Funding you earn now, next payment 22:00 UTC+0.0171%/8h= +18.8% APRpaid last 24h +0.021%
Price spread now: Hyperliquid against OKX+0.158%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as 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)0.000%$0 · spread now +0.158%, 7d avg +0.122%
=Together, before fees+0.010%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.037% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.122%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX STX-USDT-SWAP | 0.3410 | 0.0100 | pay 0.0100% / 8h | 2h 16m | $2.4M | $6.6M | 20x |
| Short | Hyperliquid STX | 0.3415 | 0.0271 | get 0.0034% / 1h | 16m 21s | $1.5M | $1.0M | 5x |
OKX STX-USDT-SWAP
Hyperliquid STXFunding 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
- $35.97
- Price spread: +0.158% → +0.122%
- $3.67
- Slippage, 4 orders
- −$50.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.4
- Costs to cover
- 0.690%
- Break-even
- 12.7 days
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 4 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 OKX live order book, 2 min ago | 1.47 bp | 22.3 bp −$22 | 97.6 bp −$976 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.17 bp | 13.2 bp −$13 | doesn't fit | 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 | +0.068% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0556% | 8h | 0.3415 | +0.156% | $811K | $307K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3410 | +0.009% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.909% | $4K | $148K | 12x | as long as short |
| BloFin STX-USDT | +0.0099% | 8h | 0.3412 | +0.059% | $432K | $241K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3415 | +0.145% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3409 | −0.029% | $8.0M | $20.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3407 | −0.088% | $8.7M | $7.5M | 75x | as long as short |
| OKX STX-USDT-SWAPlong | +0.0100% | 8h | 0.3410 | long leg | $2.4M | $6.6M | 20x | |
| Gate STX_USDT | +0.0100% | 8h | 0.3406 | −0.117% | $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 | 0.3410 | 0.000% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3415 | +0.147% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3408 | −0.059% | $4.9M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3410 | 0.000% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3419 | +0.264% | $57K | $681K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3409 | −0.043% | $180K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3414 | +0.106% | $5K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0271% | 1h | 0.3415 | +0.158% | $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]