Funding you earn now, next payment 06:00 UTC−0.0585%/8h= −64.0% APRpaid last 24h −0.183%
Price spread now: OKX against Hyperliquid−0.230%7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$760.758% of the position
Funding, last 7 days−0.332%−$33 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.230%, 7d avg −0.227%
=Together, before fees−0.280%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.227%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.332% in total (about -17.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CFX | 0.05307 | 0.0685 | pay 0.0086% / 1h | 14m 56s | $3.1M | $380K | 5x |
| Short | OKX CFX-USDT-SWAP | 0.05295 | 0.0100 | get 0.0100% / 8h | 2h 14m | $2.6M | $5.6M | 20x |
Hyperliquid CFX
OKX CFX-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
- −$122.78
- Price spread: −0.230% → −0.227%
- −$0.24
- Slippage, 4 orders
- −$56.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$198.84
- Costs to cover
- 0.758%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 3 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, 6 min ago | 3.02 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.94 bp | 15.5 bp −$16 | 56.1 bp −$561 | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05295 | −0.237% | $4K | $41K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05295 | −0.224% | $5.2M | $10.0M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05297 | −0.192% | $2.3M | $1.4M | 25x | as long as short |
| OKX CFX-USDT-SWAPshort | +0.0100% | 8h | 0.05295 | −0.230% | $2.6M | $5.6M | 20x | |
| Gate CFX_USDT | +0.0100% | 8h | 0.05296 | −0.211% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05295 | −0.230% | $3.4M | $1.9M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05292 | −0.286% | $802K | $301K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05295 | −0.230% | $1.5M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05295 | −0.230% | — | $23.0M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05297 | −0.190% | $35K | $52K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05297 | −0.191% | $502K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05294 | −0.253% | $662 | $290K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0208% | 1h | 0.05300 | −0.136% | $39K | $122K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0613% | 1h | 0.05298 | −0.169% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFXlong | +0.0685% | 1h | 0.05307 | long leg | $3.1M | $380K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.2016% | 1h | 0.05307 | −0.004% | $140 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL