Funding you earn now, next payment 02:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.019%
Price spread now: Hyperliquid against Coinbase International−0.231%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.231%, 7d avg +0.042%
=Together, before fees−0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.272% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of +0.042%). If the spread goes back, that is −$27 on $10k: about 32 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International WLD-PERP-INTX | 0.4640 | 0.0480 | pay 0.0060% / 1h | 38m 42s | $276K | $1.7M | 50x |
| Short | Hyperliquid WLD | 0.4629 | 0.0508 | get 0.0064% / 1h | 38m 42s | $51.5M | $42.9M | 10x |
Coinbase International WLD-PERP-INTX
Hyperliquid WLDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.91
- Price spread: −0.231% → +0.042%
- −$27.21
- Slippage, 4 orders
- −$35.11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$75.41
- Costs to cover
- 0.541%
- Break-even
- 96.3 days
Slippage from Coinbase International: live order book, 5 min ago; Hyperliquid: live order book, 5 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 Coinbase International live order book, 5 min ago | 10.73 bp | 19.9 bp −$20 | 30.5 bp −$305 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.97 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0138% | 8h | 0.4630 | −0.216% | $58K | $4.5M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0039% | 8h | 0.4615 | −0.539% | $7.1M | $11.6M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4619 | −0.450% | $164K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4617 | −0.496% | $119K | $923K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4616 | −0.522% | $55K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0054% | 1h | 0.4622 | −0.399% | $267K | $187K | 5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0072% | 8h | 0.4616 | −0.517% | $28K | $893K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4619 | −0.448% | $176K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4622 | −0.380% | $48K | $511K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4622 | −0.388% | $87.8M | $324.9M | 75x | as long as short |
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4621 | −0.409% | $66.0M | $87.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4621 | −0.409% | $34.9M | $148.7M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4617 | −0.496% | $7.2M | $36.8M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4623 | −0.366% | $45.5M | $54.3M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4622 | −0.388% | $30.6M | $29.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4619 | −0.453% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4616 | −0.515% | $137K | $288K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4632 | −0.181% | $2.1M | $1.8M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4631 | −0.199% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4659 | +0.401% | $617K | $1.8M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4646 | +0.129% | $51K | $236K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4619 | −0.448% | $54K | $2.0M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4620 | −0.431% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4614 | −0.560% | $289 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4615 | −0.539% | $843K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4616 | −0.517% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4615 | −0.534% | $213K | $927K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4616 | −0.517% | $31K | $600 | 3x | as long as short |
| 01 Exchange WLDUSD | +0.0120% | 1h | 0.4619 | −0.450% | $330 | $80 | 5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4619 | −0.459% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0172% | 1h | 0.4639 | −0.013% | $5K | $57K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4613 | −0.582% | $5.0M | $800K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4615 | −0.548% | $5K | — | 100x | as long as short |
| Lighter WLD | +0.0288% | 1h | 0.4629 | −0.239% | $5.0M | $2.3M | 10x | as long as short |
| Coinbase International WLD-PERP-INTXlong | +0.0480% | 1h | 0.4640 | long leg | $276K | $1.7M | 50x | |
| Hyperliquid WLDshort | +0.0508% | 1h | 0.4629 | −0.231% | $51.5M | $42.9M | 10x | |
| Injective WLD/USDC PERP | +0.0677% | 1h | 0.4650 | +0.216% | $6K | $185K | 5.5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0897% | 1h | 0.4617 | −0.496% | $899K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
01 Exchange WLDUSD
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Lighter WLD
Injective WLD/USDC PERP
Kraken Futures PF_WLDUSD