Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.035%
Price spread now: Hyperliquid against dYdX+0.104%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$2072.072% of the position
Funding, last 7 days+0.094%+$9 on $10k
+Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.104%, 7d avg −0.002%
=Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.106% dearer against dYdX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX DOT-USD | 1.2114 | 0 | get 0.0000% / 1h | 37m 39s | $146K | $6K | 10x |
| Short | Hyperliquid DOT | 1.2127 | 0.0100 | get 0.0013% / 1h | 37m 39s | $5.4M | $3.4M | 10x |
dYdX DOT-USD
Hyperliquid DOTFunding 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
- $21
- Price spread: +0.104% → −0.002%
- $10.57
- Slippage, 4 orders
- −$188.19
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$175.61
- Costs to cover
- 2.072%
- Break-even
- 65.5 days
Slippage from dYdX: live order book, 41 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 dYdX live order book, 41 min ago | 82.44 bp | 102.8 bp −$103 | 118.7 bp −$1,187 | 120.2 bp −$12.0K | 223.6 bp −$111.8K |
| Sell Hyperliquid live order book, 4 min ago | 1.65 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
DOT on 29 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 DOT_USDC-PERPETUAL | −0.1233% | 1h | 1.2120 | +0.049% | $221K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2113 | −0.010% | $262 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0056% | 1h | 1.2120 | +0.049% | $208K | $1.8M | 50x | as long as short |
| dYdX DOT-USDlong | 0.0000% | 1h | 1.2114 | long leg | $146K | $6K | 10x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2116 | +0.016% | $5K | — | 150x | as long as short |
| OKX DOT-USDT-SWAP | +0.0010% | 8h | 1.2112 | −0.017% | $9.6M | $24.2M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | +0.0032% | 1h | 1.2123 | +0.077% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | −0.776% | $328 | $121K | 12x | as long as short |
| KuCoin DOTUSDTM | +0.0049% | 8h | 1.2116 | +0.016% | $6.7M | $8.9M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2120 | +0.048% | $247K | $605K | 10x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
gTrade (Gains Network) DOT/USD
OKX DOT-USDT-SWAP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOTshort | +0.0100% | 1h | 1.2127 | +0.104% | $5.4M | $3.4M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.2117 | +0.028% | $882K | $690K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2118 | +0.033% | $44.9M | $82.6M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2112 | −0.017% | $24.9M | $18.5M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2120 | +0.049% | $6.8M | $11.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2116 | +0.016% | $31.5M | $39.6M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2120 | +0.049% | $23.2M | $14.8M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2112 | −0.017% | — | $28.6M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2117 | +0.024% | $97K | $130K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2089 | −0.207% | $550K | $61K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2117 | +0.025% | $35K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2093 | −0.172% | $234K | $457K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2110 | −0.034% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2142 | +0.231% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2095 | −0.157% | $250K | $220K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2108 | −0.046% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2122 | +0.066% | $2.3M | $789K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0303% / S −0.1012% | 1h | 1.2115 | +0.012% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.2130 | +0.132% | $2.3M | $2.1M | 50x | as long as short |
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT