Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Binance against Hyperliquid−0.120%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.120%, 7d avg −0.068%
=Together, before fees+0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Binance is 0.052% 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 −0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8358 | 0.0100 | pay 0.0013% / 1h | 39m 26s | $705K | $643K | 3x |
| Short | Binance ORDIUSDT | 4.8300 | 0.0100 | get 0.0050% / 4h | 2h 39m | $9.8M | $30.6M | 50x |
Hyperliquid ORDI
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: −0.120% → −0.068%
- −$5.16
- Slippage, 4 orders
- −$43.25
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$67.41
- Costs to cover
- 0.622%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 45 min ago; Binance: live order book, 2 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, 45 min ago | 1.64 bp | 22.9 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.03 bp | 6.8 bp −$7 | 29.3 bp −$293 | 286.1 bp −$28.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ORDI_USDT | −0.0024% | 4h | 4.8270 | −0.182% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8334 | −0.051% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.807% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0071% | 4h | 4.8290 | −0.141% | $604K | $296K | 75x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8358 | long leg | $705K | $643K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8358 | 0.000% | $4K | $414K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.8300 | −0.120% | $9.8M | $30.6M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8260 | −0.203% | $4.1M | $4.1M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8260 | −0.203% | $5.2M | $16.0M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8320 | −0.079% | $7.1M | $3.3M | 200x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Bybit 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 | 4.8305 | −0.110% | $925K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.141% | $2.8M | $2.9M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8290 | −0.141% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8250 | −0.223% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8290 | −0.141% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8340 | −0.037% | $88K | $362K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8303 | −0.113% | $4K | $172K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8386 | +0.058% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2508% | 1h | 4.8521 | +0.337% | $65K | $42K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
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