Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid−0.071%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1381.382% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.071%, 7d avg +0.007%
=Together, before fees+0.076%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.078% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid UMA | 0.4058 | 0.0100 | pay 0.0013% / 1h | 33m 38s | $214K | $67K | 3x |
| Short | OKX UMA-USDT-SWAP | 0.4055 | 0.0100 | get 0.0050% / 4h | 3h 33m | $315K | $242K | 10x |
Hyperliquid UMA
OKX UMA-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
- $0
- Price spread: −0.071% → +0.007%
- −$7.82
- Slippage, 4 orders
- −$119.15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$145.97
- Costs to cover
- 1.382%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 46 min ago; OKX: live order book, 17 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, 46 min ago | 2.59 bp | 35.4 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 17 min ago | 6.16 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
UMA on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin UMA-USDT | +0.0041% | 4h | 0.4054 | −0.096% | $75K | $7K | 50x | as long as short |
| Hyperliquid UMAlong | +0.0100% | 1h | 0.4058 | long leg | $214K | $67K | 3x | |
| Aster UMAUSDT | +0.0100% | 4h | 0.4056 | −0.053% | $25K | $769 | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4054 | −0.100% | $1.5M | $1.2M | 50x | as long as short |
| Bybit UMAUSDT | +0.0100% | 4h | 0.4055 | −0.071% | $672K | $149K | 25x | as long as short |
| OKX UMA-USDT-SWAPshort | +0.0100% | 4h | 0.4055 | −0.071% | $315K | $242K | 10x | |
| Gate UMA_USDT | +0.0100% | 4h | 0.4056 | −0.047% | $78K | $45K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4054 | −0.096% | $254K | $166K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4056 | −0.047% | $156K | $62K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4057 | −0.022% | $976K | $64K | 50x | as long as short |
BloFin UMA-USDT
Aster UMAUSDT
Binance UMAUSDT
Bybit UMAUSDT
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX UMA-USDT | +0.0100% | 4h | 0.4055 | −0.071% | — | $2.3M | — | as long as short |
| Variational Omni UMA | +0.0100% | 4h | 0.4058 | −0.003% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.2088% | 1h | 0.4061 | +0.078% | $14K | $6K | 10x | as long as short |
BingX UMA-USDT
Variational Omni UMA
Kraken Futures PF_UMAUSD