Funding you earn now, next payment 00:00 UTC+0.1221%/8h= +133.7% APRnext payment +$1.53 per $10,000 · paid last 24h +0.559%
Price spread now: dYdX against Hyperliquid−0.109%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$2302.296% of the position
Funding, last 7 days+1.487%+$149 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.109%, 7d avg −0.059%
=Together, before fees+1.518%+ Points / potential airdropHyperliquid: Season 2 · farm board+$152 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.059%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$37 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1125 | 0.0100 | pay 0.0013% / 1h | 23m 05s | $3.8M | $1.9M | 5x |
| Short | dYdX ALGO-USD | 0.1124 | 0.1321 | get 0.0165% / 1h | 23m 05s | $161K | $3K | 5x |
Hyperliquid ALGO
dYdX ALGO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $256.47
- Price spread: −0.109% → −0.059%
- −$5
- Slippage, 4 orders
- −$210.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $21.88
- Costs to cover
- 2.296%
- Break-even
- 6.4 days
Slippage from Hyperliquid: live order book, 8 min ago; dYdX: live order book, 56 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, 8 min ago | 1.33 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 56 min ago | 56.27 bp | 126.3 bp −$126 | 251.7 bp −$2,517 | 334.0 bp −$33.4K | 717.1 bp −$358.5K |
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0551% | 1h | 0.1123 | −0.164% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0158% | 1h | 0.1124 | −0.137% | $836K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0133% | 8h | 0.1122 | −0.244% | $11.2M | $12.0M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.440% | $62K | $303K | 50x | as long as short |
| Variational Omni ALGO | −0.0109% | 8h | 0.1123 | −0.225% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1124 | −0.112% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.449% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1125 | long leg | $3.8M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.243% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1123 | −0.173% | $10.0M | $34.3M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1123 | −0.164% | $3.0M | $7.6M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.236% | $886K | $835K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1123 | −0.173% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1123 | −0.182% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.093% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.182% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.316% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1125 | −0.004% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1123 | −0.194% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1123 | −0.227% | $494K | $789K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0324% / S −0.0318% | 1h | 0.1124 | −0.130% | $7K | — | 100x | as long as short |
| dYdX ALGO-USDshort | +0.1321% | 1h | 0.1124 | −0.109% | $161K | $3K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]