data as of
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Funding arb /

INIT

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Funding spread now, next payment 18:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days0.000%to open and closeno order book
Long on OKXShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX INIT-USDT-SWAP0.080940.0100pay 0.0050% / 4h2h 41m$132K$642K10x
ShortHyperliquid INIT0.081020.0100get 0.0013% / 1h41m 47s$297K$240K3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$19
Break-even
never at this rate
Slippage unknown: OKX: live order book, 61 min ago; Hyperliquid: live order book, 19 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.104%
Avg gap 7d
+0.017%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 61 min ago5.46 bp49.5 bp −$50doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 19 min ago1.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

INIT on 13 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hyperliquid INITshort+0.0100%1h$297K$240K3x
Aster INITUSDT+0.0100%4h$27K$36K5xas long as short
Binance INITUSDT+0.0100%4h$3.4M$3.7M25xas long as short
Bybit INITUSDT+0.0100%4h$1.4M$1.4M25xas long as short
OKX INIT-USDT-SWAPlong+0.0100%4h$132K$642K10x
Gate INIT_USDT+0.0100%8h$82K$56K25xas long as short
MEXC INIT_USDT+0.0100%4h$497K$202K20xas long as short
KuCoin INITUSDTM+0.0100%4h$323K$58K25xas long as short
Bitget INITUSDT+0.0100%4h$423K$318K25xas long as short
BingX INIT-USDT+0.0100%4h—$6.6M—as long as short
Show all 13 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni INIT+0.0100%4h$26K$22K—as long as short
BloFin INIT-USDT+0.0150%4h$163K$107K25xas long as short
Kraken Futures PF_INITUSD+0.0286%1h$6K$20K10xas long as short