Funding you earn now, next payment 05:00 UTC+0.0550%/8h= +60.2% APRnext payment +$0.69 per $10,000 · paid last 24h +0.202%
Price spread now: Hyperliquid against Deribit−0.087%7-day average +0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs+$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days+0.607%+$61 on $10k
+Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.087%, 7d avg +0.084%
=Together, before fees+0.859%+ Points / potential airdropHyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.171% cheaper against Deribit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.084%). If the spread goes back, that is −$17 on $10k: about 25 hours of funding at the current rate (+$16 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit FIL_USDC-PERPETUAL | 0.9999 | −0.0450 | get 0.0056% / 1h | 33m 17s | $172K | $23K | 25x |
| Short | Hyperliquid FIL | 0.9990 | 0.0100 | get 0.0013% / 1h | 33m 17s | $8.5M | $9.4M | 5x |
Deribit FIL_USDC-PERPETUAL
Hyperliquid FILFunding 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
- $115.5
- Price spread: −0.087% → +0.084%
- −$17.07
- Slippage, 4 orders
- −$32.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $50.04
- Costs to cover
- 0.484%
- Break-even
- 4.0 days
Slippage from Deribit: live order book, 20 min ago; Hyperliquid: live order book, 9 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, 20 min ago | 9.41 bp | 14.9 bp −$15 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.50 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUALlong | −0.0450% | 1h | 0.9999 | long leg | $172K | $23K | 25x | |
| Coinbase International FIL-PERP-INTX | −0.0240% | 1h | 1.0034 | +0.350% | $366K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9993 | −0.059% | $26K | — | 150x | as long as short |
| OKX FIL-USDT-SWAP | −0.0002% | 8h | 0.9994 | −0.050% | $18.5M | $106.0M | 50x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9991 | −0.083% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0026% | 8h | 0.9989 | −0.100% | $7.3M | $7.7M | 50x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.440% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0066% | 1h | 0.9999 | +0.003% | $1.4M | $2.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9989 | −0.102% | $154K | $365K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9990 | −0.087% | $8.5M | $9.4M | 5x |
Coinbase International FIL-PERP-INTX
gTrade (Gains Network) FIL/USD
OKX FIL-USDT-SWAP
dYdX FIL-USD
KuCoin FILUSDTM
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9994 | −0.048% | $511K | $609K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9990 | −0.090% | $57.5M | $184.3M | 75x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9992 | −0.070% | $15.8M | $20.3M | 25x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9990 | −0.090% | $8.5M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9987 | −0.120% | $242K | $103K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9992 | −0.070% | $11.2M | $20.2M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9993 | −0.060% | — | $11.8M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0014 | +0.147% | $453K | $266K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 1.0021 | +0.219% | $46K | $296K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 1.0027 | +0.281% | $292K | $1.1M | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0030 | +0.310% | $30K | $182K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0001 | +0.016% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.090% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9994 | −0.050% | $475 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9995 | −0.040% | $619K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.090% | $1.2M | $2.6M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9993 | −0.060% | $704K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9984 | −0.150% | $2.7M | $693K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0581% / S −0.0248% | 1h | 0.9992 | −0.067% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Bybit FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]