Funding you earn now, next payment 22:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.107%
Price spread now: OKX against Hyperliquid+0.024%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days+0.280%+$28 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now +0.024%, 7d avg +0.067%
=Together, before fees+0.246%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and OKX is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.067%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.280%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.280% in total (about 14.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MINA | 0.1273 | 0.0100 | pay 0.0013% / 1h | 15m 20s | $3.7M | $2.2M | 3x |
| Short | OKX MINA-USDT-SWAP | 0.1274 | −0.0541 | pay 0.0271% / 4h | 2h 15m | $1.9M | $17.2M | 20x |
Hyperliquid MINA
OKX MINA-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
- −$134.68
- Price spread: +0.024% → +0.067%
- −$4.33
- Slippage, 4 orders
- −$81.24
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$239.24
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 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, 6 min ago | 0.39 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.35 bp | 28.6 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.0712% | 1h | 0.1274 | +0.068% | $25K | $87K | 10x | as long as short |
| OKX MINA-USDT-SWAPshort | −0.0541% | 4h | 0.1274 | +0.024% | $1.9M | $17.2M | 20x | |
| Binance MINAUSDT | −0.0420% | 8h | 0.1273 | −0.016% | $4.4M | $34.1M | 50x | as long as short |
| MEXC MINA_USDT | −0.0420% | 8h | 0.1272 | −0.102% | $1.2M | $1.5M | 50x | as long as short |
| BloFin MINA-USDT | −0.0401% | 8h | 0.1275 | +0.102% | $256K | $326K | 50x | as long as short |
| Bitget MINAUSDT | −0.0266% | 8h | 0.1272 | −0.102% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0252% | 8h | 0.1274 | +0.047% | $413K | $984K | 50x | as long as short |
| Bybit MINAUSDT | −0.0219% | 4h | 0.1275 | +0.118% | $4.5M | $6.8M | 25x | as long as short |
| BingX MINA-USDT | −0.0117% | 8h | 0.1273 | 0.000% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTM | +0.0008% | 8h | 0.1273 | −0.063% | $769K | $512K | 30x | as long as short |
Kraken Futures PF_MINAUSD
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
BingX MINA-USDT
KuCoin MINAUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAlong | +0.0100% | 1h | 0.1273 | long leg | $3.7M | $2.2M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1276 | +0.231% | $411K | $150K | — | as long as short |
Variational Omni MINA