Funding you earn now, next payment 02:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.075%
Price spread now: Hyperliquid against Orderly+0.045%7-day average — · you sell dearer than you buy
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: Hyperliquid is 0.045% dearer against Orderly than usual: you sell high and buy low, +$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 | Orderly PERP_FET_USDC | 0.2014 | 0.0100 | pay 0.0100% / 8h | 6h 56m | $37K | $7K | 10x |
| Short | Hyperliquid FET | 0.2015 | 0.0108 | get 0.0014% / 1h | 56m 58s | $9.0M | $8.3M | 5x |
Orderly PERP_FET_USDC
Hyperliquid FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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 Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$8.78
- Costs to cover
- 0.150%
- Break-even
- 42.0 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 5 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 2.45 bp | 10.2 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.099% | $29K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2020 | +0.298% | $147K | $213K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0743% | 1h | 0.2017 | +0.164% | $980K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0022% | 1h | 0.2017 | +0.142% | $21K | — | 150x | as long as short |
| Gate FET_USDT | +0.0025% | 8h | 0.2012 | −0.099% | $2.7M | $12.1M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.199% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | +0.050% | $307K | $577K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2016 | +0.101% | $31.4M | $111.8M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | 0.000% | $32.1M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2018 | +0.199% | $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 | +0.901% | $356K | $401K | — | as long as short |
| Orderly PERP_FET_USDClong | +0.0100% | 8h | 0.2014 | long leg | $37K | $7K | 10x | |
| Extended FET-USD | +0.0104% | 1h | 0.2016 | +0.105% | $33K | $247K | 10x | as long as short |
| Hyperliquid FETshort | +0.0108% | 1h | 0.2015 | +0.045% | $9.0M | $8.3M | 5x | |
| OKX FET-USDT-SWAP | +0.0168% | 4h | 0.2019 | +0.248% | $997K | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2015 | +0.074% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2019 | +0.248% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0269% | 8h | 0.2015 | +0.050% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0279% | 8h | 0.2019 | +0.248% | $16.2M | $11.7M | 75x | as long as short |
| Phoenix FET | +0.0467% | 1h | 0.2019 | +0.233% | $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