Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.012%
Price spread now: BloFin against Hyperliquid−0.278%107s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$670.674% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 3 days (all we have)+0.231%+$23 · spread now −0.278%, 7d avg −0.060%
=Together, before fees+0.217%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.219% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.278% now, against its 7-day average of −0.060%). If the spread goes back, that is −$22 on $10k: about 26 days of funding at the current rate (+$1 a day). The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.9207 | 0.0100 | pay 0.0013% / 1h | 55m 33s | $714K | $650K | 3x |
| Short | BloFin ORDI-USDT | 4.9070 | 0.0128 | get 0.0064% / 4h | 55m 33s | $607K | $311K | 75x |
Hyperliquid ORDI
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.8
- Price spread: −0.278% → −0.060%
- −$21.87
- Slippage, 4 orders
- −$46.35
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$83.42
- Costs to cover
- 0.674%
- Break-even
- 107.7 days
Slippage from Hyperliquid: live order book, 14 min ago; BloFin: live order book, 21 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, 14 min ago | 2.36 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 21 min ago | 1.03 bp | 10.4 bp −$10 | 31.7 bp −$317 | 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 | 4.8993 | −0.436% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.432% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.9207 | long leg | $714K | $650K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9102 | −0.214% | $4K | $419K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9148 | −0.119% | $10.1M | $31.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9080 | −0.258% | $4.2M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9130 | −0.156% | $5.4M | $16.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9060 | −0.299% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9150 | −0.116% | $7.1M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9072 | −0.274% | $938K | $831K | 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 | 4.9100 | −0.217% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9030 | −0.360% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8878 | −0.668% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9030 | −0.360% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9020 | −0.380% | $89K | $358K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9125 | −0.167% | $5K | $172K | 5x | as long as short |
| BloFin ORDI-USDTshort | +0.0128% | 4h | 4.9070 | −0.278% | $607K | $311K | 75x | |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9094 | −0.230% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.3008% | 1h | 4.9256 | +0.099% | $66K | $43K | 25x | as long as short |
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