ETH funding arbitrage: hyperliquid vs phoenix
Long ETH on hyperliquid against short ETH on phoenix.
| Side | Exchange | Symbol | Funding | Funding APR | 24h volume | Open interest |
|---|---|---|---|---|---|---|
| Long | hyperliquid | ETH | 0.0013% / 1h | +10.95% | $1.04B | $2.14B |
| Short | phoenix | ETH | 0.0020% / 1h | +17.94% | $1.34M | $2.82M |
Funding spread +6.99% APR. Price spread +0.0484%.
Data generated at 2026-09-01T05:32:39Z. Live numbers load on this page automatically.