Funding you earn now, next payment 05:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.035%
Price spread now: OKX against Hyperliquid−0.077%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days+0.067%+$7 · spread now −0.077%, 7d avg −0.044%
=Together, before fees−0.034%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 OKX is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETH | 2,729.1 | 0.0100 | pay 0.0013% / 1h | 8m 14s | $3.09B | $2.05B | 25x |
| Short | OKX ETH-USDT-SWAP | 2,727 | 0.0080 | get 0.0080% / 8h | 3h 08m | $1.67B | $10.72B | 100x |
Hyperliquid ETH
OKX ETH-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$4.28
- Price spread: −0.077% → −0.044%
- −$3.27
- Slippage, 4 orders
- −$0.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$26.95
- Costs to cover
- 0.194%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago | 0.18 bp | 4.7 bp −$5 | 4.7 bp −$47 | 5.6 bp −$564 | 7.4 bp −$3,689 |
| Sell OKX live order book, 6 min ago | 0.02 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.2 bp −$521 | 7.3 bp −$3,648 |
ETH on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl ETH | −0.0335% | 43m | 2,725.6 | −0.128% | $301K | $5.6M | 8.3x | as long as short |
| Hotstuff ETH-PERP | −0.0080% | 1h | 2,726.2 | −0.106% | $5K | $1K | 50x | as long as short |
| HTX ETH-USDT | −0.0019% | 8h | 2,726 | −0.112% | $1.05B | $1.20B | 200x | as long as short |
| GMX ETH/USD [ETH-USDC] | L −0.0010% / S +0.0043% | 1h | 2,726.8 | −0.085% | $11.9M | — | 200x | as long as short |
| Phoenix ETH | −0.0006% | 1h | 2,728.7 | −0.015% | $816K | $2.9M | 25x | as long as short |
| Kalshi KXETHPERP | 0.0000% | 8h | 2,726.8 | −0.084% | $6.2M | $685.9M | 4.9x | as long as short |
| dYdX ETH-USD | +0.0006% | 1h | 2,726.8 | −0.086% | $10.7M | $42.1M | 50x | as long as short |
| gTrade (Gains Network) ETH/USD | L +0.0007% / S −0.0006% | 1h | 2,726.8 | −0.084% | $28.0M | — | 200x | as long as short |
| BingX ETH-USDT | +0.0028% | 8h | 2,726.9 | −0.080% | — | $1.14B | — | as long as short |
| Bullet ETH-USD | +0.0037% | 1h | 2,726.3 | −0.102% | $177K | $1.7M | 20x | as long as short |
Perpl ETH
Hotstuff ETH-PERP
HTX ETH-USDT
GMX ETH/USD [ETH-USDC]
Phoenix ETH
Kalshi KXETHPERP
dYdX ETH-USD
gTrade (Gains Network) ETH/USD
BingX ETH-USDT
Bullet ETH-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHUSDT | +0.0037% | 8h | 2,726.8 | −0.083% | $2.36B | $4.39B | 150x | as long as short |
| 01 Exchange ETHUSD | +0.0048% | 1h | 2,726.3 | −0.103% | $186K | $814K | 50x | as long as short |
| SunX ETH-USDT | +0.0055% | 8h | 2,725.7 | −0.125% | $955K | $11.2M | 100x | as long as short |
| KuCoin ETHUSDTM | +0.0066% | 8h | 2,726.9 | −0.080% | $377.4M | $574.7M | 100x | as long as short |
| Aster ETHUSDT | +0.0076% | 8h | 2,726.6 | −0.091% | $252.2M | $842.3M | 200x | as long as short |
| OKX ETH-USDT-SWAPshort | +0.0080% | 8h | 2,727 | −0.077% | $1.67B | $10.72B | 100x | |
| Aevo ETH-PERP | +0.0080% | 1h | 2,724 | −0.187% | $4.9M | $155K | 20x | as long as short |
| MEXC ETH_USDT | +0.0084% | 8h | 2,726.5 | −0.097% | $1.56B | $2.58B | 500x | as long as short |
| Binance ETHUSDT | +0.0084% | 8h | 2,726.8 | −0.085% | $6.32B | $15.94B | 150x | as long as short |
| Phemex ETHUSDT | +0.0087% | 8h | 2,726.4 | −0.097% | $264.2M | $64.2M | 150x | as long as short |
| ApeX Omni ETHUSDT | +0.0087% | 1h | 2,728 | −0.039% | $8.7M | $31.2M | 100x | as long as short |
| SoDEX ETH-USD | +0.0091% | 1h | 2,726.4 | −0.099% | $54.3M | $187.8M | 40x | as long as short |
| Lighter ETH | +0.0096% | 1h | 2,726.8 | −0.084% | $112.4M | $435.9M | 50x | as long as short |
| Lighter RH ETH | +0.0096% | 1h | 2,728.2 | −0.034% | $23.3M | $104.8M | 50x | as long as short |
| Jupiter Perps ETH-PERP | L +0.0096% / S +0.0048% | 1h | 2,726.1 | −0.109% | — | $31.0M | 500x | as long as short |
