Funding you earn now, next payment 04:00 UTC−0.0489%/8h= −53.6% APRpaid last 24h −0.178%
Price spread now: OKX against Hyperliquid−0.060%7-day average −0.115% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.503%−$50 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.060%, 7d avg −0.115%
=Together, before fees−0.476%+ Points / potential airdropHyperliquid: Season 2 · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.055% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.115%): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.503% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RENDER | 1.8451 | 0.0589 | pay 0.0074% / 1h | 6m 54s | $4.2M | $3.3M | 5x |
| Short | OKX RENDER-USDT-SWAP | 1.8440 | 0.0100 | get 0.0050% / 4h | 6m 54s | $3.1M | $8.1M | 20x |
Hyperliquid RENDER
OKX RENDER-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$102.7
- Price spread: −0.060% → −0.115%
- $5.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$116.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; OKX: live order book, 1 min ago. 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, 5 min ago | 1.08 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.71 bp | 20.8 bp −$21 | 56.3 bp −$563 | doesn't fit | doesn't fit |
RENDER on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0223% | 1h | 1.8530 | +0.428% | $12K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8423 | −0.152% | $12K | $31K | 25x | as long as short |
| dYdX RENDER-USD | +0.0059% | 1h | 1.8427 | −0.132% | $19K | $23K | 5x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8431 | −0.108% | $12.1M | $47.4M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8424 | −0.146% | $11.8M | $13.3M | 50x | as long as short |
| OKX RENDER-USDT-SWAPshort | +0.0100% | 4h | 1.8440 | −0.060% | $3.1M | $8.1M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8433 | −0.098% | $546K | $1.3M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8430 | −0.114% | $12.5M | $11.3M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8450 | −0.005% | $4.9M | $11.5M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8439 | −0.065% | $10.0M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
Binance RENDERUSDT
Bybit RENDERUSDT
Gate RENDER_USDT
MEXC RENDER_USDT
KuCoin RENDERUSDTM
Bitget RENDERUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RENDER-USDT | +0.0100% | 4h | 1.8430 | −0.114% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8487 | +0.193% | $263K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8482 | +0.168% | $41K | $251K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8440 | −0.060% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8427 | −0.128% | $30K | $205K | 10x | as long as short |
| Aster RENDERUSDT | +0.0164% | 4h | 1.8433 | −0.098% | $269K | $153K | 20x | as long as short |
| Phoenix RENDER | +0.0299% | 1h | 1.8485 | +0.184% | $47K | $315K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8450 | −0.005% | $572K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0907% | 1h | 1.8413 | −0.208% | $15K | — | 100x | as long as short |
| Hyperliquid RENDERlong | +0.0589% | 1h | 1.8451 | long leg | $4.2M | $3.3M | 5x | |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8430 | −0.114% | $153K | $59K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1273% | 1h | 1.8465 | +0.076% | $481K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Aster RENDERUSDT
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD