Funding you earn now, next payment 20:00 UTC−0.0030%/8hpaid last 24h −0.028%
Price spread now: Orderly against Hyperliquid−0.194%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
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.194% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HBAR | 0.09113 | 0.0100 | pay 0.0013% / 1h | 10m 01s | $8.7M | $3.0M | 5x |
| Short | Orderly PERP_HBAR_USDC | 0.09095 | 0.0070 | get 0.0070% / 8h | 4h 10m | $3K | $17K | 10x |
Hyperliquid HBAR
Orderly PERP_HBAR_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
- −$6.27
- Price spread: −0.194% → 0.000%
- −$19.42
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$40.7
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 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, 7 min ago | 0.33 bp | 10.3 bp −$10 | 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.
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective HBAR/USDC PERP | −0.0825% | 1h | 0.08526 | −6.438% | $2K | $60K | 12x | as long as short |
| Gate HBAR_USDT | −0.0061% | 8h | 0.09099 | −0.150% | $2.4M | $3.7M | 75x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09102 | −0.113% | $8K | — | 150x | as long as short |
| MEXC HBAR_USDT | +0.0026% | 8h | 0.09102 | −0.117% | $23.3M | $24.0M | 200x | as long as short |
| Binance HBARUSDT | +0.0028% | 8h | 0.09102 | −0.116% | $34.6M | $110.4M | 75x | as long as short |
| Extended HBAR-USD | +0.0032% | 1h | 0.09102 | −0.115% | $46K | $205K | 10x | as long as short |
| KuCoin HBARUSDTM | +0.0033% | 8h | 0.09101 | −0.128% | $7.4M | $8.3M | 75x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0036% | 1h | 0.09105 | −0.084% | $30K | $129K | 15x | as long as short |
| Variational Omni HBAR | +0.0051% | 8h | 0.09071 | −0.453% | $999K | $207K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0063% | 8h | 0.09064 | −0.533% | $372K | $1.8M | 10x | as long as short |
Injective HBAR/USDC PERP
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
KuCoin HBARUSDTM
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_PerpShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDCshort | +0.0070% | 8h | 0.09095 | −0.194% | $3K | $17K | 10x | |
| Deribit HBAR_USDC-PERPETUAL | +0.0080% | 1h | 0.09104 | −0.095% | $501K | $152K | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09097 | −0.172% | $558K | $590K | 5x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0096% | 1h | 0.09088 | −0.271% | $214K | $2.2M | 50x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09113 | long leg | $8.7M | $3.0M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09097 | −0.176% | $213K | $442K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09101 | −0.128% | $32.6M | $37.2M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09100 | −0.139% | $6.8M | $24.5M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09103 | −0.106% | $16.8M | $14.6M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09100 | −0.139% | — | $6.7M | — | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09067 | −0.501% | $145K | $702K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09101 | −0.128% | $422 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09111 | −0.019% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09096 | −0.183% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0107% | 8h | 0.09081 | −0.348% | $1.5M | $5.6M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0439% / S −0.0472% | 1h | 0.09101 | −0.133% | $101K | — | 100x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0471% | 1h | 0.09106 | −0.072% | $1.4M | $2.4M | 50x | as long as short |
| dYdX HBAR-USD | +0.2044% | 1h | 0.09091 | −0.234% | $29K | $4K | 5x | as long as short |
Deribit HBAR_USDC-PERPETUAL
Lighter HBAR
Coinbase International HBAR-PERP-INTX
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDC
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]
Kraken Futures PF_HBARUSD
dYdX HBAR-USD