Funding you earn now, next payment 01:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.009%
Price spread now: BloFin against Hyperliquid−0.152%67s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.152%, 7d avg −0.059%
=Together, before fees+0.114%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.093% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.059%). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.9255 | 0.0100 | pay 0.0013% / 1h | 27m 59s | $714K | $654K | 3x |
| Short | BloFin ORDI-USDT | 4.9180 | 0.0083 | get 0.0041% / 4h | 3h 27m | $605K | $311K | 75x |
Hyperliquid ORDI
BloFin ORDI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$3.61
- Price spread: −0.152% → −0.059%
- −$9.32
- Slippage, 4 orders
- −$54.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.82
- Costs to cover
- 0.759%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 32 min ago; BloFin: live order book, 43 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, 32 min ago | 2.46 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 3.09 bp | 13.7 bp −$14 | 33.4 bp −$334 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9225 | −0.061% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.522% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTshort | +0.0083% | 4h | 4.9180 | −0.152% | $605K | $311K | 75x | |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.9255 | long leg | $714K | $654K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9213 | −0.086% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9219 | −0.073% | $10.1M | $31.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9190 | −0.132% | $4.2M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9190 | −0.132% | $5.3M | $16.7M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9180 | −0.152% | $1.3M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9220 | −0.071% | $7.2M | $3.3M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance 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 | 4.9215 | −0.081% | $956K | $804K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9210 | −0.091% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9180 | −0.152% | — | $27.5M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9062 | −0.391% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9140 | −0.233% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9170 | −0.173% | $90K | $347K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9213 | −0.084% | $4K | $230K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9194 | −0.124% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2943% | 1h | 4.9337 | +0.167% | $66K | $39K | 25x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD