After costs, if the gap returns to its 7d average, $10k−$95
spread now−0.017%7d average−0.051%fees + slippage, in and out−$98spread needed0.980%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01174 | 0.0100 | pay 0.0013% / 1h | 29m 01s | $2.0M | $663K | 5x |
| Short | OKX W-USDT-SWAP | 0.01174 | 0.0100 | get 0.0050% / 4h | 3h 29m | $1.3M | $2.3M | 20x |
Hyperliquid W
OKX W-USDT-SWAPPrice 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
- −$1.7
- Funding while held
- $0
- Slippage, 4 orders
- −$78.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$99.68
- Spread needed to break even
- 0.980%
Slippage from Hyperliquid: live order book, 3 min ago; OKX: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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, 3 min ago | 4.24 bp | 18.2 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 3.82 bp | 35.3 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
W price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.01174cheapest
BybitOKX0.01174+0.017%
Hyperliquid0.01174+0.034%
Extended0.01175+0.086%Binance0.01175+0.100%Gate0.01175+0.111%MEXC0.01175+0.111%KuCoin0.01175+0.119%Bitget0.01175+0.119%BingX0.01175+0.128%Deribit0.01175+0.128%Backpack0.01175+0.162%Kraken Futures0.01177+0.305%Variational Omni0.01178+0.351%Coinbase International0.01187+1.142%Injective0.01209+3.016%
Extended
Binance
Gate
MEXC
KuCoin
Bitget
BingX
Deribit
Backpack
Kraken Futures
Variational Omni
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit WUSDT | −0.034% | +0.0100% | 4h | $4.1M | $2.3M | 50x | as long as short |
| OKX W-USDT-SWAPshort | −0.017% | +0.0100% | 4h | $1.3M | $2.3M | 20x | |
| Hyperliquid Wlong | 0.000% | +0.0100% | 1h | $2.0M | $663K | 5x | |
| Extended W-USD | +0.052% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
| Binance WUSDT | +0.066% | +0.0100% | 4h | $2.9M | $8.4M | 50x | as long as short |
| Gate W_USDT | +0.077% | +0.0100% | 4h | $438K | $333K | 75x | as long as short |
| MEXC W_USDT | +0.077% | +0.0100% | 4h | $11.7M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.085% | +0.0100% | 4h | $414K | $250K | 50x | as long as short |
| Bitget WUSDT | +0.085% | +0.0100% | 4h | $1.2M | $590K | 50x | as long as short |
| BingX W-USDT | +0.094% | +0.0100% | 4h | — | $7.1M | — | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | +0.094% | 0.0000% | 1h | $18K | $351 | 10x | as long as short |
| Backpack W_USDC_PERP | +0.128% | −0.0267% | 1h | $37K | $49K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.270% | +0.0595% | 1h | $147K | $193K | 20x | as long as short |
| Variational Omni W | +0.316% | +0.0100% | 4h | $83K | $30K | — | as long as short |
| Coinbase International W-PERP-INTX | +1.107% | +0.0120% | 1h | $14K | $22K | 50x | as long as short |
| Injective W/USDC PERP | +2.981% | +0.0033% | 1h | $1K | $23K | 12x | as long as short |