Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against Bybit+0.306%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$670.672% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.306%, 7d avg +0.132%
=Together, before fees−0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 0.174% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ORDIUSDT | 4.8940 | 0.0100 | pay 0.0050% / 4h | 1h 03m | $4.1M | $4.6M | 50x |
| Short | Hyperliquid ORDI | 4.9090 | 0.0100 | get 0.0013% / 1h | 3m 37s | $709K | $668K | 3x |
Bybit ORDIUSDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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: +0.306% → +0.132%
- $17.42
- Slippage, 4 orders
- −$47.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$49.82
- Costs to cover
- 0.672%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 66 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 Bybit live order book, 4 min ago | 4.08 bp | 14.2 bp −$14 | 64.0 bp −$640 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 66 min ago | 2.43 bp | 20.3 bp −$20 | 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 | −0.0542% | 1h | 4.8927 | −0.027% | $70K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0054% | 4h | 4.8960 | +0.041% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8983 | +0.087% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.927% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9090 | +0.306% | $709K | $668K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8999 | +0.121% | $4K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8999 | +0.120% | $10.0M | $34.2M | 50x | as long as short |
| Bybit ORDIUSDTlong | +0.0100% | 4h | 4.8940 | long leg | $4.1M | $4.6M | 50x | |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8950 | +0.020% | $5.2M | $17.9M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9010 | +0.143% | $6.6M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
OKX ORDI-USDT-SWAP
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 | 4.8995 | +0.112% | $994K | $808K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8970 | +0.061% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8970 | +0.061% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8951 | +0.023% | $26K | $37K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8900 | −0.082% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8940 | 0.000% | $85K | $385K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9008 | +0.138% | $8K | $161K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0144% | 4h | 4.9000 | +0.123% | $596K | $306K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8941 | +0.003% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]