Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against OKX+0.196%7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.196%, 7d avg +0.102%
=Together, before fees−0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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 0.094% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.102%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.8980 | 0.0100 | pay 0.0050% / 4h | 46m 29s | $5.2M | $17.8M | 20x |
| Short | Hyperliquid ORDI | 4.9076 | 0.0100 | get 0.0013% / 1h | 46m 29s | $709K | $666K | 3x |
OKX ORDI-USDT-SWAP
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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: +0.196% → +0.102%
- $9.43
- Slippage, 4 orders
- −$42.49
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$52.06
- Costs to cover
- 0.615%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 13 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 OKX live order book, 2 min ago | 1.02 bp | 15.0 bp −$15 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 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 | −0.0303% | 1h | 4.8961 | −0.040% | $70K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0054% | 4h | 4.8970 | −0.020% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8930 | −0.102% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.003% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0069% | 4h | 4.9040 | +0.122% | $598K | $304K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9076 | +0.196% | $709K | $666K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9030 | +0.102% | $4K | $418K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9029 | +0.100% | $10.0M | $34.0M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8970 | −0.020% | $4.1M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.8980 | long leg | $5.2M | $17.8M | 20x |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9040 | +0.122% | $6.6M | $3.2M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8963 | −0.035% | $987K | $788K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9030 | +0.102% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8880 | −0.204% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8720 | −0.530% | $26K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8980 | 0.000% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8950 | −0.061% | $85K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8997 | +0.034% | $2K | $203K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9011 | +0.062% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
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]