Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.062%
Price spread now: Deribit against Hyperliquid+0.131%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 2 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Deribit is 0.131% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALT | 0.007652 | 0.0100 | pay 0.0013% / 1h | 21m 00s | $1.1M | $188K | 3x |
| Short | Deribit ALT_USDC-PERPETUAL | 0.007662 | 0.0011 | get 0.0001% / 1h | 21m 00s | — | $0 | 25x |
Hyperliquid ALT
Deribit ALT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$18.67
- Price spread: +0.131% → 0.000%
- $13.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$21.6
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Deribit: no order-book sample. Net counts fees only.
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, 9 min ago | 3.28 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUALshort | +0.0011% | 1h | 0.007662 | +0.131% | — | $0 | 25x | |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007604 | −0.627% | $827 | $4K | 5.5x | as long as short |
| Hyperliquid ALTlong | +0.0100% | 1h | 0.007652 | long leg | $1.1M | $188K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007662 | +0.131% | $2.6M | $3.6M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007656 | +0.052% | $1.2M | $1.7M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007658 | +0.078% | $50K | $399K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007661 | +0.118% | $421K | $182K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007654 | +0.026% | $152K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007651 | −0.013% | $604K | $106K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007661 | +0.118% | — | $1.3M | — | as long as short |
Injective ALT/USDC PERP
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | +0.0100% | 4h | 0.007653 | +0.014% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0151% | 4h | 0.007651 | −0.013% | $124K | $10K | 50x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0440% | 1h | 0.007664 | +0.157% | $14K | $3K | 50x | as long as short |
| Kraken Futures PF_ALTUSD | +0.0443% | 1h | 0.007665 | +0.166% | $45K | $8K | 10x | as long as short |
Variational Omni ALT
BloFin ALT-USDT
Coinbase International ALT-PERP-INTX
Kraken Futures PF_ALTUSD