| Injective ETH/USDC PERP | +0.0096% | 1h | 2,730.8 | +0.062% | $117K | $22.5M | 52x | as long as short |
| Aftermath Perps ETHUSD | +0.0100% | 1h | 2,728.4 | −0.026% | $30K | $20K | 20x | as long as short |
| Katana Perps ETH-USD | +0.0100% | 8h | 2,725.5 | −0.132% | $498K | $3.4M | 50x | as long as short |
| Paradex ETH-USD-PERP | +0.0100% | 8h | 2,727.4 | −0.063% | $15.4M | $8.0M | 50x | as long as short |
| Nado ETH-PERP | +0.0100% | 1h | 2,725.6 | −0.129% | $13.8M | $104.7M | 50x | as long as short |
| Hyperliquid ETHlong | +0.0100% | 1h | 2,729.1 | long leg | $3.09B | $2.05B | 25x | |
| Pacifica ETH | +0.0100% | 1h | 2,726.8 | −0.084% | $31.8M | $334.0M | 50x | as long as short |
| Ondo Perps ETH-USD.P | +0.0100% | 1h | 2,724.9 | −0.154% | $2.7M | $16.7M | 25x | as long as short |
| Arcus ETH-USD | +0.0100% | 1h | 2,726.4 | −0.100% | $1.5M | $16.0M | 25x | as long as short |
| Bulk ETH-USD | +0.0100% | 1h | 2,728.2 | −0.032% | $167.8M | $301.9M | 25x | as long as short |
| Gate ETH_USDT | +0.0100% | 8h | 2,727.1 | −0.075% | $3.33B | $8.96B | 200x | as long as short |
| Bitget ETHUSDT | +0.0100% | 8h | 2,727 | −0.075% | $2.07B | $2.73B | 150x | as long as short |
| Backpack ETH_USDC_PERP | +0.0100% | 1h | 2,726.7 | −0.090% | $14.9M | $41.6M | 50x | as long as short |
| Variational Omni ETH | +0.0100% | 8h | 2,727 | −0.077% | $134.7M | $322.9M | — | as long as short |
| edgeX ETHUSDC | +0.0100% | 4h | 2,728.1 | −0.037% | $183.5M | $671.0M | 100x | as long as short |
| GRVT ETH_USDT_Perp | +0.0100% | 8h | 2,728.8 | −0.013% | $158.8M | $86.9M | 50x | as long as short |
| StandX ETH-USD | +0.0100% | 1h | 2,727.8 | −0.048% | $21.0M | $72.0M | 40x | as long as short |
| Vest ETH-PERP | +0.0100% | 1h | 2,727 | −0.077% | — | $846K | 50x | as long as short |
| Polymarket Perps ETH-USD | +0.0100% | 1h | 2,727.4 | −0.062% | $11.2M | $9.5M | 50x | as long as short |
| Bluefin ETH-PERP | +0.0100% | 1h | 2,726.7 | −0.089% | $21K | $20K | 25x | as long as short |
| Derive ETH-PERP | +0.0100% | 1h | 2,728.2 | −0.032% | $40.9M | $30.1M | 15x | as long as short |
| Extended ETH-USD | +0.0104% | 1h | 2,725.7 | −0.123% | $30.6M | $73.5M | 50x | as long as short |
| RISEx ETH/USDC | +0.0107% | 1h | 2,726.2 | −0.105% | $5.6M | $11.7M | 25x | as long as short |
| Deribit ETH-PERPETUAL | +0.0109% | 1h | 2,727.7 | −0.051% | $258.4M | $202.6M | 50x | as long as short |
| Coinbase International ETH-PERP-INTX | +0.0120% | 1h | 2,727.5 | −0.059% | $50.4M | $4.27B | 50x | as long as short |
| Kraken Futures PF_ETHUSD | +0.0153% | 1h | 2,727.3 | −0.067% | $83.4M | $315.9M | 100x | as long as short |
| Orderly PERP_ETH_USDC | +0.0190% | 8h | 2,729.2 | +0.003% | $32.1M | $11.6M | 100x | as long as short |
| Reya ETHRUSDPERP | +0.0207% | 1h | 2,725.6 | −0.130% | $7.3M | $1.2M | 25x | as long as short |
| Hibachi ETH/USDT-P | +0.0232% | 1h | 2,726.8 | −0.085% | $247K | $1.4M | 20x | as long as short |
| BloFin ETH-USDT | +0.0337% | 8h | 2,725.1 | −0.146% | $281.4M | $174.3M | 150x | as long as short |
Bybit ETHUSDT
01 Exchange ETHUSD
SunX ETH-USDT
KuCoin ETHUSDTM
Aster ETHUSDT
Aevo ETH-PERP
MEXC ETH_USDT
Binance ETHUSDT
Phemex ETHUSDT
ApeX Omni ETHUSDT
SoDEX ETH-USD
Lighter ETH
Lighter RH ETH
Jupiter Perps ETH-PERP
Injective ETH/USDC PERP
Aftermath Perps ETHUSD
Katana Perps ETH-USD
Paradex ETH-USD-PERP
Nado ETH-PERP
Pacifica ETH
Ondo Perps ETH-USD.P
Arcus ETH-USD
Bulk ETH-USD
Gate ETH_USDT
Bitget ETHUSDT
Backpack ETH_USDC_PERP
Variational Omni ETH
edgeX ETHUSDC
GRVT ETH_USDT_Perp
StandX ETH-USD
Vest ETH-PERP
Polymarket Perps ETH-USD
Bluefin ETH-PERP
Derive ETH-PERP
Extended ETH-USD
RISEx ETH/USDC
Deribit ETH-PERPETUAL
Coinbase International ETH-PERP-INTX
Kraken Futures PF_ETHUSD
Orderly PERP_ETH_USDC
Reya ETHRUSDPERP
Hibachi ETH/USDT-P
BloFin ETH-USDT