OP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Hyperliquid+0.213%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.213% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.213% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid OP	0.1259	0.0100	pay 0.0013% / 1h	34m 10s	$3.5M	$3.7M	5x
Short	dYdX OP-USD	0.1262	0	get 0.0000% / 1h	34m 10s	$39K	$522	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee dYdXbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$21
Price spread: +0.213% → 0.000%: $21.33
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.67
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 7 min ago; dYdX: no order-book sample. Net counts fees only.

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, 7 min ago	1.58 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1760%	1h	0.1256	−0.246%	$35K	$59K	12x	as long as short
GMX OP/USD [OP-USDC]	L −0.0898% / S +0.0202%	1h	0.1263	+0.277%	$13K	—	100x	as long as short
Deribit OP_USDC-PERPETUAL	−0.0544%	1h	0.1258	−0.087%	$32K	$154K	25x	as long as short
Orderly PERP_OP_USDC	−0.0045%	8h	0.1258	−0.087%	$59K	$142K	10x	as long as short
Kraken Futures PF_OPUSD	−0.0034%	1h	0.1260	+0.073%	$754K	$652K	20x	as long as short
Variational Omni OP	−0.0015%	8h	0.1262	+0.264%	$223K	$46K	—	as long as short
dYdX OP-USDshort	0.0000%	1h	0.1262	+0.213%	$39K	$522	10x
gTrade (Gains Network) OP/USD	L +0.0004% / S −0.0004%	1h	0.1259	−0.022%	—	—	150x	as long as short
Coinbase International OP-PERP-INTX	+0.0032%	1h	0.1262	+0.230%	$24K	$64K	50x	as long as short
Bybit OPUSDT	+0.0049%	8h	0.1258	−0.064%	$18.4M	$26.0M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin OPUSDTM	+0.0056%	8h	0.1258	−0.087%	$2.8M	$6.3M	75x	as long as short
OKX OP-USDT-SWAP	+0.0076%	8h	0.1260	+0.032%	$6.1M	$29.6M	50x	as long as short
Lighter OP	+0.0096%	1h	0.1260	+0.071%	$276K	$1.1M	15x	as long as short
Hyperliquid OPlong	+0.0100%	1h	0.1259	long leg	$3.5M	$3.7M	5x
Aster OPUSDT	+0.0100%	8h	0.1260	+0.076%	$209K	$218K	10x	as long as short
Binance OPUSDT	+0.0100%	8h	0.1259	−0.032%	$19.9M	$66.5M	75x	as long as short
Gate OP_USDT	+0.0100%	8h	0.1259	+0.008%	$2.0M	$1.5M	50x	as long as short
MEXC OP_USDT	+0.0100%	8h	0.1258	−0.048%	$22.9M	$7.7M	300x	as long as short
Bitget OPUSDT	+0.0100%	8h	0.1258	−0.087%	$5.7M	$6.8M	75x	as long as short
BingX OP-USDT	+0.0100%	8h	0.1258	−0.048%	—	$6.6M	—	as long as short
Backpack OP_USDC_PERP	+0.0100%	1h	0.1262	+0.191%	$108K	$216K	10x	as long as short
edgeX OPUSDC	+0.0100%	4h	0.1262	+0.196%	$382K	$768K	10x	as long as short
GRVT OP_USDT_Perp	+0.0100%	8h	0.1261	+0.182%	$311K	$5.3M	10x	as long as short
ApeX Omni OPUSDT	+0.0100%	1h	0.1262	+0.230%	$43K	$699K	50x	as long as short
SoDEX OP-USD	+0.0100%	1h	0.1258	−0.071%	$209	$6K	5x	as long as short
HTX OP-USDT	+0.0100%	8h	0.1260	+0.087%	$171K	$253K	50x	as long as short
Extended OP-USD	+0.0104%	1h	0.1257	−0.137%	$101K	$506K	25x	as long as short
Aevo OP-PERP	+0.0104%	1h	0.1259	−0.029%	$3K	$1K	3x	as long as short
BloFin OP-USDT	+0.0220%	8h	0.1262	+0.246%	$996K	$327K	75x	as long as short
Reya OPRUSDPERP	+0.0443%	1h	0.1258	−0.112%	$699	—	20x	as long as short