Funding you earn now, next payment 22:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.234%
Price spread now: OKX against Hyperliquid−0.157%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$990.987% of the position
Funding, last 7 days−0.410%−$41 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now −0.157%, 7d avg −0.210%
=Together, before fees−0.438%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.054% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.157% now, against its 7-day average of −0.210%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07217 | 0.0366 | pay 0.0046% / 1h | 14m 51s | $3.0M | $906K | 3x |
| Short | OKX SKY-USDT-SWAP | 0.07206 | 0.0100 | get 0.0050% / 4h | 2h 14m | $872K | $1.3M | 20x |
Hyperliquid SKY
OKX SKY-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
- −$55.88
- Price spread: −0.157% → −0.210%
- $5.38
- Slippage, 4 orders
- −$79.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$149.16
- Costs to cover
- 0.987%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago | 4.85 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.47 bp | 32.9 bp −$33 | 293.2 bp −$2,932 | doesn't fit | doesn't fit |
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0506% | 4h | 0.07191 | −0.362% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0077% | 4h | 0.07194 | −0.323% | $7.9M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07199 | −0.254% | $393 | $222K | 12x | as long as short |
| BloFin SKY-USDT | +0.0050% | 4h | 0.07210 | −0.101% | $607K | $610K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07210 | −0.105% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07206 | −0.153% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07212 | −0.078% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07207 | −0.149% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAPshort | +0.0100% | 4h | 0.07206 | −0.157% | $872K | $1.3M | 20x | |
| Gate SKY_USDT | +0.0100% | 4h | 0.07198 | −0.267% | $618K | $254K | 50x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.07206 | −0.157% | $1.1M | $283K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.07191 | −0.364% | $442K | $287K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07208 | −0.129% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07204 | −0.184% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07206 | −0.157% | $20K | $686K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07211 | −0.080% | $699 | $2K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0366% | 1h | 0.07217 | long leg | $3.0M | $906K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0533% / S −0.0248% | 1h | 0.07206 | −0.159% | $85K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]