Funding you earn now, next payment 02:00 UTC−0.0090%/8h= −9.8% APRpaid last 24h −0.064%
Price spread now: OKX against Hyperliquid+0.079%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 7 days−0.097%−$10 · spread now +0.079%, 7d avg −0.102%
=Together, before fees−0.296%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.181% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.102%): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2034 | 0.0252 | pay 0.0031% / 1h | 22m 48s | $9.0M | $8.3M | 5x |
| Short | OKX FET-USDT-SWAP | 0.2036 | 0.0162 | get 0.0081% / 4h | 2h 22m | $1.0M | $8.1M | 20x |
Hyperliquid FET
OKX FET-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
- −$18.82
- Price spread: +0.079% → −0.102%
- $18.09
- Slippage, 4 orders
- −$37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.74
- Costs to cover
- 0.560%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 5 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, 10 min ago | 0.50 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.46 bp | 21.6 bp −$22 | 68.1 bp −$681 | doesn't fit | doesn't fit |
FET 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.4166% | 1h | 0.2029 | −0.265% | $30K | $231K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0760% | 1h | 0.2031 | −0.167% | $148K | $217K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0738% | 1h | 0.2031 | −0.164% | $990K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2028 | −0.291% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.199% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2029 | −0.276% | $260K | $718K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2032 | −0.118% | $31.5M | $112.3M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2030 | −0.216% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2032 | −0.118% | $31.8M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2032 | −0.118% | $10.7M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2031 | −0.159% | $336K | $420K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2028 | −0.315% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2031 | −0.173% | $33K | $247K | 10x | as long as short |
| OKX FET-USDT-SWAPshort | +0.0162% | 4h | 0.2036 | +0.079% | $1.0M | $8.1M | 20x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2027 | −0.356% | $14K | — | 100x | as long as short |
| Hyperliquid FETlong | +0.0252% | 1h | 0.2034 | long leg | $9.0M | $8.3M | 5x | |
| BingX FET-USDT | +0.0338% | 8h | 0.2033 | −0.069% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0364% | 8h | 0.2033 | −0.069% | $16.4M | $11.8M | 75x | as long as short |
| Phoenix FET | +0.0474% | 1h | 0.2032 | −0.128% | $35K | $43K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BingX FET-USDT
Bitget FETUSDT
Phoenix FET