Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%
Price spread now: Hyperliquid against Binance−0.008%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now −0.008%, 7d avg −0.008%
=Together, before fees−0.053%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OPUSDT | 0.1244 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $19.5M | $64.0M | 75x |
| Short | Hyperliquid OP | 0.1244 | 0.0100 | get 0.0013% / 1h | 22m 45s | $3.3M | $2.9M | 5x |
Binance OPUSDT
Hyperliquid OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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: −0.008% → −0.008%
- $0.04
- Slippage, 4 orders
- −$29.05
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$48.01
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago | 0.40 bp | 10.4 bp −$10 | 24.4 bp −$244 | 100.6 bp −$10.1K | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 2.40 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1583% | 1h | 0.1236 | −0.643% | $34K | $59K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1243 | −0.105% | $13K | — | 100x | as long as short |
| Deribit OP_USDC-PERPETUAL | −0.0555% | 1h | 0.1242 | −0.161% | $40K | $139K | 25x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1245 | +0.040% | $38K | $532 | 10x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1243 | −0.115% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0012% | 8h | 0.1241 | −0.241% | $59K | $142K | 10x | as long as short |
| Variational Omni OP | +0.0023% | 8h | 0.1243 | −0.109% | $220K | $45K | — | as long as short |
| Kraken Futures PF_OPUSD | +0.0075% | 1h | 0.1244 | −0.025% | $748K | $629K | 20x | as long as short |
| Bybit OPUSDT | +0.0085% | 8h | 0.1244 | −0.008% | $18.3M | $25.6M | 75x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1244 | +0.024% | $277K | $1.0M | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Deribit OP_USDC-PERPETUAL
dYdX OP-USD
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Kraken Futures PF_OPUSD
Bybit OPUSDT
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPshort | +0.0100% | 1h | 0.1244 | −0.008% | $3.3M | $2.9M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1244 | +0.001% | $203K | $210K | 10x | as long as short |
| Binance OPUSDTlong | +0.0100% | 8h | 0.1244 | long leg | $19.5M | $64.0M | 75x | |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1245 | +0.040% | $6.1M | $28.7M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1244 | +0.032% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1245 | +0.072% | $22.7M | $7.7M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1243 | −0.080% | $2.8M | $6.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1243 | −0.080% | $5.7M | $6.6M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1244 | +0.032% | — | $6.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1243 | −0.096% | $104K | $214K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1245 | +0.102% | $377K | $766K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1245 | +0.080% | $310K | $5.4M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1247 | +0.241% | $43K | $705K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1242 | −0.169% | $195 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1243 | −0.080% | $172K | $239K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1244 | −0.015% | $99K | $502K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1241 | −0.220% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0160% | 1h | 0.1243 | −0.080% | $26K | $59K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1243 | −0.072% | $990K | $274K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0443% | 1h | 0.1241 | −0.246% | $690 | — | 20x | as long as short |
Aster OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Reya OPRUSDPERP