Funding you earn now, next payment 22:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.019%
Price spread now: Hyperliquid against Orderly+0.153%7-day average +0.085% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.153%, 7d avg +0.085%
=Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.067% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_WIF_USDC | 0.2366 | 0.0090 | pay 0.0045% / 4h | 2h 12m | $4K | $1.3M | 10x |
| Short | Hyperliquid WIF | 0.2370 | 0.0100 | get 0.0013% / 1h | 12m 52s | $7.4M | $4.0M | 5x |
Orderly PERP_WIF_USDC
Hyperliquid WIFFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $2.02
- Price spread: +0.153% → +0.085%
- $6.71
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$6.27
- Costs to cover
- 0.150%
- Break-even
- 28.7 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 3.98 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
WIF on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack WIF_USDC_PERP | −0.0643% | 1h | 0.2365 | −0.042% | $73K | $235K | 10x | as long as short |
| Deribit WIF_USDC-PERPETUAL | −0.0594% | 1h | 0.2367 | +0.042% | $46K | $289K | 25x | as long as short |
| Injective WIF/USDC PERP | −0.0321% | 1h | 0.2395 | +1.226% | $10K | $10K | 12x | as long as short |
| KuCoin WIFUSDTM | −0.0194% | 4h | 0.2365 | −0.042% | $4.1M | $11.2M | 75x | as long as short |
| Kraken Futures PF_WIFUSD | −0.0077% | 1h | 0.2369 | +0.140% | $627K | $2.1M | 50x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2373 | +0.289% | $18K | $582 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0002% | 1h | 0.2368 | +0.085% | $14K | — | 150x | as long as short |
| Variational Omni WIF | +0.0006% | 4h | 0.2370 | +0.186% | $76K | $56K | — | as long as short |
| Gate WIF_USDT | +0.0038% | 4h | 0.2367 | +0.042% | $1.2M | $6.9M | 50x | as long as short |
| Aster WIFUSDT | +0.0049% | 4h | 0.2367 | +0.023% | $23K | $254K | 10x | as long as short |
Backpack WIF_USDC_PERP
Deribit WIF_USDC-PERPETUAL
Injective WIF/USDC PERP
KuCoin WIFUSDTM
Kraken Futures PF_WIFUSD
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Variational Omni WIF
Gate WIF_USDT
Aster WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT WIF_USDT_Perp | +0.0052% | 4h | 0.2370 | +0.171% | $272K | $1.8M | 10x | as long as short |
| Orderly PERP_WIF_USDClong | +0.0090% | 4h | 0.2366 | long leg | $4K | $1.3M | 10x | |
| Lighter WIF | +0.0096% | 1h | 0.2367 | +0.046% | $131K | $540K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2367 | +0.042% | $52K | $482K | 20x | as long as short |
| Hyperliquid WIFshort | +0.0100% | 1h | 0.2370 | +0.153% | $7.4M | $4.0M | 5x | |
| Pacifica WIF | +0.0100% | 1h | 0.2368 | +0.085% | $75K | $48K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2366 | 0.000% | $17.5M | $99.3M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2366 | +0.004% | $16.6M | $34.6M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2366 | 0.000% | $6.0M | $30.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2366 | 0.000% | $21.1M | $10.8M | 50x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2367 | +0.042% | $7.2M | $11.5M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2364 | −0.085% | — | $2.3M | — | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2374 | +0.338% | $42K | $617K | 25x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2363 | −0.127% | $2K | $2.8M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2366 | 0.000% | $539 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2366 | 0.000% | $164K | $719K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2365 | −0.030% | $10K | $153K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2366 | 0.000% | $79K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0157% / S −0.0800% | 1h | 0.2367 | +0.057% | $4K | — | 100x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0272% | 1h | 0.2380 | +0.592% | $312K | $2.3M | 50x | as long as short |
| BloFin WIF-USDT | +0.0340% | 4h | 0.2368 | +0.085% | $968K | $684K | 75x | as long as short |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2366 | +0.017% | $0 | — | 15x | as long as short |
GRVT WIF_USDT_Perp
Lighter WIF
Popdex WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAP
MEXC WIF_USDT
Bitget WIFUSDT
BingX WIF-USDC
ApeX Omni WIFUSDT
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
BloFin WIF-USDT
Reya WIFRUSDPERP