Funding you earn now, next payment 00:00 UTC+0.1900%/8h= +208.0% APRnext payment +$2.37 per $10,000 · paid last 24h +0.439%
Price spread now: dYdX against Hyperliquid−0.166%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3573.575% of the position
Funding, last 7 days+1.544%+$154 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.166%, 7d avg −0.037%
=Together, before fees+1.723%+ Points / potential airdropHyperliquid: Season 2 · farm board+$172 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.128% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.037%). If the spread goes back, that is −$13 on $10k: about 5 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+1.544% in total) that is about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SEI | 0.05922 | 0.0100 | pay 0.0013% / 1h | 11m 01s | $3.4M | $6.5M | 5x |
| Short | dYdX SEI-USD | 0.05912 | 0.2000 | get 0.0250% / 1h | 11m 01s | $101K | $2K | 5x |
Hyperliquid SEI
dYdX SEI-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
- $398.92
- Price spread: −0.166% → −0.037%
- −$12.83
- Slippage, 4 orders
- −$338.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $28.61
- Costs to cover
- 3.575%
- Break-even
- 6.5 days
Slippage from Hyperliquid: live order book, 11 min ago; dYdX: live order book, 3 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, 11 min ago | 0.76 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 3 min ago | 164.23 bp | 169.2 bp −$169 | 338.4 bp −$3,384 | 558.0 bp −$55.8K | 1574.1 bp −$787.0K |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0802% / S +0.0440% | 1h | 0.05918 | −0.071% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0082% | 8h | 0.05910 | −0.214% | $316K | $222K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05918 | −0.073% | $8K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05920 | −0.039% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05921 | −0.022% | $265K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05920 | −0.039% | $1K | $111K | 20x | as long as short |
| Hyperliquid SEIlong | +0.0100% | 1h | 0.05922 | long leg | $3.4M | $6.5M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05919 | −0.063% | $309K | $363K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05920 | −0.045% | $14.1M | $126.7M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05912 | −0.174% | $13.9M | $36.0M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Orderly PERP_SEI_USDC
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05918 | −0.073% | $3.1M | $39.8M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05916 | −0.106% | $1.1M | $3.5M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05919 | −0.056% | $34.6M | $26.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05917 | −0.089% | $6.1M | $14.2M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05920 | −0.039% | $9.3M | $16.9M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05916 | −0.106% | — | $33.2M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05920 | −0.039% | $116K | $565K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05917 | −0.084% | $202K | $1.5M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05920 | −0.039% | $108K | $673K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05927 | +0.079% | $22K | $4.6M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05915 | −0.121% | $75K | $476K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05921 | −0.022% | $715K | $1.2M | 75x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0324% | 1h | 0.05919 | −0.051% | $367K | $1.5M | 50x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0328% | 1h | 0.05922 | −0.005% | $33K | $207K | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05919 | −0.053% | $113 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.1153% | 1h | 0.05903 | −0.326% | $8K | $43K | 12x | as long as short |
| dYdX SEI-USDshort | +0.2000% | 1h | 0.05912 | −0.166% | $101K | $2K | 5x |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Kraken Futures PF_SEIUSD
Coinbase International SEI-PERP-INTX
Reya SEIRUSDPERP
Injective SEI/USDC PERP