Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%
Price spread now: Binance against Hyperliquid−0.065%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 7 days+0.074%+$7 · spread now −0.065%, 7d avg +0.009%
=Together, before fees+0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 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: Binance is 0.074% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1268 | 0.0100 | pay 0.0013% / 1h | 32m 24s | $3.7M | $2.8M | 5x |
| Short | Binance OPUSDT | 0.1267 | 0.0100 | get 0.0100% / 8h | 4h 32m | $20.5M | $60.5M | 75x |
Hyperliquid OP
Binance OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.065% → +0.009%
- −$7.43
- Slippage, 4 orders
- −$25.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.09
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 10 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, 9 min ago | 1.59 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.40 bp | 11.9 bp −$12 | 24.2 bp −$242 | 92.8 bp −$9,279 | 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 | −0.1607% | 1h | 0.1252 | −1.285% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1268 | −0.043% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1266 | −0.199% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1268 | −0.024% | $42K | $141K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1268 | −0.049% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0041% | 8h | 0.1268 | −0.047% | $6.2M | $28.8M | 50x | as long as short |
| Variational Omni OP | +0.0046% | 8h | 0.1253 | −1.196% | $222K | $49K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1268 | −0.024% | $6K | $45K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1268 | +0.008% | $281K | $939K | 15x | as long as short |
| Hyperliquid OPlong | +0.0100% | 1h | 0.1268 | long leg | $3.7M | $2.8M | 5x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1266 | −0.159% | $211K | $219K | 10x | as long as short |
| Binance OPUSDTshort | +0.0100% | 8h | 0.1267 | −0.065% | $20.5M | $60.5M | 75x | |
| Bybit OPUSDT | +0.0100% | 8h | 0.1267 | −0.110% | $18.6M | $25.2M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1267 | −0.087% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1267 | −0.110% | $21.4M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1266 | −0.181% | $2.9M | $6.6M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1268 | −0.024% | $5.8M | $6.5M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1267 | −0.110% | — | $6.3M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1265 | −0.252% | $123K | $200K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1257 | −0.924% | $4K | $388K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1257 | −0.908% | $314K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1258 | −0.812% | $43K | $710K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1268 | −0.016% | $205 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1267 | −0.126% | $174K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1267 | −0.083% | $101K | $391K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1268 | −0.024% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.497% | $24K | $69K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1265 | −0.268% | $1.0M | $279K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0347% | 1h | 0.1268 | −0.008% | $790K | $565K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1267 | −0.136% | $704 | — | 20x | as long as short |
Aster OPUSDT
Bybit OPUSDT
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
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP