Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Binance against Hyperliquid−0.122%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.122%, 7d avg −0.075%
=Together, before fees+0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.9129 | 0.0100 | pay 0.0013% / 1h | 14m 12s | $709K | $667K | 3x |
| Short | Binance ORDIUSDT | 4.9069 | 0.0100 | get 0.0050% / 4h | 2h 14m | $10.0M | $34.6M | 50x |
Hyperliquid ORDI
Binance ORDIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: −0.122% → −0.075%
- −$4.71
- Slippage, 4 orders
- −$31.85
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$55.56
- Costs to cover
- 0.508%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 66 min ago; Binance: live order book, 12 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, 66 min ago | 1.01 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.07 bp | 12.7 bp −$13 | 30.8 bp −$308 | 302.4 bp −$30.2K | doesn't fit |
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 | −0.0712% | 1h | 4.9012 | −0.238% | $70K | $47K | 25x | as long as short |
| Gate ORDI_USDT | −0.0002% | 4h | 4.9030 | −0.202% | $1.2M | $2.8M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9030 | −0.201% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.285% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.9129 | long leg | $709K | $667K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9040 | −0.181% | $6K | $432K | 5x | as long as short |
| Binance ORDIUSDTshort | +0.0100% | 4h | 4.9069 | −0.122% | $10.0M | $34.6M | 50x | |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9000 | −0.263% | $4.1M | $4.8M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9050 | −0.161% | $5.2M | $18.3M | 20x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9060 | −0.140% | $6.5M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9023 | −0.216% | $989K | $830K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9050 | −0.161% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9030 | −0.202% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8947 | −0.371% | $28K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8990 | −0.283% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9010 | −0.242% | $85K | $440K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9054 | −0.153% | $2K | $179K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0152% | 4h | 4.9050 | −0.161% | $591K | $314K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9006 | −0.251% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]