Funding you earn now, next payment 02:00 UTC−0.0764%/8h= −83.7% APRpaid last 24h −0.164%
Price spread now: OKX against Hyperliquid−0.376%7-day average −0.226% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.297%−$30 on $10k
+Price spread, last 7 days+0.219%+$22 · spread now −0.376%, 7d avg −0.226%
=Together, before fees−0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and OKX is 0.150% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.226%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.297% in total (about -15.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CFX | 0.05399 | 0.0864 | pay 0.0108% / 1h | 10m 23s | $3.2M | $365K | 5x |
| Short | OKX CFX-USDT-SWAP | 0.05379 | 0.0100 | get 0.0100% / 8h | 6h 10m | $2.5M | $5.8M | 20x |
Hyperliquid CFX
OKX CFX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Hyperliquid. 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
- −$160.45
- Price spread: −0.376% → −0.226%
- −$14.96
- Slippage, 4 orders
- −$51.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$245.6
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago | 1.85 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.78 bp | 15.9 bp −$16 | 67.3 bp −$673 | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05388 | −0.205% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05384 | −0.291% | $5.4M | $10.5M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05388 | −0.209% | $2.4M | $1.5M | 25x | as long as short |
| OKX CFX-USDT-SWAPshort | +0.0100% | 8h | 0.05379 | −0.376% | $2.5M | $5.8M | 20x | |
| Gate CFX_USDT | +0.0100% | 8h | 0.05388 | −0.209% | $1.1M | $2.6M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05387 | −0.228% | $3.1M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05390 | −0.172% | $883K | $285K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05380 | −0.357% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05386 | −0.246% | — | $20.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05398 | −0.032% | $42K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05390 | −0.172% | $511K | $1.7M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05382 | −0.327% | $1K | $265K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0408% | 1h | 0.05394 | −0.098% | $44K | $125K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0864% | 1h | 0.05399 | long leg | $3.2M | $365K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1213% | 1h | 0.05388 | −0.214% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2908% | 1h | 0.05400 | +0.013% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL