Funding you earn now, next payment 09:00 UTC−0.0657%/8h= −71.9% APRpaid last 24h −0.106%
Price spread now: Orderly against Hyperliquid−0.095%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Orderly is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2102 | 0.0757 | pay 0.0095% / 1h | 12m 11s | $9.1M | $8.5M | 5x |
| Short | Orderly PERP_FET_USDC | 0.2100 | 0.0100 | get 0.0100% / 8h | 7h 12m | $37K | $12K | 10x |
Hyperliquid FET
Orderly PERP_FET_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$137.92
- Price spread: −0.095% → 0.000%
- −$9.51
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$162.43
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Orderly: no order-book sample. 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 Hyperliquid live order book, 10 min ago | 1.44 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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.
FET on 20 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 FET_USDC-PERPETUAL | −0.1176% | 1h | 0.2101 | −0.048% | $43K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2102 | 0.000% | $144K | $286K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0293% | 1h | 0.2102 | −0.020% | $1.1M | $2.0M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2098 | −0.212% | $21K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2100 | −0.095% | $2K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2101 | −0.054% | $191K | $758K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2098 | −0.190% | $2.9M | $12.3M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2100 | −0.095% | $10.8M | $17.7M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2087 | −0.704% | $301K | $580K | — | as long as short |
| Orderly PERP_FET_USDCshort | +0.0100% | 8h | 0.2100 | −0.095% | $37K | $12K | 10x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0106% | 8h | 0.2100 | −0.095% | $17.2M | $11.6M | 75x | as long as short |
| Extended FET-USD | +0.0120% | 1h | 0.2099 | −0.151% | $32K | $204K | 10x | as long as short |
| MEXC FET_USDT | +0.0122% | 8h | 0.2098 | −0.190% | $30.1M | $25.5M | 200x | as long as short |
| Binance FETUSDT | +0.0122% | 8h | 0.2100 | −0.118% | $32.1M | $112.0M | 75x | as long as short |
| BingX FET-USDT | +0.0125% | 8h | 0.2100 | −0.095% | — | $5.9M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0141% | 4h | 0.2099 | −0.143% | $1.1M | $8.1M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0203% / S −0.0301% | 1h | 0.2097 | −0.245% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0243% | 8h | 0.2098 | −0.190% | $1.7M | $3.5M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2083 | −0.890% | $36K | $35K | 5x | as long as short |
| Hyperliquid FETlong | +0.0757% | 1h | 0.2102 | long leg | $9.1M | $8.5M | 5x |
Bitget FETUSDT
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
BingX FET-USDT
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Phoenix FET