Funding you earn now, next payment 04:00 UTC+0.0505%/8h= +55.3% APRpaid last 24h +0.176%
Price spread now: Hyperliquid against OKX+0.070%7-day average +0.114% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.494%+$49 on $10k
+Price spread, last 7 days−0.038%−$4 · spread now +0.070%, 7d avg +0.114%
=Together, before fees+0.456%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.045% cheaper against OKX than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.114%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.494% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX RENDER-USDT-SWAP | 1.8670 | 0.0100 | pay 0.0050% / 4h | 58m 30s | $3.2M | $8.2M | 20x |
| Short | Hyperliquid RENDER | 1.8683 | 0.0605 | get 0.0076% / 1h | 58m 30s | $4.2M | $3.2M | 5x |
OKX RENDER-USDT-SWAP
Hyperliquid RENDERFunding 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
- $106.07
- Price spread: +0.070% → +0.114%
- −$4.48
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $82.59
- Costs to cover
- 0.190%
- Break-even
- 1.5 days
Slippage unknown: OKX: live order book, 5 min ago; Hyperliquid: live order book, 3 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 OKX live order book, 5 min ago | 2.67 bp | 17.6 bp −$18 | 50.1 bp −$501 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.14 bp | 9.6 bp −$10 | doesn't fit | 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 | 1.8650 | −0.107% | $6K | $188K | 12x | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8697 | +0.144% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8677 | +0.037% | $11K | $30K | 25x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8668 | −0.011% | $12.5M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8650 | −0.107% | $11.9M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAPlong | +0.0100% | 4h | 1.8670 | long leg | $3.2M | $8.2M | 20x | |
| Gate RENDER_USDT | +0.0100% | 4h | 1.8702 | +0.171% | $571K | $1.2M | 50x | as long as short |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8650 | −0.107% | $13.8M | $11.1M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8660 | −0.054% | $5.1M | $11.8M | 50x | as long as short |
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8664 | −0.032% | $10.2M | $10.8M | 50x | as long as short |
Injective RENDER/USDC PERP
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
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 | 1.8680 | +0.054% | — | $3.6M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8641 | −0.154% | $265K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8674 | +0.021% | $42K | $253K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8680 | +0.054% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8687 | +0.090% | $27K | $200K | 10x | as long as short |
| Phoenix RENDER | +0.0259% | 1h | 1.8684 | +0.075% | $48K | $242K | 5x | as long as short |
| Aster RENDERUSDT | +0.0317% | 4h | 1.8721 | +0.273% | $271K | $144K | 20x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8690 | +0.107% | $594K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0367% / S −0.0912% | 1h | 1.8646 | −0.127% | $16K | — | 100x | as long as short |
| Hyperliquid RENDERshort | +0.0605% | 1h | 1.8683 | +0.070% | $4.2M | $3.2M | 5x | |
| Coinbase International RENDER-PERP-INTX | +0.0720% | 1h | 1.8900 | +1.232% | $155K | $57K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1257% | 1h | 1.8704 | +0.182% | $486K | $1.1M | 50x | as long as short |
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
Aster RENDERUSDT
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD