Funding you earn now, next payment 22:00 UTC−0.0968%/8h= −106.0% APRnext payment −$1.21 per $10,000 · paid last 24h −0.563%
Price spread now: Hyperliquid against dYdX+0.027%7-day average +0.061% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2192.189% of the position
Funding, last 7 days−1.451%−$145 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.027%, 7d avg +0.061%
=Together, before fees−1.411%+ Points / potential airdropHyperliquid: Season 2 · farm board−$141 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Hyperliquid is 0.034% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.061%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ALGO-USD | 0.1116 | 0.1068 | pay 0.0133% / 1h | 51m 03s | $160K | $5K | 5x |
| Short | Hyperliquid ALGO | 0.1116 | 0.0100 | get 0.0013% / 1h | 51m 03s | $3.7M | $1.9M | 5x |
dYdX ALGO-USD
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- −$203.25
- Price spread: +0.027% → +0.061%
- −$3.42
- Slippage, 4 orders
- −$199.92
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$425.59
- Costs to cover
- 2.189%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 38 min ago; Hyperliquid: live order book, 10 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 dYdX live order book, 38 min ago | 90.64 bp | 95.6 bp −$96 | 95.6 bp −$956 | 97.0 bp −$9,704 | 1014.6 bp −$507.3K |
| Sell Hyperliquid live order book, 10 min ago | 0.44 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0915% | 1h | 0.1114 | −0.143% | $101K | $50K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1116 | +0.018% | $831 | $118K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0131% | 8h | 0.1112 | −0.314% | $11.2M | $12.3M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1121 | +0.448% | $62K | $339K | 50x | as long as short |
| Variational Omni ALGO | −0.0056% | 8h | 0.1115 | −0.063% | $65K | $10K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1115 | −0.034% | $6K | — | 150x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1115 | −0.108% | $836K | $1.2M | 50x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1116 | +0.027% | $3.7M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.067% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.179% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Kraken Futures PF_ALGOUSD
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.206% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.125% | $877K | $818K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.152% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | −0.143% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.072% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.188% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.117% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.108% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.198% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.125% | $492K | $798K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1115 | −0.034% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.1068% | 1h | 0.1116 | long leg | $160K | $5K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]