S

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Extended against Hyperliquid−0.023%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.023%, 7d avg −0.108%

Together, before fees−0.017%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$2 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 0.085% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.03906	0.0100	pay 0.0013% / 1h	33m 23s	$986K	$911K	5x
Short	Extended S-USD	0.03905	0.0104	get 0.0013% / 1h	33m 23s	$219K	$883K	10x

Funding 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 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 HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0.84
Price spread: −0.023% → −0.108%: $8.47
Slippage, 4 orders: −$95.97
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$100.66
Costs to cover: 1.100%
Break-even: 845.9 days

Slippage from Hyperliquid: live order book, 17 min ago; Extended: live order book, 54 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, 17 min ago	1.40 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 54 min ago	3.79 bp	38.7 bp −$39	271.4 bp −$2,714	doesn't fit	doesn't fit

S on 25 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_SUSD	−0.1462%	1h	0.03903	−0.090%	$33K	$32K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.053%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1122%	4h	0.03894	−0.303%	$606K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0189% / S +0.0183%	1h	0.03910	+0.100%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03905	−0.028%	$4	—	15x	as long as short
Aster SUSDT	−0.0026%	4h	0.03910	+0.096%	$43K	$212K	10x	as long as short
Orderly PERP_S_USDC	−0.0017%	4h	0.03907	+0.020%	$101K	$339K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03910	+0.086%	$603	—	150x	as long as short
01 Exchange SUSD	+0.0008%	1h	0.03910	+0.097%	$24K	$3K	5x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.961%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03910	+0.097%	$164K	$240K	5x	as long as short
Hyperliquid Slong	+0.0100%	1h	0.03906	long leg	$986K	$911K	5x
Binance SUSDT	+0.0100%	4h	0.03906	0.000%	$5.3M	$23.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03900	−0.159%	$5.6M	$6.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03905	−0.031%	$972K	$7.4M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03903	−0.082%	$320K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03906	−0.005%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03905	−0.031%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03906	−0.005%	$1.2M	$3.0M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03905	−0.031%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+0.097%	$19K	$471K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.03905	−0.023%	$219K	$883K	10x
Deribit S_USDC-PERPETUAL	+0.0261%	1h	0.03913	+0.174%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03903	−0.082%	$269K	$177K	75x	as long as short
Backpack S_USDC_PERP	+0.0550%	1h	0.03910	+0.097%	$114K	$288K	5x	as long as short