Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against Binance+0.123%7-day average +0.072% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.123%, 7d avg +0.072%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.051% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.8966 | 0.0100 | pay 0.0050% / 4h | 2h 08m | $10.1M | $33.2M | 50x |
| Short | Hyperliquid ORDI | 4.9026 | 0.0141 | get 0.0018% / 1h | 8m 12s | $707K | $660K | 3x |
Binance ORDIUSDT
Hyperliquid ORDIFunding 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
- $8.67
- Price spread: +0.123% → +0.072%
- $5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.23
- Costs to cover
- 0.190%
- Break-even
- 11.2 days
Slippage unknown: Binance: live order book, 3 min ago; Hyperliquid: live order book, 42 min ago. Net counts fees only.
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, 3 min ago | 1.02 bp | 11.9 bp −$12 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 42 min ago | 1.01 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ORDI on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.8817 | −0.303% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.976% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8910 | −0.114% | $13K | $426K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.8966 | long leg | $10.1M | $33.2M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8900 | −0.134% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8930 | −0.073% | $5.3M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8920 | −0.094% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8960 | −0.012% | $7.1M | $3.5M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8900 | −0.134% | $934K | $873K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8940 | −0.053% | $2.9M | $3.5M | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ORDI-USDC | +0.0100% | 4h | 4.8860 | −0.216% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8941 | −0.050% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8800 | −0.339% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8830 | −0.277% | $79K | $382K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8919 | −0.096% | $3K | $194K | 5x | as long as short |
| Hyperliquid ORDIshort | +0.0141% | 1h | 4.9026 | +0.123% | $707K | $660K | 3x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8897 | −0.141% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3059% | 1h | 4.8888 | −0.159% | $72K | $46K | 25x | as long as short |
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD