Funding you earn now, next payment 05:00 UTC−0.1277%/8h= −139.8% APRpaid last 24h −0.467%
Price spread now: OKX against Hyperliquid−0.112%7-day average −0.335% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$165as in the Price arb table
costs, in and out, $10k−$1881.877% of the position
Funding, last 7 days−0.712%−$71 on $10k
+Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.112%, 7d avg −0.335%
=Together, before fees−0.570%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.223% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.112% now, against its 7-day average of −0.335%): +$22 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.712% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.712% in total (about -37.1% 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 | Hyperliquid HMSTR | 0.0001790 | 0.1377 | pay 0.0172% / 1h | 51m 50s | $2.0M | $117K | 3x |
| Short | OKX HMSTR-USDT-SWAP | 0.0001788 | 0.0100 | get 0.0050% / 4h | 3h 51m | $615K | $744K | 10x |
Hyperliquid HMSTR
OKX HMSTR-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
- −$268.12
- Price spread: −0.112% → −0.335%
- $22.31
- Slippage, 4 orders
- −$168.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$433.5
- Costs to cover
- 1.877%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; OKX: live order book, 29 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, 9 min ago | 28.01 bp | 81.4 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 29 min ago | 2.81 bp | 38.2 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001788 | −0.112% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001788 | −0.095% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001788 | −0.112% | $2.2M | $1.9M | 10x | as long as short |
| Bybit HMSTRUSDT | +0.0100% | 4h | 0.0001789 | −0.056% | $1.5M | $596K | 25x | as long as short |
| OKX HMSTR-USDT-SWAPshort | +0.0100% | 4h | 0.0001788 | −0.112% | $615K | $744K | 10x | |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001787 | −0.168% | $400K | $229K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001787 | −0.168% | $387K | $114K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001788 | −0.112% | $245K | $53K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001778 | −0.660% | $2K | $919 | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001782 | −0.447% | $13K | $613K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
Bybit HMSTRUSDT
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001788 | −0.133% | $933 | — | 5x | as long as short |
| Hyperliquid HMSTRlong | +0.1377% | 1h | 0.0001790 | long leg | $2.0M | $117K | 3x | |
| Kraken Futures PF_HMSTRUSD | +0.2144% | 1h | 0.0001791 | +0.075% | $10K | $6K | 10x | as long as short |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD