Funding you earn now, next payment 20:00 UTC−0.3951%/8hnext payment −$4.94 per $10,000 · paid last 24h −0.527%
Price spread now: Hyperliquid against dYdX−0.004%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$345as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2062.065% of the position
Funding, last 7 days−1.385%−$138 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.004%, 7d avg +0.060%
=Together, before fees−1.308%+ Points / potential airdropHyperliquid: Season 2 · farm board−$131 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$119 a day on $10k at the current rate, and Hyperliquid is 0.064% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.060%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.385% in total (about -72.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.94 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 | dYdX ALGO-USD | 0.1117 | 0.4051 | pay 0.0506% / 1h | 6m 44s | $160K | $6K | 5x |
| Short | Hyperliquid ALGO | 0.1117 | 0.0100 | get 0.0013% / 1h | 6m 44s | $3.8M | $2.0M | 5x |
dYdX ALGO-USD
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- −$829.75
- Price spread: −0.004% → +0.060%
- −$6.43
- Slippage, 4 orders
- −$187.46
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1,042.64
- Costs to cover
- 2.065%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 26 min ago; Hyperliquid: live order book, 9 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 dYdX live order book, 26 min ago | 66.43 bp | 71.4 bp −$71 | 71.4 bp −$714 | 132.7 bp −$13.3K | 907.9 bp −$454.0K |
| Sell Hyperliquid live order book, 9 min ago | 0.89 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0377% | 1h | 0.1116 | −0.058% | $101K | $54K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0156% | 1h | 0.1116 | −0.028% | $825K | $1.2M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0069% | 8h | 0.1115 | −0.184% | $11.3M | $12.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1117 | +0.001% | $7K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0005% | 8h | 0.1116 | −0.054% | $65K | $11K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0008% | 1h | 0.1114 | −0.264% | $62K | $350K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1129 | +1.106% | $841 | $81K | 12x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1117 | −0.004% | $3.8M | $2.0M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.103% | $44K | $34K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.175% | $9.9M | $35.1M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1114 | −0.193% | $3.0M | $7.9M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.184% | $848K | $807K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1115 | −0.121% | $22.4M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.121% | $3.6M | $1.6M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.058% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.139% | — | $3.1M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.085% | $66K | $110K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0101% | 8h | 0.1119 | +0.210% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1115 | −0.185% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1116 | −0.076% | $490K | $781K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1116 | −0.025% | $5K | — | 100x | as long as short |
| dYdX ALGO-USDlong | +0.4051% | 1h | 0.1117 | long leg | $160K | $6K | 5x |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]