Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against Bybit+0.244%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$780.776% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.244%, 7d avg +0.132%
=Together, before fees−0.104%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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 0.112% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8710 | 0.0100 | pay 0.0050% / 4h | 52m 40s | $4.1M | $4.6M | 50x |
| Short | Hyperliquid ORDI | 4.8829 | 0.0100 | get 0.0013% / 1h | 52m 40s | $706K | $665K | 3x |
Bybit ORDIUSDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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: +0.244% → +0.132%
- $11.2
- Slippage, 4 orders
- −$57.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$66.39
- Costs to cover
- 0.776%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 7 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 Bybit live order book, 5 min ago | 1.03 bp | 21.6 bp −$22 | 69.1 bp −$691 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 1.23 bp | 16.6 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0305% | 1h | 4.8694 | −0.032% | $69K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0086% | 4h | 4.8750 | +0.082% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8840 | +0.266% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.487% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.8829 | +0.244% | $706K | $665K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8780 | +0.144% | $4K | $420K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8758 | +0.099% | $10.0M | $34.1M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8710 | long leg | $4.1M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8690 | −0.041% | $5.2M | $17.7M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8750 | +0.082% | $6.6M | $3.2M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8749 | +0.080% | $983K | $791K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8740 | +0.062% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8820 | +0.226% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8656 | −0.111% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8740 | +0.062% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8690 | −0.041% | $85K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8766 | +0.115% | $3K | $173K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0141% | 4h | 4.8770 | +0.123% | $595K | $303K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8727 | +0.035% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]