Funding you earn now, next payment 02:00 UTC+0.0235%/8h= +25.8% APRpaid last 24h +0.038%
Price spread now: Hyperliquid against OKX+0.212%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 7 days−0.046%−$5 · spread now +0.212%, 7d avg +0.179%
=Together, before fees+0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.179%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% 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 JTO-USDT-SWAP | 0.5151 | 0.0086 | pay 0.0043% / 4h | 2h 01m | $3.9M | $9.3M | 50x |
| Short | Hyperliquid JTO | 0.5162 | 0.0322 | get 0.0040% / 1h | 1m 08s | $7.1M | $3.3M | 5x |
OKX JTO-USDT-SWAP
Hyperliquid JTOFunding 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
- $49.44
- Price spread: +0.212% → +0.179%
- $3.22
- Slippage, 4 orders
- −$49.22
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$15.56
- Costs to cover
- 0.682%
- Break-even
- 9.2 days
Slippage from OKX: live order book, 2 min ago; Hyperliquid: live order book, 11 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 | 0.97 bp | 19.7 bp −$20 | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.10 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
JTO on 25 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 JTO_USDC-PERPETUAL | −0.0332% | 1h | 0.5155 | +0.078% | $13K | $10K | 10x | as long as short |
| Gate JTO_USDT | −0.0189% | 8h | 0.5153 | +0.039% | $907K | $1.1M | 75x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5158 | +0.137% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.541% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.456% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0081% | 8h | 0.5155 | +0.069% | $514 | — | 5x | as long as short |
| OKX JTO-USDT-SWAPlong | +0.0086% | 4h | 0.5151 | long leg | $3.9M | $9.3M | 50x | |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5155 | +0.078% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5162 | +0.221% | $118K | $235K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5157 | +0.125% | $127K | $222K | 10x | as long as short |
Deribit JTO_USDC-PERPETUAL
Gate JTO_USDT
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5153 | +0.040% | $11.3M | $27.3M | 75x | as long as short |
| Bybit JTOUSDT | +0.0100% | 4h | 0.5157 | +0.116% | $7.6M | $13.4M | 50x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5156 | +0.097% | $6.6M | $3.6M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5161 | +0.194% | $1.6M | $569K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5158 | +0.136% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5154 | +0.058% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5162 | +0.219% | $268K | $356K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5158 | +0.138% | $224K | $288K | — | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5136 | −0.291% | $56K | $15K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5154 | +0.065% | $520K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5159 | +0.162% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0264% | 1h | 0.5179 | +0.544% | $60K | $135K | 25x | as long as short |
| Hyperliquid JTOshort | +0.0322% | 1h | 0.5162 | +0.212% | $7.1M | $3.3M | 5x | |
| Phoenix JTO | +0.0466% | 1h | 0.5145 | −0.116% | $380K | $114K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0769% | 1h | 0.5161 | +0.188% | $347K | $306K | 25x | as long as short |
Binance JTOUSDT
Bybit JTOUSDT
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Bulk JTO-USD
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD