Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against BingX+0.210%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$550.548% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.210%, 7d avg +0.091%
=Together, before fees−0.318%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 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 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ORDI-USDT | 4.8550 | 0.0100 | pay 0.0050% / 4h | 1h 51m | — | $24.5M | — |
| Short | Hyperliquid ORDI | 4.8652 | 0.0100 | get 0.0013% / 1h | 51m 39s | $707K | $645K | 3x |
BingX ORDI-USDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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: +0.210% → +0.091%
- $11.88
- Slippage, 4 orders
- −$35.8
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$42.92
- Costs to cover
- 0.548%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Hyperliquid: live order book, 28 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 BingX live order book, 2 min ago | 1.03 bp | 9.9 bp −$10 | 12.0 bp −$120 | 45.9 bp −$4,593 | 353.3 bp −$176.7K |
| Sell Hyperliquid live order book, 28 min ago | 1.54 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
ORDI on 19 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 | 4.8586 | +0.074% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.179% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.8652 | +0.210% | $707K | $645K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8620 | +0.144% | $5K | $415K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8596 | +0.095% | $9.9M | $30.8M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8550 | 0.000% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8560 | +0.021% | $5.3M | $16.2M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8550 | 0.000% | $1.2M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8610 | +0.124% | $7.0M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8590 | +0.082% | $929K | $823K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8600 | +0.103% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDTlong | +0.0100% | 4h | 4.8550 | long leg | — | $24.5M | — | |
| Variational Omni ORDI | +0.0100% | 4h | 4.8496 | −0.111% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8510 | −0.082% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8550 | 0.000% | $88K | $363K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8589 | +0.080% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0147% | 4h | 4.8580 | +0.062% | $601K | $300K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8586 | +0.074% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2957% | 1h | 4.8720 | +0.349% | $66K | $42K | 25x | as long as short |
Bitget ORDIUSDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD