Funding you earn now, next payment 02:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.131%
Price spread now: Hyperliquid against Deribit+0.045%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs+$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$510.514% of the position
Funding, last 7 days+1.134%+$113 on $10k
+Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.045%, 7d avg +0.099%
=Together, before fees+1.015%+ Points / potential airdropHyperliquid: Season 2 · farm board+$102 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.055% cheaper against Deribit than usual: you would sell low and buy high (spread +0.045% now, against its 7-day average of +0.099%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+1.134% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ALGO_USDC-PERPETUAL | 0.1118 | −0.0018 | get 0.0002% / 1h | 31m 54s | $101K | $49K | 25x |
| Short | Hyperliquid ALGO | 0.1118 | 0.0100 | get 0.0013% / 1h | 31m 54s | $3.6M | $2.0M | 5x |
Deribit ALGO_USDC-PERPETUAL
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- $24.78
- Price spread: +0.045% → +0.099%
- −$5.45
- Slippage, 4 orders
- −$35.41
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$32.08
- Costs to cover
- 0.514%
- Break-even
- 16.1 days
Slippage from Deribit: live order book, 36 min ago; Hyperliquid: live order book, 10 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 Deribit live order book, 36 min ago | 6.26 bp | 10.7 bp −$11 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.35 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
ALGO on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1117 | −0.036% | $71K | $289K | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUALlong | −0.0018% | 1h | 0.1118 | long leg | $101K | $49K | 25x | |
| Variational Omni ALGO | −0.0005% | 8h | 0.1113 | −0.387% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1118 | +0.045% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.206% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1118 | +0.045% | $3.6M | $2.0M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.043% | $44K | $39K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.045% | $9.9M | $34.9M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1117 | −0.063% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1117 | −0.081% | $2.9M | $7.7M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1118 | +0.027% | $874K | $857K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.081% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1117 | −0.063% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1118 | +0.027% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1117 | −0.072% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1119 | +0.098% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1120 | +0.206% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1117 | −0.071% | $8K | $224K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0262% | 1h | 0.1117 | −0.050% | $829K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1118 | +0.006% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1430% | 1h | 0.1116 | −0.178% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD