Funding you earn now, next payment 22:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.021%
Price spread now: OKX against Hyperliquid−0.167%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.167%, 7d avg −0.122%
=Together, before fees−0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STX | 0.3416 | 0.0269 | pay 0.0034% / 1h | 16m 10s | $1.5M | $1.0M | 5x |
| Short | OKX STX-USDT-SWAP | 0.3410 | 0.0100 | get 0.0100% / 8h | 2h 16m | $2.4M | $6.6M | 20x |
Hyperliquid STX
OKX STX-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
- −$35.5
- Price spread: −0.167% → −0.122%
- −$4.52
- Slippage, 4 orders
- −$50.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$109.06
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 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, 4 min ago | 1.17 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.47 bp | 18.8 bp −$19 | 53.8 bp −$538 | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1367% | 1h | 0.3412 | −0.099% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0556% | 8h | 0.3415 | −0.011% | $811K | $307K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3410 | −0.158% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.741% | $4K | $148K | 12x | as long as short |
| BloFin STX-USDT | +0.0099% | 8h | 0.3412 | −0.108% | $432K | $241K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3413 | −0.085% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3409 | −0.196% | $8.0M | $20.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3407 | −0.255% | $8.7M | $7.5M | 75x | as long as short |
| OKX STX-USDT-SWAPshort | +0.0100% | 8h | 0.3410 | −0.167% | $2.4M | $6.6M | 20x | |
| Gate STX_USDT | +0.0100% | 8h | 0.3405 | −0.313% | $597K | $442K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3409 | −0.196% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3413 | −0.079% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3408 | −0.225% | $4.9M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3410 | −0.167% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3419 | +0.097% | $57K | $681K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3409 | −0.210% | $180K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3414 | −0.061% | $5K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0269% | 1h | 0.3416 | long leg | $1.5M | $1.0M | 5x |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]