Funding you earn now, next payment 11:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h −0.009%
Price spread now: Hyperliquid against BloFin+0.033%47s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.565% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.033%, 7d avg +0.072%
=Together, before fees+0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.038% cheaper against BloFin than usual: you would sell low and buy high (spread +0.033% now, against its 7-day average of +0.072%). If the spread goes back, that is −$4 on $10k: about 2.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.022% in total) that is about 12 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ORDI-USDT | 4.8320 | 0.0051 | pay 0.0025% / 4h | 1h 56m | $583K | $285K | 75x |
| Short | Hyperliquid ORDI | 4.8336 | 0.0100 | get 0.0013% / 1h | 56m 15s | $698K | $640K | 3x |
BloFin ORDI-USDT
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $10.38
- Price spread: +0.033% → +0.072%
- −$3.84
- Slippage, 4 orders
- −$35.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$49.92
- Costs to cover
- 0.565%
- Break-even
- 40.6 days
Slippage from BloFin: live order book, 53 min ago; Hyperliquid: live order book, 51 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 BloFin live order book, 53 min ago | 2.08 bp | 12.4 bp −$12 | 19.2 bp −$192 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 51 min ago | 1.76 bp | 14.9 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
ORDI on 19 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.1159% | 1h | 4.8236 | −0.175% | $69K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8304 | −0.032% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.733% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDTlong | +0.0051% | 4h | 4.8320 | long leg | $583K | $285K | 75x | |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.8336 | +0.033% | $698K | $640K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8280 | −0.083% | $10K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8282 | −0.078% | $9.8M | $32.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8290 | −0.062% | $4.0M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8250 | −0.145% | $5.1M | $17.3M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8260 | −0.124% | $1.2M | $2.6M | 50x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8280 | −0.083% | $6.8M | $2.9M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8280 | −0.083% | $1.0M | $744K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8300 | −0.041% | $2.8M | $3.4M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8280 | −0.083% | — | $36.5M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8269 | −0.106% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8230 | −0.186% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8270 | −0.103% | $83K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8266 | −0.112% | $4K | $226K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8293 | −0.055% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]