Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.063%
Price spread now: Hyperliquid against OKX+0.020%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.020%, 7d avg +0.102%
=Together, before fees+0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.082% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.102%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.194%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX FET-USDT-SWAP | 0.2046 | 0.0298 | pay 0.0149% / 4h | 3h 44m | $1.0M | $7.9M | 20x |
| Short | Hyperliquid FET | 0.2046 | 0.0253 | get 0.0032% / 1h | 44m 34s | $9.1M | $8.1M | 5x |
OKX FET-USDT-SWAP
Hyperliquid FETFunding 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
- −$9.64
- Price spread: +0.020% → +0.102%
- −$8.21
- Slippage, 4 orders
- −$38.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$74.99
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 8 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, 3 min ago | 4.89 bp | 17.3 bp −$17 | 57.4 bp −$574 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.23 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.2677% | 1h | 0.2044 | −0.098% | $29K | $202K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1265% | 1h | 0.2046 | +0.016% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2045 | −0.049% | $152K | $207K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2044 | −0.116% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.760% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2045 | −0.049% | $340K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2045 | −0.049% | $32.0M | $109.7M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2044 | −0.098% | $2.8M | $12.0M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2044 | −0.098% | $34.5M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2046 | 0.000% | $10.8M | $19.2M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
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 | 0.2041 | −0.235% | $359K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2043 | −0.147% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2045 | −0.072% | $33K | $225K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2042 | −0.192% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2045 | −0.049% | $1.7M | $2.7M | 100x | as long as short |
| Hyperliquid FETshort | +0.0253% | 1h | 0.2046 | +0.020% | $9.1M | $8.1M | 5x | |
| BingX FET-USDT | +0.0286% | 8h | 0.2046 | 0.000% | — | $5.7M | — | as long as short |
| OKX FET-USDT-SWAPlong | +0.0298% | 4h | 0.2046 | long leg | $1.0M | $7.9M | 20x | |
| Bitget FETUSDT | +0.0302% | 8h | 0.2047 | +0.049% | $16.5M | $11.6M | 75x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2038 | −0.406% | $35K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Phoenix FET