Funding you earn now, next payment 23:00 UTC+0.0474%/8h= +51.9% APRpaid last 24h +0.084%
Price spread now: Hyperliquid against OKX+0.115%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.309%+$31 on $10k
+Price spread, last 7 days−0.061%−$6 · spread now +0.115%, 7d avg +0.093%
=Together, before fees+0.248%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.022% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.093%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.309% in total (about 16.1% 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 | OKX ENA-USDT-SWAP | 0.2091 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $20.1M | $111.7M | 50x |
| Short | Hyperliquid ENA | 0.2093 | 0.0574 | get 0.0072% / 1h | 26m 45s | $110.5M | $79.7M | 10x |
OKX ENA-USDT-SWAP
Hyperliquid ENAFunding 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
- $99.61
- Price spread: +0.115% → +0.093%
- $2.21
- Slippage, 4 orders
- −$18.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $64.61
- Costs to cover
- 0.372%
- Break-even
- 2.5 days
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago | 0.24 bp | 8.8 bp −$9 | 18.8 bp −$188 | 94.2 bp −$9,422 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.24 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
ENA on 42 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 ENA_USDC_PERP | −0.0088% | 1h | 0.2091 | +0.024% | $361K | $454K | 5x | as long as short |
| Orderly PERP_ENA_USDC | −0.0058% | 4h | 0.2090 | −0.038% | $40K | $24K | 10x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2091 | −0.010% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2090 | −0.040% | $96K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.564% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2092 | +0.068% | $2.6M | $5.6M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2091 | +0.014% | $61K | $537K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2090 | −0.027% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2090 | −0.019% | $657K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2090 | −0.034% | $1.5M | $3.3M | 50x | as long as short |
Backpack ENA_USDC_PERP
Orderly PERP_ENA_USDC
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2090 | −0.037% | $404K | $578K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2090 | −0.025% | $128.8M | $457.3M | 75x | as long as short |
| Bybit ENAUSDT | +0.0100% | 4h | 0.2090 | −0.043% | $86.9M | $191.2M | 50x | as long as short |
| OKX ENA-USDT-SWAPlong | +0.0100% | 4h | 0.2091 | long leg | $20.1M | $111.7M | 50x | |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2092 | +0.043% | $15K | $405K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2091 | +0.014% | $82K | $222K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2088 | −0.105% | $88K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2090 | −0.038% | $10.4M | $21.3M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2090 | −0.024% | $45.3M | $46.8M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2091 | +0.029% | $23.8M | $16.5M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2089 | −0.077% | $47.3M | $65.2M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2090 | −0.029% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2090 | −0.048% | $3.8M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2091 | +0.026% | $248K | $7.7M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2092 | +0.062% | $360K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2092 | +0.062% | $32K | $710K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2091 | +0.010% | $182K | $2.7M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2041 | −2.382% | $1K | $815K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2091 | +0.014% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2091 | +0.033% | $271K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2090 | −0.033% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2091 | −0.006% | $77K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2091 | −0.005% | $5K | $356K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0120% | 1h | 0.2092 | +0.053% | $4K | $432 | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0234% / S −0.0396% | 1h | 0.2090 | −0.039% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0304% | 1h | 0.2090 | −0.049% | $1.6M | $4.2M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2090 | −0.029% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2089 | −0.075% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0536% | 1h | 0.2093 | +0.096% | $5.6M | $12.9M | 10x | as long as short |
| Hyperliquid ENAshort | +0.0574% | 1h | 0.2093 | +0.115% | $110.5M | $79.7M | 10x | |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2092 | +0.062% | $804K | $2.1M | 50x | as long as short |
| dYdX ENA-USD | +0.1937% | 1h | 0.2088 | −0.108% | $138K | $15K | 5x | as long as short |
Pacifica ENA
Binance ENAUSDT
Bybit ENAUSDT
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD