Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.063%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.063%, 7d avg +0.021%
=Together, before fees−0.178%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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 0.042% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPUSDT | 0.1263 | 0.0100 | pay 0.0100% / 8h | 6h 52m | $5.9M | $6.6M | 75x |
| Short | Hyperliquid OP | 0.1264 | 0.0100 | get 0.0013% / 1h | 52m 35s | $3.9M | $3.0M | 5x |
Bitget OPUSDT
Hyperliquid OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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: +0.063% → +0.021%
- $4.22
- Slippage, 4 orders
- −$27.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.02
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; Hyperliquid: live order book, 9 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 Bitget live order book, 6 min ago | 3.95 bp | 10.0 bp −$10 | 23.4 bp −$234 | 99.1 bp −$9,912 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.40 bp | 10.4 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 | −0.1535% | 1h | 0.1253 | −0.792% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.181% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.267% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1262 | −0.111% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | −0.158% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | −0.184% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1251 | −0.977% | $222K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1260 | −0.238% | $6K | $47K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | +0.016% | $282K | $946K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0099% | 8h | 0.1263 | −0.016% | $6.1M | $30.1M | 50x | as long as short |
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
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPshort | +0.0100% | 1h | 0.1264 | +0.063% | $3.9M | $3.0M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1262 | −0.114% | $211K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.103% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | +0.032% | $18.3M | $26.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1262 | −0.071% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | +0.008% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | 0.000% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDTlong | +0.0100% | 8h | 0.1263 | long leg | $5.9M | $6.6M | 75x | |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | 0.000% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.174% | $121K | $196K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | −0.078% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | −0.998% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | −0.079% | $43K | $726K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1261 | −0.166% | $167 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.269% | $174K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | −0.022% | $101K | $395K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1261 | −0.173% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | −0.143% | $1.0M | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1262 | −0.048% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0462% | 1h | 0.1262 | −0.104% | $796K | $620K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
BingX OP-USDC
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
Reya OPRUSDPERP
Kraken Futures PF_OPUSD