Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: OKX against Hyperliquid−0.162%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.162%, 7d avg −0.105%
=Together, before fees−0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 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: OKX is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ORDI | 4.8168 | 0.0100 | pay 0.0013% / 1h | 52m 26s | $695K | $640K | 3x |
| Short | OKX ORDI-USDT-SWAP | 4.8090 | 0.0100 | get 0.0050% / 4h | 1h 52m | $5.0M | $17.3M | 20x |
Hyperliquid ORDI
OKX ORDI-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.162% → −0.105%
- −$5.72
- Slippage, 4 orders
- −$30.22
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$54.94
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 55 min ago; OKX: live order book, 4 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, 55 min ago | 1.76 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.07 bp | 11.5 bp −$12 | 34.9 bp −$349 | 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 | −0.1162% | 1h | 4.8129 | −0.082% | $68K | $43K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8111 | −0.119% | $33K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −5.435% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIlong | +0.0100% | 1h | 4.8168 | long leg | $695K | $640K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8120 | −0.100% | $10K | $258K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8123 | −0.093% | $9.8M | $32.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8080 | −0.183% | $4.0M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAPshort | +0.0100% | 4h | 4.8090 | −0.162% | $5.0M | $17.3M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8170 | +0.004% | $1.2M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8110 | −0.120% | $6.7M | $2.9M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8112 | −0.116% | $1.0M | $746K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8080 | −0.183% | $2.8M | $3.4M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8110 | −0.120% | — | $36.4M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8238 | +0.145% | $25K | $33K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8160 | −0.017% | $1K | $1.1M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8200 | +0.066% | $83K | $349K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8154 | −0.029% | $4K | $226K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0109% | 4h | 4.8210 | +0.087% | $582K | $284K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0238% / S −0.3359% | 1h | 4.8184 | +0.032% | $8K | — | 100x | as long as short |
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]