Funding you earn now, next payment 01:00 UTC+0.0875%/8h= +95.8% APRnext payment +$1.09 per $10,000 · paid last 24h +0.056%
Price spread now: Hyperliquid against dYdX+0.280%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2932.930% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.280%, 7d avg +0.080%
=Together, before fees+0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.200% dearer against dYdX than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.080%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. 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 | dYdX WLD-USD | 0.4715 | 0 | get 0.0000% / 1h | 9m 44s | $168K | $12K | 10x |
| Short | Hyperliquid WLD | 0.4728 | 0.0875 | get 0.0109% / 1h | 9m 44s | $53.0M | $44.0M | 10x |
dYdX WLD-USD
Hyperliquid WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against dYdX. 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
- $183.66
- Price spread: +0.280% → +0.080%
- $20.02
- Slippage, 4 orders
- −$274.03
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$89.34
- Costs to cover
- 2.930%
- Break-even
- 10.4 days
Slippage from dYdX: live order book, 64 min ago; Hyperliquid: live order book, 4 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 dYdX live order book, 64 min ago | 98.52 bp | 105.6 bp −$106 | 107.6 bp −$1,076 | 114.9 bp −$11.5K | 226.8 bp −$113.4K |
| Sell Hyperliquid live order book, 4 min ago | 0.63 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0159% | 8h | 0.4739 | +0.515% | $23K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0027% | 1h | 0.4738 | +0.505% | $275K | $178K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0009% | 8h | 0.4718 | +0.070% | $7.1M | $11.1M | 50x | as long as short |
| dYdX WLD-USDlong | 0.0000% | 1h | 0.4715 | long leg | $168K | $12K | 10x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4725 | +0.218% | $135K | $863K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4727 | +0.260% | $56K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4744 | +0.621% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0050% | 8h | 0.4723 | +0.176% | $29K | $900K | 10x | as long as short |
| Phemex WLDUSDT | +0.0057% | 8h | 0.4720 | +0.112% | $1.9M | $3.7M | 50x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4726 | +0.230% | $211K | $995K | 50x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Phemex WLDUSDT
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4737 | +0.469% | $55K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4714 | −0.013% | $90.2M | $310.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4718 | +0.070% | $68.3M | $83.6M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4720 | +0.112% | $35.8M | $149.8M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4720 | +0.112% | $7.6M | $36.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4719 | +0.091% | $49.4M | $55.0M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4720 | +0.112% | $31.6M | $27.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4719 | +0.091% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4723 | +0.180% | $140K | $277K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | +0.043% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4762 | +1.012% | $28K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4749 | +0.735% | $627K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4768 | +1.131% | $58K | $232K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4740 | +0.530% | $49K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4741 | +0.558% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4718 | +0.070% | $225 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4721 | +0.134% | $898K | $1.9M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4716 | +0.037% | $218K | $894K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4722 | +0.144% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4731 | +0.341% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4749 | +0.736% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4720 | +0.112% | $5.0M | $877K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4728 | +0.289% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4741 | +0.560% | $339 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0319% | 1h | 0.4721 | +0.144% | $935K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4723 | +0.176% | $277K | $1.7M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0875% | 1h | 0.4728 | +0.280% | $53.0M | $44.0M | 10x | |
| Lighter WLD | +0.1024% | 1h | 0.4724 | +0.206% | $5.3M | $2.0M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD