Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against OKX+0.080%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.080%, 7d avg +0.026%
=Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: Hyperliquid is 0.054% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX OP-USDT-SWAP | 0.1248 | 0.0100 | pay 0.0100% / 8h | 7h 52m | $6.0M | $29.5M | 50x |
| Short | Hyperliquid OP | 0.1249 | 0.0100 | get 0.0013% / 1h | 52m 04s | $3.5M | $3.6M | 5x |
OKX OP-USDT-SWAP
Hyperliquid OPFunding 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
- $0
- Price spread: +0.080% → +0.026%
- $5.38
- Slippage, 4 orders
- −$22.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.79
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Hyperliquid: 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 OKX live order book, 2 min ago | 0.40 bp | 10.9 bp −$11 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.80 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1328% | 1h | 0.1235 | −1.073% | $34K | $63K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1164% / S +0.0246% | 1h | 0.1249 | +0.074% | $13K | — | 100x | as long as short |
| GRVT OP_USDT_Perp | −0.0221% | 8h | 0.1247 | −0.091% | $310K | $5.3M | 10x | as long as short |
| Gate OP_USDT | −0.0142% | 8h | 0.1249 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| Orderly PERP_OP_USDC | −0.0053% | 8h | 0.1249 | +0.048% | $12K | $236K | 10x | as long as short |
| Bybit OPUSDT | −0.0026% | 8h | 0.1248 | −0.056% | $18.2M | $26.3M | 75x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1249 | +0.031% | $39K | $522 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1249 | +0.048% | $31K | $165K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1250 | +0.096% | — | — | 150x | as long as short |
| KuCoin OPUSDTM | +0.0041% | 8h | 0.1247 | −0.112% | $2.8M | $6.0M | 75x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
GRVT OP_USDT_Perp
Gate OP_USDT
Orderly PERP_OP_USDC
Bybit OPUSDT
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
KuCoin OPUSDTMShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni OP | +0.0070% | 8h | 0.1248 | −0.037% | $221K | $47K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1249 | +0.080% | $288K | $1.1M | 15x | as long as short |
| Hyperliquid OPshort | +0.0100% | 1h | 0.1249 | +0.080% | $3.5M | $3.6M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1249 | +0.073% | $205K | $210K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1248 | +0.004% | $19.7M | $67.7M | 75x | as long as short |
| OKX OP-USDT-SWAPlong | +0.0100% | 8h | 0.1248 | long leg | $6.0M | $29.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1248 | 0.000% | $22.3M | $7.7M | 300x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1249 | +0.048% | $5.6M | $6.8M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1248 | 0.000% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1248 | 0.000% | $117K | $222K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1246 | −0.225% | $4K | $1.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1246 | −0.192% | $43K | $694K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1248 | −0.040% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1250 | +0.112% | $166K | $259K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1247 | −0.079% | $100K | $610K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1249 | +0.043% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0112% | 1h | 0.1249 | +0.048% | $24K | $66K | 50x | as long as short |
| Kraken Futures PF_OPUSD | +0.0155% | 1h | 0.1250 | +0.112% | $744K | $676K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1248 | 0.000% | $996K | $324K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0445% | 1h | 0.1250 | +0.091% | $695 | — | 20x | as long as short |
Variational Omni OP
Lighter OP
Aster OPUSDT
Binance OPUSDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP