Funding you earn now, next payment 03:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.004%
Price spread now: Hyperliquid against Binance+0.158%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.158%, 7d avg +0.073%
=Together, before fees−0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.085% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.073%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ORDIUSDT | 4.8856 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $10.0M | $33.6M | 50x |
| Short | Hyperliquid ORDI | 4.8933 | 0.0260 | get 0.0033% / 1h | 11m 21s | $706K | $662K | 3x |
Binance ORDIUSDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $33.61
- Price spread: +0.158% → +0.073%
- $8.47
- Slippage, 4 orders
- −$30.46
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.37
- Costs to cover
- 0.495%
- Break-even
- 8.5 days
Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 29 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 Binance live order book, 15 min ago | 1.02 bp | 9.8 bp −$10 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 29 min ago | 3.57 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0352% | 1h | 4.8677 | −0.366% | $71K | $45K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8775 | −0.165% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.767% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0091% | 4h | 4.8850 | −0.012% | $606K | $304K | 75x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8812 | −0.090% | $13K | $428K | 5x | as long as short |
| Binance ORDIUSDTlong | +0.0100% | 4h | 4.8856 | long leg | $10.0M | $33.6M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8780 | −0.156% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8870 | +0.029% | $5.2M | $17.5M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8840 | −0.033% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8840 | −0.033% | $6.9M | $3.4M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8809 | −0.096% | $980K | $878K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8800 | −0.115% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8800 | −0.115% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8915 | +0.122% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8730 | −0.258% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8760 | −0.197% | $80K | $394K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8797 | −0.122% | $5K | $194K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8828 | −0.057% | $8K | — | 100x | as long as short |
| Hyperliquid ORDIshort | +0.0260% | 1h | 4.8933 | +0.158% | $706K | $662K | 3x |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]