Funding you earn now, next payment 04:00 UTC−0.0488%/8h= −53.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.037%
Price spread now: dYdX against Hyperliquid−0.258%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and dYdX is 0.258% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8502 | 0.0488 | pay 0.0061% / 1h | 50m 49s | $698K | $659K | 3x |
| Short | dYdX ORDI-USD | 4.8377 | 0 | get 0.0000% / 1h | 50m 49s | $33K | $651 | 5x |
Hyperliquid ORDI
dYdX ORDI-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$102.53
- Price spread: −0.258% → 0.000%
- −$25.82
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$147.35
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 49 min ago; dYdX: no order-book sample. 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 Hyperliquid live order book, 49 min ago | 3.57 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0376% | 1h | 4.8310 | −0.396% | $71K | $44K | 25x | as long as short |
| dYdX ORDI-USDshort | 0.0000% | 1h | 4.8377 | −0.258% | $33K | $651 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.086% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0060% | 4h | 4.8360 | −0.293% | $601K | $303K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8375 | −0.261% | $14K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8366 | −0.281% | $9.9M | $33.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8350 | −0.313% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8340 | −0.334% | $5.2M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8370 | −0.272% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8370 | −0.272% | $6.8M | $3.4M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
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 | 4.8396 | −0.219% | $967K | $873K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8400 | −0.210% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8380 | −0.252% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8337 | −0.341% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8340 | −0.334% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8290 | −0.437% | $82K | $401K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8362 | −0.288% | $5K | $185K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8371 | −0.271% | $8K | — | 100x | as long as short |
| Hyperliquid ORDIlong | +0.0488% | 1h | 4.8502 | long leg | $698K | $659K | 3x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]