Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Hyperliquid+0.013%7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.013%, 7d avg −0.082%
=Together, before fees+0.253%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board+$25 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: edgeX is 0.095% dearer against Hyperliquid than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1263 | 0.0100 | pay 0.0013% / 1h | 5m 13s | $3.5M | $3.7M | 5x |
| Short | edgeX OPUSDC | 0.1264 | 0.0100 | get 0.0050% / 4h | 3h 05m | $4K | $1.1M | 10x |
Hyperliquid OP
edgeX OPUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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: +0.013% → −0.082%
- $9.5
- Slippage, 4 orders
- −$98.86
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$107.36
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; edgeX: 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, 6 min ago | 1.58 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 39.53 bp | 47.9 bp −$48 | 185.4 bp −$1,854 | 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 | −0.1328% | 1h | 0.1257 | −0.507% | $35K | $67K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1264 | +0.085% | $13K | — | 100x | as long as short |
| Orderly PERP_OP_USDC | −0.0050% | 8h | 0.1264 | +0.047% | $12K | $233K | 10x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1264 | +0.062% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1264 | +0.047% | $31K | $153K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1265 | +0.103% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0010% | 8h | 0.1263 | −0.032% | $2.9M | $6.0M | 75x | as long as short |
| Variational Omni OP | +0.0073% | 8h | 0.1263 | −0.013% | $224K | $46K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1264 | +0.071% | $291K | $1.1M | 15x | as long as short |
| Extended OP-USD | +0.0096% | 1h | 0.1263 | −0.031% | $104K | $590K | 25x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Orderly PERP_OP_USDC
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTM
Variational Omni OP
Lighter OP
Extended OP-USDShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance OPUSDT | +0.0097% | 8h | 0.1263 | 0.000% | $19.5M | $68.0M | 75x | as long as short |
| MEXC OP_USDT | +0.0098% | 8h | 0.1264 | +0.047% | $22.5M | $7.9M | 300x | as long as short |
| Hyperliquid OPlong | +0.0100% | 1h | 0.1263 | long leg | $3.5M | $3.7M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1264 | +0.083% | $204K | $211K | 10x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | −0.016% | $18.5M | $26.2M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1263 | −0.008% | $6.0M | $29.6M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1265 | +0.111% | $2.0M | $1.5M | 50x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1264 | +0.047% | $5.8M | $6.8M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1264 | +0.047% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1264 | +0.016% | $113K | $214K | 10x | as long as short |
| edgeX OPUSDCshort | +0.0100% | 4h | 0.1264 | +0.013% | $4K | $1.1M | 10x | |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1263 | −0.032% | $307K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1265 | +0.127% | $44K | $692K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1263 | 0.000% | $199 | $5K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1265 | +0.087% | $172K | $266K | 50x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1263 | +0.008% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1265 | +0.127% | $25K | $69K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0153% | 1h | 0.1266 | +0.169% | $749K | $735K | 20x | as long as short |
| BloFin OP-USDT | +0.0217% | 8h | 0.1264 | +0.071% | $984K | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1263 | −0.047% | $702 | — | 20x | as long as short |
Binance OPUSDT
MEXC OP_USDT
Aster OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP