Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against OKX+0.069%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.069%, 7d avg +0.097%
=Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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: Hyperliquid is 0.028% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.097%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ORDI-USDT-SWAP | 4.9110 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $5.3M | $16.6M | 20x |
| Short | Hyperliquid ORDI | 4.9144 | 0.0100 | get 0.0013% / 1h | 31m 53s | $712K | $654K | 3x |
OKX ORDI-USDT-SWAP
Hyperliquid ORDIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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: +0.069% → +0.097%
- −$2.75
- Slippage, 4 orders
- −$51.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.73
- Costs to cover
- 0.710%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 28 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 OKX live order book, 1 min ago | 2.04 bp | 13.8 bp −$14 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 28 min ago | 2.46 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9016 | −0.191% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.249% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9144 | +0.069% | $712K | $654K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9063 | −0.096% | $5K | $421K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9119 | +0.018% | $10.0M | $31.5M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9050 | −0.122% | $4.1M | $4.2M | 50x | as long as short |
| OKX ORDI-USDT-SWAPlong | +0.0100% | 4h | 4.9110 | long leg | $5.3M | $16.6M | 20x | |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9050 | −0.122% | $1.3M | $2.6M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9120 | +0.020% | $7.2M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.9072 | −0.077% | $954K | $808K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9080 | −0.061% | $2.9M | $3.0M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9040 | −0.143% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8992 | −0.239% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8920 | −0.387% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8980 | −0.265% | $89K | $354K | 75x | as long as short |
| BloFin ORDI-USDT | +0.0103% | 4h | 4.9060 | −0.102% | $602K | $311K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9105 | −0.011% | $3K | $226K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.9043 | −0.136% | $8K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2952% | 1h | 4.9191 | +0.165% | $66K | $40K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
BloFin ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD