Funding you earn now, next payment 05:00 UTC−0.0248%/8h= −27.2% APRnext payment −$0.31 per $10,000 · paid last 24h −0.028%
Price spread now: Deribit against Hyperliquid−0.127%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.127% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETC | 8.7931 | 0.0100 | pay 0.0013% / 1h | 9m 14s | $2.5M | $613K | 5x |
| Short | Deribit ETC_USDC-PERPETUAL | 8.7819 | −0.0148 | pay 0.0019% / 1h | 9m 14s | — | — | 50x |
Hyperliquid ETC
Deribit ETC_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
- −$52.16
- Price spread: −0.127% → 0.000%
- −$12.74
- 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
- −$80.9
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 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, 2 min ago | 2.05 bp | 17.6 bp −$18 | 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.
ETC on 22 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 ETC_USDC-PERPETUALshort | −0.0148% | 1h | 8.7819 | −0.127% | — | — | 50x | |
| Kraken Futures PF_ETCUSD | −0.0119% | 1h | 8.7797 | −0.153% | $1.9M | $702K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7924 | −0.008% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7873 | −0.065% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.931% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETClong | +0.0100% | 1h | 8.7931 | long leg | $2.5M | $613K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.7855 | −0.086% | $983K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7813 | −0.134% | $26.2M | $70.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7780 | −0.172% | $12.8M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7780 | −0.172% | $8.5M | $17.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7800 | −0.149% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7810 | −0.138% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7860 | −0.081% | $2.8M | $664K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7805 | −0.143% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7810 | −0.138% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7849 | −0.094% | $124K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7780 | −0.172% | $183 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7770 | −0.183% | $119K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7860 | −0.081% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7827 | −0.118% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −0.649% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0344% | 8h | 8.7780 | −0.172% | $1.4M | $281K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT