Funding you earn now, next payment 07:00 UTC+0.0607%/8h= +66.5% APRnext payment +$0.76 per $10,000 · paid last 24h −0.014%
Price spread now: dYdX against Hyperliquid−0.118%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2102.100% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.118%, 7d avg −0.081%
=Together, before fees+0.289%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. dYdX is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.118% now, against its 7-day average of −0.081%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.241% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.76 per $10,000. 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 LINK | 12.866 | 0.0335 | pay 0.0042% / 1h | 33m 54s | $80.2M | $27.7M | 10x |
| Short | dYdX LINK-USD | 12.851 | 0.0942 | get 0.0118% / 1h | 33m 54s | $342K | $33K | 10x |
Hyperliquid LINK
dYdX LINK-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $127.48
- Price spread: −0.118% → −0.081%
- −$3.69
- Slippage, 4 orders
- −$191.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$86.23
- Costs to cover
- 2.100%
- Break-even
- 11.7 days
Slippage from Hyperliquid: live order book, 10 min ago; dYdX: live order book, 10 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, 10 min ago | 0.39 bp | 6.5 bp −$6 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 10 min ago | 46.36 bp | 147.0 bp −$147 | 147.1 bp −$1,471 | 161.5 bp −$16.1K | 212.4 bp −$106.2K |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0089% / S +0.0166% | 1h | 12.853 | −0.103% | $1.7M | — | 200x | as long as short |
| Orderly PERP_LINK_USDC | −0.0004% | 8h | 12.840 | −0.202% | $93K | $1.1M | 20x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 12.854 | −0.093% | $512K | $2.3M | 3.7x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0004% / S −0.0005% | 1h | 12.847 | −0.147% | $155K | — | 150x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −3.622% | $4K | $48K | 12x | as long as short |
| Phoenix LINK | +0.0093% | 1h | 12.874 | +0.063% | $3K | $85K | 10x | as long as short |
| Lighter LINK | +0.0096% | 1h | 12.849 | −0.131% | $1.9M | $2.8M | 10x | as long as short |
| Paradex LINK-USD-PERP | +0.0100% | 8h | 12.846 | −0.157% | $31K | $2K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 12.848 | −0.144% | $349K | $340K | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 12.852 | −0.107% | $1.3M | $2.4M | 50x | as long as short |
GMX LINK/USD [LINK-USDC]
Orderly PERP_LINK_USDC
Kalshi KXLINKPERP
gTrade (Gains Network) LINK/USD
Injective LINK/USDC PERP
Phoenix LINK
Lighter LINK
Paradex LINK-USD-PERP
Nado LINK-PERP
Aster LINKUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LINK | +0.0100% | 1h | 12.852 | −0.109% | $274K | $183K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 12.851 | −0.119% | $118.5M | $301.9M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 12.846 | −0.155% | $83.0M | $73.8M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 12.849 | −0.132% | $26.9M | $80.7M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 12.866 | 0.000% | $180K | $94K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 12.845 | −0.163% | $123.8M | $15.3M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 12.851 | −0.117% | $34.3M | $58.3M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 12.853 | −0.101% | $22.7M | $12.9M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 12.846 | −0.155% | $53.8M | $30.5M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 12.850 | −0.124% | — | $6.7M | — | as long as short |
| Variational Omni LINK | +0.0100% | 8h | 12.849 | −0.130% | $3.3M | $1.7M | — | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 12.870 | +0.033% | $43K | $307K | 20x | as long as short |
| GRVT LINK_USDT_Perp | +0.0100% | 8h | 12.866 | +0.001% | $581K | $2.9M | 10x | as long as short |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 12.873 | +0.054% | $132K | $670K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 12.848 | −0.140% | $80K | $70K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 12.852 | −0.109% | $16K | $22K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 12.861 | −0.040% | $33K | $1.4M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 12.847 | −0.148% | $10K | $61K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 12.820 | −0.358% | $629K | $787K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 12.843 | −0.179% | $626K | $2.0M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 12.848 | −0.136% | $539K | $2K | 3x | as long as short |
| Backpack LINK_USDC_PERP | +0.0109% | 1h | 12.857 | −0.070% | $335K | $388K | 15x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0120% | 1h | 12.848 | −0.140% | $931K | $2.8M | 50x | as long as short |
| Kraken Futures PF_LINKUSD | +0.0194% | 1h | 12.850 | −0.121% | $6.6M | $8.3M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 12.856 | −0.078% | $5.2M | $15.8M | 75x | as long as short |
| Hyperliquid LINKlong | +0.0335% | 1h | 12.866 | long leg | $80.2M | $27.7M | 10x | |
| Reya LINKRUSDPERP | +0.0397% | 1h | 12.843 | −0.182% | $4K | — | 20x | as long as short |
| Deribit LINK_USDC-PERPETUAL | +0.0435% | 1h | 12.854 | −0.093% | $804K | $266K | 50x | as long as short |
| Phemex LINKUSDT | +0.0587% | 8h | 12.866 | 0.000% | $19.9M | $11.3M | 50x | as long as short |
| dYdX LINK-USDshort | +0.0942% | 1h | 12.851 | −0.118% | $342K | $33K | 10x |
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Variational Omni LINK
edgeX LINKUSDC
GRVT LINK_USDT_Perp
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Backpack LINK_USDC_PERP
Coinbase International LINK-PERP-INTX
Kraken Futures PF_LINKUSD
BloFin LINK-USDT
Reya LINKRUSDPERP
Deribit LINK_USDC-PERPETUAL
Phemex LINKUSDT