Funding you earn now, next payment 23:00 UTC+0.0726%/8h= +79.4% APRpaid last 24h +0.158%
Price spread now: Hyperliquid against OKX+0.198%7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days+0.263%+$26 on $10k
+Price spread, last 7 days−0.082%−$8 · spread now +0.198%, 7d avg +0.222%
=Together, before fees+0.181%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread +0.198% now, against its 7-day average of +0.222%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.263% in total) that is about 15 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.263% in total (about 13.7% 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 | OKX CFX-USDT-SWAP | 0.05342 | 0.0100 | pay 0.0100% / 8h | 1h 56m | $2.5M | $6.3M | 20x |
| Short | Hyperliquid CFX | 0.05353 | 0.0826 | get 0.0103% / 1h | 56m 50s | $3.2M | $408K | 5x |
OKX CFX-USDT-SWAP
Hyperliquid CFXFunding 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
- $152.36
- Price spread: +0.198% → +0.222%
- −$2.32
- Slippage, 4 orders
- −$53.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $77.67
- Costs to cover
- 0.724%
- Break-even
- 3.4 days
Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 4 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, 1 min ago | 0.94 bp | 13.8 bp −$14 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.65 bp | 15.8 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0010% | 8h | 0.05338 | −0.075% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05338 | −0.079% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05343 | +0.019% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05346 | +0.075% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAPlong | +0.0100% | 8h | 0.05342 | long leg | $2.5M | $6.3M | 20x | |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05343 | +0.019% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05338 | −0.075% | $884K | $297K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05338 | −0.075% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05341 | −0.019% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05334 | −0.153% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
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 | 0.05335 | −0.131% | $506K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05339 | −0.053% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0392% | 1h | 0.05366 | +0.449% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0826% | 1h | 0.05353 | +0.198% | $3.2M | $408K | 5x | |
| Kraken Futures PF_CFXUSD | +0.2046% | 1h | 0.05351 | +0.161% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2183% | 1h | 0.05357 | +0.281% | $141 | $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