Funding you earn now, next payment 23:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.26 per $10,000 · paid last 24h +0.051%
Price spread now: Hyperliquid against Derive+0.417%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.417% dearer against Derive than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive CC-PERP | 0.1161 | 0.0100 | pay 0.0013% / 1h | 3m 26s | $5K | $35K | 6.7x |
| Short | Hyperliquid CC | 0.1166 | 0.0312 | get 0.0039% / 1h | 3m 26s | $5.4M | $1.3M | 3x |
Derive CC-PERP
Hyperliquid CCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Derive. 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
- $44.44
- Price spread: +0.417% → 0.000%
- $41.71
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $71.15
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 9 min ago | 1.29 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
Derive: 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.
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3951% | 1h | 0.1150 | −0.918% | $6K | $100 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0095% | 8h | 0.1164 | +0.282% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1163 | +0.243% | $34K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1163 | +0.219% | $11.0M | $11.1M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1163 | +0.184% | $10.5M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1164 | +0.279% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1162 | +0.081% | $360K | $213K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1163 | +0.210% | $1.6M | $317K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1164 | +0.253% | $493K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1164 | +0.296% | $929K | $788K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1164 | +0.296% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1163 | +0.210% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1161 | +0.016% | $578K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1162 | +0.112% | $78K | $2.3M | 10x | as long as short |
| Derive CC-PERPlong | +0.0100% | 1h | 0.1161 | long leg | $5K | $35K | 6.7x | |
| Hyperliquid CCshort | +0.0312% | 1h | 0.1166 | +0.417% | $5.4M | $1.3M | 3x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1161 | +0.038% | $584K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0442% / S −0.0239% | 1h | 0.1162 | +0.111% | $43K | — | 50x | as long as short |
| Lighter CC | +0.1232% | 1h | 0.1168 | +0.641% | $234K | $152K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC