Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.070%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.070%, 7d avg −0.021%
=Together, before fees+0.116%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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: Bitget is 0.049% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 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 | Hyperliquid OP | 0.1278 | 0.0100 | pay 0.0013% / 1h | 24m 37s | $4.1M | $2.9M | 5x |
| Short | Bitget OPUSDT | 0.1277 | 0.0100 | get 0.0100% / 8h | 1h 24m | $6.1M | $6.2M | 75x |
Hyperliquid OP
Bitget OPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.070% → −0.021%
- −$4.91
- Slippage, 4 orders
- −$30.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$56.81
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: 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 Hyperliquid live order book, 7 min ago | 1.57 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 3.94 bp | 15.6 bp −$16 | 31.2 bp −$312 | 106.3 bp −$10.6K | 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 | −0.1710% | 1h | 0.1266 | −0.931% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1276 | −0.111% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1269 | −0.696% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1277 | −0.083% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1277 | −0.070% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1277 | −0.088% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0047% | 8h | 0.1273 | −0.415% | $233K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0058% | 8h | 0.1276 | −0.149% | $6K | $49K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1278 | 0.000% | $277K | $906K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0098% | 8h | 0.1277 | −0.047% | $6.0M | $30.2M | 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 OPlong | +0.0100% | 1h | 0.1278 | long leg | $4.1M | $2.9M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1277 | −0.062% | $213K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1277 | −0.055% | $20.7M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1276 | −0.117% | $18.8M | $25.4M | 75x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1277 | −0.102% | $1.9M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1277 | −0.094% | $20.1M | $7.1M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1276 | −0.149% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDTshort | +0.0100% | 8h | 0.1277 | −0.070% | $6.1M | $6.2M | 75x | |
| BingX OP-USDT | +0.0100% | 8h | 0.1277 | −0.110% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1276 | −0.117% | $127K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1270 | −0.593% | $10K | $379K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | −0.515% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1271 | −0.540% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1277 | −0.102% | $173 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1275 | −0.235% | $176K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1276 | −0.113% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1276 | −0.123% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1276 | −0.180% | $1.0M | $287K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1278 | −0.019% | $799K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1276 | −0.149% | $710 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
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