After costs, if the gap returns to its 7d average, $10k−$94
spread now+0.205%7d average+0.052%fees + slippage, in and out−$109spread needed1.094%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX W-USDT-SWAP | 0.01172 | 0.0023 | pay 0.0011% / 4h | 15m 22s | $1.3M | $2.3M | 20x |
| Short | Hyperliquid W | 0.01174 | 0.0100 | get 0.0013% / 1h | 15m 22s | $2.0M | $668K | 5x |
OKX W-USDT-SWAP
Hyperliquid WPrice 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
- $20.48
- Funding while held
- $2.32
- Slippage, 4 orders
- −$90.37
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$86.57
- Spread needed to break even
- 1.094%
Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0077%
- Per $10,000 a day
- +$2.32
- 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 OKX live order book, 3 min ago | 3.85 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 8.53 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
W price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.01169cheapestGate0.01169+0.004%KuCoin0.01171+0.150%Bybit0.01171+0.167%
Variational Omni
Gate
KuCoin
BybitOKX0.01172+0.201%
BingX0.01172+0.252%Deribit0.01173+0.304%Backpack0.01173+0.312%Bitget0.01173+0.321%Extended0.01173+0.349%Binance0.01174+0.369%MEXC0.01174+0.372%
BingX
Deribit
Backpack
Bitget
Extended
Binance
MEXCHyperliquid0.01174+0.406%
Kraken Futures0.01175+0.502%Coinbase International0.01184+1.219%Injective0.01209+3.400%
Kraken Futures
Coinbase International
InjectiveW on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni W | −0.201% | +0.0100% | 4h | $82K | $30K | — | as long as short |
| Gate W_USDT | −0.196% | +0.0100% | 4h | $438K | $334K | 75x | as long as short |
| KuCoin WUSDTM | −0.051% | +0.0100% | 4h | $410K | $245K | 50x | as long as short |
| Bybit WUSDT | −0.034% | +0.0100% | 4h | $4.1M | $2.3M | 50x | as long as short |
| OKX W-USDT-SWAPlong | 0.000% | +0.0023% | 4h | $1.3M | $2.3M | 20x | |
| BingX W-USDT | +0.051% | +0.0100% | 4h | — | $7.1M | — | as long as short |
| Deribit W_USDC-PERPETUAL | +0.102% | 0.0000% | 1h | $18K | $351 | 10x | as long as short |
| Backpack W_USDC_PERP | +0.111% | −0.0637% | 1h | $39K | $48K | 15x | as long as short |
| Bitget WUSDT | +0.119% | +0.0100% | 4h | $1.2M | $584K | 50x | as long as short |
| Extended W-USD | +0.148% | +0.0104% | 1h | $59K | $276K | 5x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance WUSDT | +0.168% | +0.0100% | 4h | $2.9M | $8.4M | 50x | as long as short |
| MEXC W_USDT | +0.171% | +0.0100% | 4h | $11.6M | $1.3M | 50x | as long as short |
| Hyperliquid Wshort | +0.205% | +0.0100% | 1h | $2.0M | $668K | 5x | |
| Kraken Futures PF_WUSD | +0.301% | +0.0742% | 1h | $148K | $192K | 20x | as long as short |
| Coinbase International W-PERP-INTX | +1.016% | +0.0192% | 1h | $14K | $23K | 50x | as long as short |
| Injective W/USDC PERP | +3.192% | +0.0033% | 1h | $1K | $36K | 12x | as long as short |