Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.075%
Price spread now: Orderly against Hyperliquid−0.045%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2015 | 0.0108 | pay 0.0014% / 1h | 56m 58s | $9.0M | $8.3M | 5x |
| Short | Orderly PERP_FET_USDC | 0.2014 | 0.0100 | get 0.0100% / 8h | 6h 56m | $37K | $7K | 10x |
Hyperliquid FET
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$1.76
- Price spread: −0.045% → 0.000%
- −$4.47
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$21.22
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.
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, 5 min ago | 2.45 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
FET on 20 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 FET_USDC-PERPETUAL | −0.6647% | 1h | 0.2016 | +0.055% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2020 | +0.253% | $147K | $213K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0743% | 1h | 0.2017 | +0.119% | $980K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2017 | +0.097% | $21K | — | 150x | as long as short |
| Gate FET_USDT | +0.0025% | 8h | 0.2012 | −0.144% | $2.7M | $12.1M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.243% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | +0.006% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2016 | +0.057% | $31.4M | $111.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.045% | $32.1M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | +0.154% | $10.6M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Gate FET_USDT
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2032 | +0.856% | $356K | $401K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2014 | −0.045% | $37K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | +0.060% | $33K | $247K | 10x | as long as short |
| Hyperliquid FETlong | +0.0108% | 1h | 0.2015 | long leg | $9.0M | $8.3M | 5x | |
| OKX FET-USDT-SWAP | +0.0168% | 4h | 0.2019 | +0.203% | $997K | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2015 | +0.029% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2019 | +0.203% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0269% | 8h | 0.2015 | +0.005% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0279% | 8h | 0.2019 | +0.203% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2019 | +0.189% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET