0096%1h0.0005044+0.234%$11K$4K3xas long as short
Hyperliquid NOTshort+0.0100%1h0.0005040+0.154%$358K$57K3x
Aster NOTUSDT+0.0100%4h0.0005033+0.013%$14K$9K5xas long as short
Binance NOTUSDT+0.0100%4h0.0005034+0.027%$2.1M$3.0M50xas long as short
Bybit NOTUSDT+0.0100%4h0.0005025−0.144%$2.1M$848K25xas long as short
OKX NOT-USDT-SWAP+0.0100%4h0.0005029−0.064%$628K$647K20xas long as short
Gate NOT_USDT+0.0100%4h0.0005040+0.154%$143K$68K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC NOT_USDT+0.0100%4h0.0005030−0.045%$1.3M$422K200xas long as short
Bitget NOTUSDT+0.0100%4h0.0005034+0.035%$668K$412K50xas long as short
BingX NOT-USDC+0.0100%4h0.0005031−0.025%$725Kas long as short
Extended kNOT-USDlong+0.0104%1h0.0005032long leg$4K$4915x
BloFin NOT-USDT+0.0120%4h0.0005031−0.025%$111K$16K50xas long as short
Kraken Futures PF_NOTUSD+0.1715%1h0.0005035+0.059%$49K$9K10xas long as short