Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%
Price spread now: Hyperliquid against OKX+0.206%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.197%−$20 · spread now +0.206%, 7d avg +0.052%
=Together, before fees−0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: Hyperliquid is 0.154% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.052%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX W-USDT-SWAP | 0.01165 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $1.3M | $1.6M | 20x |
| Short | Hyperliquid W | 0.01167 | 0.0100 | get 0.0013% / 1h | 32m 22s | $2.0M | $282K | 5x |
OKX W-USDT-SWAP
Hyperliquid WFunding 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
- $0
- Price spread: +0.206% → +0.052%
- $15.38
- Slippage, 4 orders
- −$89.07
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$92.69
- Costs to cover
- 1.081%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 8 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, 4 min ago | 2.57 bp | 31.2 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 4.29 bp | 22.2 bp −$22 | 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 | −0.0007% | 1h | 0.01166 | +0.086% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.812% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01167 | +0.206% | $2.0M | $282K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01166 | +0.098% | $2.9M | $5.3M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01164 | −0.052% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAPlong | +0.0100% | 4h | 0.01165 | long leg | $1.3M | $1.6M | 20x | |
| Gate W_USDT | +0.0100% | 4h | 0.01165 | −0.009% | $424K | $239K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01166 | +0.129% | $12.2M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01165 | +0.034% | $386K | $191K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01166 | +0.120% | $1.3M | $539K | 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 | 0.01166 | +0.146% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01168 | +0.258% | $43K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01168 | +0.276% | $71K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01169 | +0.408% | $123K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01166 | +0.120% | $60K | $147K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01178 | +1.108% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1749% | 1h | 0.01168 | +0.311% | $145K | $185K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD