Funding you earn now, next payment 23:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.059%
Price spread now: OKX against Hyperliquid−0.007%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now −0.007%, 7d avg −0.121%
=Together, before fees−0.346%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.114% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.121%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9847 | 0.0100 | pay 0.0013% / 1h | 50m 36s | $8.6M | $9.4M | 5x |
| Short | OKX FIL-USDT-SWAP | 0.9846 | 0.0025 | get 0.0025% / 8h | 1h 50m | $18.2M | $96.1M | 50x |
Hyperliquid FIL
OKX FIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$15.73
- Price spread: −0.007% → −0.121%
- $11.36
- Slippage, 4 orders
- −$17.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$40.39
- Costs to cover
- 0.360%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; OKX: live order book, 3 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 Hyperliquid live order book, 2 min ago | 0.05 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.51 bp | 9.9 bp −$10 | 17.4 bp −$174 | 110.6 bp −$11.1K | doesn't fit |
FIL 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 FIL_USDC-PERPETUAL | −0.1068% | 1h | 0.9850 | +0.034% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0697% | 1h | 0.9852 | +0.058% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9873 | +0.267% | $316K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9850 | +0.034% | $2K | $182K | 12x | as long as short |
| Lighter FIL | −0.0120% | 1h | 0.9847 | +0.003% | $158K | $337K | 5x | as long as short |
| Bitget FILUSDT | −0.0024% | 8h | 0.9846 | −0.007% | $10.8M | $21.4M | 75x | as long as short |
| Bybit FILUSDT | −0.0008% | 8h | 0.9850 | +0.034% | $15.5M | $17.9M | 25x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9847 | −0.001% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9860 | +0.136% | $57K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0025% | 8h | 0.9858 | +0.115% | $7.4M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bitget FILUSDT
Bybit FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAPshort | +0.0025% | 8h | 0.9846 | −0.007% | $18.2M | $96.1M | 50x | |
| Variational Omni FIL | +0.0064% | 8h | 0.9851 | +0.040% | $438K | $277K | — | as long as short |
| MEXC FIL_USDC | +0.0076% | 8h | 0.9850 | +0.034% | $250K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9853 | +0.069% | $689K | $2.3M | 10x | as long as short |
| Binance FILUSDT | +0.0083% | 8h | 0.9850 | +0.035% | $56.6M | $174.5M | 75x | as long as short |
| BingX FIL-USDT | +0.0087% | 8h | 0.9853 | +0.064% | — | $11.9M | — | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9847 | long leg | $8.6M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9858 | +0.111% | $488K | $515K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9853 | +0.064% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9838 | −0.092% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9867 | +0.208% | $289K | $801K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9830 | −0.170% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9848 | +0.014% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | −0.170% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9843 | −0.038% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9844 | −0.027% | $623K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.068% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0203% | 8h | 0.9834 | −0.129% | $2.6M | $647K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0615% / S −0.0742% | 1h | 0.9841 | −0.062% | $213K | — | 100x | as long as short |
Variational Omni FIL
MEXC FIL_USDC
Extended FIL-USD
Binance FILUSDT
BingX FIL-USDT
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]