Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%
Price spread now: OKX against Hyperliquid−0.008%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days−0.075%−$8 · spread now −0.008%, 7d avg −0.055%
=Together, before fees−0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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 0.046% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01193 | 0.0100 | pay 0.0013% / 1h | 20m 49s | $2.0M | $408K | 5x |
| Short | OKX W-USDT-SWAP | 0.01193 | 0.0100 | get 0.0050% / 4h | 3h 20m | $1.3M | $2.0M | 20x |
Hyperliquid W
OKX W-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: −0.008% → −0.055%
- $4.64
- Slippage, 4 orders
- −$92.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$107.08
- Costs to cover
- 1.117%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 1 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, 10 min ago | 4.21 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 3.78 bp | 36.0 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0336% | 1h | 0.01193 | +0.025% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.341% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01193 | long leg | $2.0M | $408K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01194 | +0.050% | $3.0M | $6.7M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01192 | −0.117% | $4.2M | $1.9M | 50x | as long as short |
| OKX W-USDT-SWAPshort | +0.0100% | 4h | 0.01193 | −0.008% | $1.3M | $2.0M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01191 | −0.184% | $449K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01193 | +0.017% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01195 | +0.168% | $459K | $217K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01193 | 0.000% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01193 | +0.008% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01191 | −0.142% | $72K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01193 | +0.001% | $126K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01193 | +0.018% | $60K | $278K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01195 | +0.193% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1315% | 1h | 0.01196 | +0.218% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1429% | 1h | 0.01195 | +0.142% | $44K | $44K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP