Spread before costs (cost unknown: a leg has no order-book sample)−4.344%
7d average—if it closes, per $10,000$434funding while held, a day−$447.72
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03899 | 0.0100 | pay 0.0013% / 1h | 57m 43s | $1.0M | $1.5M | 5x |
| Short | 01 Exchange SUSD | 0.03730 | −1.4824 | pay 0.1853% / 1h | 57m 43s | $22K | $3K | 5x |
Hyperliquid SPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$434.43
- Funding while held
- −$447.72
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$898.15
- Spread needed to break even
- 0.160%
Slippage unknown: Hyperliquid: live order book, 4 min ago; 01 Exchange: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −1.4924%
- Per $10,000 a day
- −$447.72
- Average in range /8h
- —
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, 4 min ago | 2.56 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
01 Exchange: 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.
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03850+3.217%Bybit0.03892+4.343%Binance0.03894+4.397%OKX0.03895+4.424%Extended0.03897+4.470%BingX0.03897+4.477%Gate0.03898+4.504%Bitget0.03898+4.504%MEXC0.03899+4.531%KuCoin0.03899+4.531%
Coinbase International
Bybit
Binance
OKX
Extended
BingX
Gate
Bitget
MEXC
KuCoinHyperliquid0.03899+4.542%
Reya0.03899+4.543%Lighter0.03901+4.584%Kraken Futures0.03902+4.619%Orderly0.03903+4.638%Aster0.03905+4.695%Variational Omni0.03907+4.757%Deribit0.03908+4.772%GMX0.03908+4.775%gTrade (Gains Network)0.03908+4.785%Backpack0.03910+4.826%BloFin0.03912+4.879%ApeX Omni0.03920+5.094%
Reya
Lighter
Kraken Futures
Orderly
Aster
Variational Omni
Deribit
GMX
gTrade (Gains Network)
Backpack
BloFin
ApeX OmniInjective0.04100+9.920%
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| 01 Exchange SUSDshort | −4.344% | −1.4824% | 1h | $22K | $3K | 5x | |
| Coinbase International S-PERP-INTX | −1.267% | −0.2344% | 1h | $48K | $13K | 25x | as long as short |
| Bybit SUSDT | −0.190% | −0.0208% | 4h | $5.6M | $9.6M | 50x | as long as short |
| Binance SUSDT | −0.138% | +0.0100% | 4h | $5.2M | $40.7M | 75x | as long as short |
| OKX S-USDT-SWAP | −0.113% | +0.0042% | 4h | $1.0M | $12.7M | 20x | as long as short |
| Extended S-USD | −0.068% | +0.0104% | 1h | $224K | $944K | 10x | as long as short |
| BingX S-USDT | −0.062% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Gate S_USDT | −0.036% | +0.0100% | 4h | $327K | $401K | 50x | as long as short |
| Bitget SUSDT | −0.036% | +0.0100% | 4h | $1.2M | $4.6M | 50x | as long as short |
| MEXC S_USDT | −0.010% | +0.0100% | 4h | $3.7M | $3.5M | 200x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin SUSDTM | −0.010% | +0.0054% | 4h | $1.8M | $4.0M | 50x | as long as short |
| Hyperliquid Slong | 0.000% | +0.0100% | 1h | $1.0M | $1.5M | 5x | |
| Reya SRUSDPERP | +0.001% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Lighter S | +0.041% | +0.0096% | 1h | $168K | $328K | 5x | as long as short |
| Kraken Futures PF_SUSD | +0.074% | −0.1665% | 1h | $33K | $48K | 10x | as long as short |
| Orderly PERP_S_USDC | +0.092% | −0.0278% | 4h | $103K | $338K | 10x | as long as short |
| Aster SUSDT | +0.147% | −0.0513% | 4h | $50K | $252K | 10x | as long as short |
| Variational Omni S | +0.206% | −0.1387% | 4h | $607K | $130K | — | as long as short |
| Deribit S_USDC-PERPETUAL | +0.221% | 0.0000% | 1h | $66K | $12K | 10x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.223% | L −0.0355% / S +0.0329% | 1h | $1K | — | 100x | as long as short |
| gTrade (Gains Network) S/USD | +0.233% | L +0.0001% / S +0.0006% | 1h | $602 | — | 150x | as long as short |
| Backpack S_USDC_PERP | +0.272% | +0.0044% | 1h | $114K | $192K | 5x | as long as short |
| BloFin S-USDT | +0.323% | +0.0340% | 4h | $282K | $230K | 75x | as long as short |
| ApeX Omni SUSDT | +0.528% | +0.0100% | 1h | $25K | $514K | 50x | as long as short |
| Injective S/USDC PERP | +5.144% | +0.0033% | 1h | $2K | $193K | 12x | as long as short |