Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.039%
Price spread now: Hyperliquid against dYdX+0.038%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.038% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ORDI-USD | 4.9325 | 0 | get 0.0000% / 1h | 27m 16s | $34K | $577 | 5x |
| Short | Hyperliquid ORDI | 4.9344 | 0.0100 | get 0.0013% / 1h | 27m 16s | $711K | $662K | 3x |
dYdX ORDI-USD
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $21
- Price spread: +0.038% → 0.000%
- $3.82
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $5.82
- Costs to cover
- 0.190%
- Break-even
- 5.1 days
Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 63 min ago. 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 dYdX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 63 min ago | 0.71 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
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.
ORDI 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0571% | 1h | 4.9174 | −0.306% | $72K | $43K | 25x | as long as short |
| Gate ORDI_USDT | −0.0534% | 4h | 4.9260 | −0.132% | $1.3M | $2.7M | 50x | as long as short |
| dYdX ORDI-USDlong | 0.0000% | 1h | 4.9325 | long leg | $34K | $577 | 5x | |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.654% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0057% | 4h | 4.9250 | −0.152% | $606K | $309K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9344 | +0.038% | $711K | $662K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9300 | −0.051% | $10K | $425K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9272 | −0.109% | $10.0M | $33.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9250 | −0.152% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9240 | −0.173% | $5.3M | $17.8M | 20x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9270 | −0.112% | $6.8M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9318 | −0.014% | $975K | $841K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9290 | −0.071% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9300 | −0.051% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9641 | +0.641% | $24K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9200 | −0.254% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9250 | −0.152% | $82K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9266 | −0.121% | $3K | $180K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9262 | −0.129% | $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]