Funding you earn now, next payment 05:00 UTC−0.0507%/8h= −55.5% APRnext payment −$0.63 per $10,000 · paid last 24h −0.071%
Price spread now: dYdX against Hyperliquid−0.271%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.271%, 7d avg −0.082%
=Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and dYdX is 0.189% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.082%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.63 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 | Hyperliquid WLD | 0.4617 | 0.0507 | pay 0.0063% / 1h | 53m 25s | $50.8M | $43.3M | 10x |
| Short | dYdX WLD-USD | 0.4604 | 0 | get 0.0000% / 1h | 53m 25s | $157K | $33K | 10x |
Hyperliquid WLD
dYdX WLD-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. 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
- −$106.49
- Price spread: −0.271% → −0.082%
- −$18.92
- Slippage, 4 orders
- −$107.97
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$252.38
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; dYdX: live order book, 1 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 Hyperliquid live order book, 10 min ago | 0.33 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell dYdX live order book, 1 min ago | 50.95 bp | 55.9 bp −$56 | 154.4 bp −$1,544 | 219.8 bp −$22.0K | 346.7 bp −$173.3K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0041% | 1h | 0.4605 | −0.253% | $244K | $205K | 5x | as long as short |
| dYdX WLD-USDshort | 0.0000% | 1h | 0.4604 | −0.271% | $157K | $33K | 10x | |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4604 | −0.275% | $43K | $4.6M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4613 | −0.080% | $67K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0017% | 8h | 0.4607 | −0.210% | $7.0M | $11.7M | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0091% | 1h | 0.4608 | −0.193% | $40K | $2.2M | 10x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4613 | −0.080% | $28K | $884K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4605 | −0.250% | $213K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4605 | −0.250% | $49K | $525K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4611 | −0.120% | $87.5M | $329.5M | 75x | as long as short |
Nado WLD-PERP
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Polymarket Perps WLD-USD
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4612 | −0.102% | $65.7M | $89.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4613 | −0.080% | $34.7M | $152.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4609 | −0.167% | $7.3M | $36.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4610 | −0.145% | $43.5M | $54.2M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4609 | −0.167% | $30.5M | $30.3M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4613 | −0.080% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4592 | −0.526% | $137K | $299K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4560 | −1.235% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4579 | −0.818% | $27K | $318K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4569 | −1.033% | $604K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4588 | −0.622% | $43K | $238K | 50x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4598 | −0.405% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4591 | −0.557% | $204 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4596 | −0.448% | $840K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4591 | −0.557% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4616 | −0.011% | $221K | $981K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4619 | +0.045% | $31K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4608 | −0.183% | — | — | 20x | as long as short |
| Injective WLD/USDC PERP | +0.0142% | 1h | 0.4564 | −1.142% | $6K | $185K | 5.5x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4597 | −0.418% | $5K | $52K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | +0.0186% | 1h | 0.4594 | −0.492% | $125K | $959K | 25x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4600 | −0.362% | $4.9M | $834K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4613 | −0.084% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0304% | 1h | 0.4610 | −0.139% | $330 | $80 | 5x | as long as short |
| Hyperliquid WLDlong | +0.0507% | 1h | 0.4617 | long leg | $50.8M | $43.3M | 10x | |
| Kraken Futures PF_WLDUSD | +0.0517% | 1h | 0.4594 | −0.501% | $887K | $2.8M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0560% | 1h | 0.4609 | −0.167% | $271K | $1.7M | 50x | as long as short |
| Lighter WLD | +0.0680% | 1h | 0.4609 | −0.160% | $5.2M | $2.6M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Injective WLD/USDC PERP
Phoenix WLD
Deribit WLD_USDC-PERPETUAL
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD