Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%
Price spread now: Hyperliquid against Deribit+0.093%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.093%, 7d avg +0.034%
=Together, before fees+0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09201 | 0 | get 0.0000% / 1h | 40m 11s | $507K | $150K | 50x |
| Short | Hyperliquid HBAR | 0.09210 | 0.0100 | get 0.0013% / 1h | 40m 11s | $8.8M | $2.9M | 5x |
Deribit HBAR_USDC-PERPETUAL
Hyperliquid HBARFunding 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
- $21
- Price spread: +0.093% → +0.034%
- $5.98
- Slippage, 4 orders
- −$16.98
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$6
- Costs to cover
- 0.330%
- Break-even
- 9.0 days
Slippage from Deribit: live order book, 48 min ago; Hyperliquid: live order book, 2 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, 48 min ago | 2.72 bp | 7.3 bp −$7 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 0.11 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0036% | 8h | 0.09189 | −0.130% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0034% | 8h | 0.09191 | −0.109% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09201 | long leg | $507K | $150K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09197 | −0.042% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0040% | 1h | 0.09199 | −0.022% | $31K | $101K | 15x | as long as short |
| Variational Omni HBAR | +0.0046% | 8h | 0.09187 | −0.157% | $1.0M | $198K | — | as long as short |
| Extended HBAR-USD | +0.0048% | 1h | 0.09193 | −0.084% | $51K | $210K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0051% | 8h | 0.09195 | −0.065% | $24.1M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0052% | 8h | 0.09195 | −0.065% | $34.6M | $110.5M | 75x | as long as short |
| ApeX Omni HBARUSDT | +0.0060% | 1h | 0.09182 | −0.206% | $147K | $705K | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
Extended HBAR-USD
MEXC HBAR_USDT
Binance HBARUSDT
ApeX Omni HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09197 | −0.043% | $221K | $2.2M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09192 | −0.098% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09194 | −0.076% | $565K | $590K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09210 | +0.093% | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09192 | −0.101% | $215K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09195 | −0.065% | $32.9M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09196 | −0.054% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09200 | −0.011% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09193 | −0.087% | — | $5.8M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09178 | −0.252% | $373K | $2.1M | 10x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09192 | −0.098% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09206 | +0.054% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09195 | −0.065% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0172% | 8h | 0.09187 | −0.152% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.109% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0383% | 1h | 0.09202 | +0.010% | $1.4M | $2.4M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0366% | 1h | 0.09199 | −0.021% | $112K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2823% | 1h | 0.09200 | −0.006% | $30K | $4K | 5x | as long as short |
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD