Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.126%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.126%, 7d avg +0.098%
=Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Hyperliquid is 0.028% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ALGO-USDT-SWAP | 0.1114 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $2.9M | $7.4M | 50x |
| Short | Hyperliquid ALGO | 0.1115 | 0.0100 | get 0.0013% / 1h | 40m 46s | $3.7M | $1.9M | 5x |
OKX ALGO-USDT-SWAP
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $0
- Price spread: +0.126% → +0.098%
- $2.82
- Slippage, 4 orders
- −$38.13
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$54.31
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 1 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 OKX live order book, 2 min ago | 0.45 bp | 13.6 bp −$14 | 52.2 bp −$522 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 0.45 bp | 13.5 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0568% | 1h | 0.1116 | +0.172% | $830K | $1.1M | 50x | as long as short |
| Variational Omni ALGO | −0.0134% | 8h | 0.1113 | −0.029% | $61K | $11K | — | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0109% | 1h | 0.1115 | +0.108% | $101K | $50K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0104% | 1h | 0.1115 | +0.162% | $67K | $275K | 50x | as long as short |
| Bybit ALGOUSDT | −0.0075% | 8h | 0.1113 | −0.063% | $11.2M | $11.8M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1115 | +0.117% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.575% | $834 | $233K | 12x | as long as short |
| MEXC ALGO_USDT | +0.0085% | 8h | 0.1113 | −0.045% | $22.8M | $2.9M | 200x | as long as short |
| Binance ALGOUSDT | +0.0086% | 8h | 0.1114 | +0.009% | $9.9M | $33.9M | 75x | as long as short |
| Extended ALGO-USD | +0.0088% | 1h | 0.1114 | +0.078% | $4K | $255K | 10x | as long as short |
Kraken Futures PF_ALGOUSD
Variational Omni ALGO
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
MEXC ALGO_USDT
Binance ALGOUSDT
Extended ALGO-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1115 | +0.126% | $3.7M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | +0.103% | $44K | $38K | 5x | as long as short |
| OKX ALGO-USDT-SWAPlong | +0.0100% | 8h | 0.1114 | long leg | $2.9M | $7.4M | 50x | |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | +0.081% | $877K | $811K | 50x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1114 | +0.009% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.036% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.045% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1114 | +0.063% | $66K | $105K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.395% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0206% | 8h | 0.1115 | +0.126% | $490K | $768K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0351% | 1h | 0.1115 | +0.126% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1012% | 1h | 0.1114 | +0.046% | $160K | $3K | 5x | as long as short |
Aster ALGOUSDT
Gate ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD