Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.039%
Price spread now: Hyperliquid against Binance+0.139%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Funding, last 7 days−0.055%−$6 on $10k
+Price spread, last 7 days−0.160%−$16 · spread now +0.139%, 7d avg −0.012%
=Together, before fees−0.215%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.151% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1279 | 0.0100 | pay 0.0100% / 8h | 37m 28s | $20.7M | $61.8M | 75x |
| Short | Hyperliquid OP | 0.1280 | 0.0100 | get 0.0013% / 1h | 37m 28s | $4.1M | $2.9M | 5x |
Binance OPUSDT
Hyperliquid OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $0
- Price spread: +0.139% → −0.012%
- $15.13
- Slippage, 4 orders
- −$26.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.2
- Costs to cover
- 0.453%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Hyperliquid: live order book, 4 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 Binance live order book, 5 min ago | 0.39 bp | 11.4 bp −$11 | 24.0 bp −$240 | 104.7 bp −$10.5K | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.95 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 OP/USDC PERP | −0.1633% | 1h | 0.1274 | −0.354% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1280 | +0.088% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0344% | 1h | 0.1276 | −0.197% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1280 | +0.118% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | +0.115% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1279 | +0.075% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1279 | +0.037% | $6K | $50K | 10x | as long as short |
| Variational Omni OP | +0.0072% | 8h | 0.1280 | +0.134% | $234K | $54K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1280 | +0.115% | $290K | $922K | 15x | as long as short |
| Hyperliquid OPshort | +0.0100% | 1h | 0.1280 | +0.139% | $4.1M | $2.9M | 5x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1280 | +0.114% | $214K | $241K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1279 | long leg | $20.7M | $61.8M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1278 | −0.057% | $18.6M | $25.8M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1279 | +0.029% | $6.1M | $30.4M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1279 | +0.068% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1279 | +0.022% | $20.3M | $7.3M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1279 | +0.037% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1280 | +0.115% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1278 | −0.018% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | +0.061% | $125K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1280 | +0.086% | $9K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1282 | +0.281% | $320K | $5.0M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1280 | +0.115% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1279 | +0.053% | $202 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1280 | +0.115% | $177K | $236K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1278 | −0.007% | $103K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1279 | +0.057% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1280 | +0.155% | $1.0M | $292K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0357% | 1h | 0.1281 | +0.192% | $801K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1279 | +0.019% | $711 | — | 20x | as long as short |
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP