Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Hyperliquid+0.234%7-day average −0.017% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.234%, 7d avg −0.017%
=Together, before fees−0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.251% dearer against Hyperliquid than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08164 | 0.0100 | pay 0.0013% / 1h | 33m 48s | $296K | $235K | 3x |
| Short | OKX INIT-USDT-SWAP | 0.08183 | 0.0100 | get 0.0050% / 4h | 2h 33m | $132K | $631K | 10x |
Hyperliquid INIT
OKX INIT-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
- $0
- Price spread: +0.234% → −0.017%
- $25.11
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $6.11
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 50 min ago; OKX: live order book, 52 min ago. 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, 50 min ago | 1.89 bp | 38.1 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 52 min ago | 4.87 bp | 43.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
INIT 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid INITlong | +0.0100% | 1h | 0.08164 | long leg | $296K | $235K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08166 | +0.026% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08167 | +0.038% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08159 | −0.060% | $1.4M | $1.4M | 25x | as long as short |
| OKX INIT-USDT-SWAPshort | +0.0100% | 4h | 0.08183 | +0.234% | $132K | $631K | 10x | |
| Gate INIT_USDT | +0.0100% | 8h | 0.08162 | −0.023% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08167 | +0.038% | $444K | $216K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08169 | +0.062% | $325K | $55K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08162 | −0.023% | $426K | $311K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08163 | −0.011% | — | $6.6M | — | as long as short |
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDT
BingX INIT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni INIT | +0.0100% | 4h | 0.08155 | −0.106% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0118% | 4h | 0.08166 | +0.026% | $154K | $110K | 25x | as long as short |
| Kraken Futures PF_INITUSD | +0.0536% | 1h | 0.08166 | +0.030% | $6K | $17K | 10x | as long as short |
Variational Omni INIT
BloFin INIT-USDT
Kraken Futures PF_INITUSD