Funding you earn now, next payment 01:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.048%
Price spread now: Hyperliquid against Orderly+0.145%7-day average +0.102% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.158%+$16 on $10k
+Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.145%, 7d avg +0.102%
=Together, before fees+0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.043% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.102%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_UNI_USDC | 9.1490 | 0.0100 | pay 0.0100% / 8h | 7h 11m | $16K | $1.7M | 10x |
| Short | Hyperliquid UNI | 9.1623 | 0.0540 | get 0.0068% / 1h | 11m 13s | $101.0M | $60.0M | 10x |
Orderly PERP_UNI_USDC
Hyperliquid UNIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Orderly. 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
- $92.42
- Price spread: +0.145% → +0.102%
- $4.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $81.76
- Costs to cover
- 0.150%
- Break-even
- 0.8 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 13 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 13 min ago | 1.40 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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.
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.1521 | +0.034% | $38K | — | 150x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −3.487% | $660 | $154K | 12x | as long as short |
| 01 Exchange UNIUSD | +0.0088% | 1h | 9.1490 | 0.000% | $457 | — | 10x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1475 | −0.016% | $983K | $4.3M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1521 | +0.034% | $1.1M | $2.9M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1481 | −0.010% | $305K | $589K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1495 | +0.006% | $232.2M | $602.1M | 75x | as long as short |
| Bybit UNIUSDT | +0.0100% | 8h | 9.1470 | −0.022% | $103.1M | $107.8M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0100% | 8h | 9.1450 | −0.044% | $56.5M | $255.8M | 50x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 9.1570 | +0.087% | $283K | $622K | 10x | as long as short |
gTrade (Gains Network) UNI/USD
Injective UNI/USDC PERP
01 Exchange UNIUSD
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDT
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Arcus UNI-USDShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate UNI_USDT | +0.0100% | 8h | 9.1530 | +0.044% | $23.4M | $60.5M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1500 | +0.011% | $46.5M | $24.6M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1500 | +0.011% | $13.6M | $13.6M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1460 | −0.033% | $33.7M | $43.1M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 9.1470 | −0.022% | — | $57.1M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 9.1488 | −0.002% | $1.0M | $2.4M | 10x | as long as short |
| Variational Omni UNI | +0.0100% | 8h | 9.1470 | −0.022% | $4.2M | $4.4M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.1624 | +0.146% | $173K | $346K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.1708 | +0.238% | $639K | $2.6M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.1590 | +0.109% | $89K | $706K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.1640 | +0.164% | $56K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1533 | +0.047% | $85K | $387K | 10x | as long as short |
| Orderly PERP_UNI_USDClong | +0.0100% | 8h | 9.1490 | long leg | $16K | $1.7M | 10x | |
| SunX UNI-USDT | +0.0100% | 8h | 9.1487 | −0.003% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1490 | 0.000% | $22K | $711K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1574 | +0.092% | $729K | $4.4M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1520 | +0.033% | $27.6M | $4.5M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1470 | −0.022% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1437 | −0.058% | $309K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1486 | −0.005% | $32K | — | 3x | as long as short |
| dYdX UNI-USD | +0.0187% | 1h | 9.1485 | −0.005% | $245K | $24K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0206% | 1h | 9.1545 | +0.060% | $592K | $185K | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1460 | −0.033% | $10.6M | $3.6M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0272% | 1h | 9.1630 | +0.153% | $1.1M | $4.9M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0367% | 1h | 9.1500 | +0.011% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0381% / S −0.0323% | 1h | 9.1504 | +0.015% | $579K | — | 120x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0384% | 1h | 9.1535 | +0.050% | $5.1M | $7.1M | 50x | as long as short |
| Hyperliquid UNIshort | +0.0540% | 1h | 9.1623 | +0.145% | $101.0M | $60.0M | 10x | |
| Lighter UNI | +0.0944% | 1h | 9.1684 | +0.212% | $4.7M | $5.3M | 15x | as long as short |
| Aftermath Perps UNIUSD | +0.1040% | 1h | 9.1772 | +0.308% | $1K | $49K | 10x | as long as short |
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
Variational Omni UNI
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Deribit UNI_USDC-PERPETUAL
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Kraken Futures PF_UNIUSD
Lighter UNI
Aftermath Perps UNIUSD