Funding you earn now, next payment 22:00 UTC+0.1217%/8h= +133.2% APRnext payment +$1.52 per $10,000 · paid last 24h +0.161%
Price spread now: Hyperliquid against Deribit+0.293%50s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$36 a day on $10k at the current rate, and Hyperliquid is 0.293% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 | Deribit JTO_USDC-PERPETUAL | 0.5183 | −0.1099 | get 0.0137% / 1h | 14m 26s | $13K | $11K | 10x |
| Short | Hyperliquid JTO | 0.5198 | 0.0118 | get 0.0015% / 1h | 14m 26s | $7.3M | $3.2M | 5x |
Deribit JTO_USDC-PERPETUAL
Hyperliquid JTOFunding 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
- $255.49
- Price spread: +0.293% → 0.000%
- $29.33
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $268.82
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 8 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 2.79 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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.
JTO on 26 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 JTO_USDC-PERPETUALlong | −0.1099% | 1h | 0.5183 | long leg | $13K | $11K | 10x | |
| Gate JTO_USDT | −0.0163% | 8h | 0.5186 | +0.058% | $940K | $1.5M | 75x | as long as short |
| OKX JTO-USDT-SWAP | −0.0070% | 4h | 0.5184 | +0.019% | $3.9M | $9.9M | 50x | as long as short |
| Paradex JTO-USD-PERP | −0.0001% | 8h | 0.5184 | +0.013% | $517 | — | 5x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5188 | +0.089% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +6.878% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −4.052% | $31 | $43K | 5.5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5191 | +0.158% | $100K | $184K | 10x | as long as short |
| Aster JTOUSDT | +0.0100% | 4h | 0.5191 | +0.155% | $174K | $176K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5186 | +0.059% | $11.6M | $27.9M | 75x | as long as short |
Gate JTO_USDT
OKX JTO-USDT-SWAP
Paradex JTO-USD-PERP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Lighter JTO
Aster JTOUSDT
Binance JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit JTOUSDT | +0.0100% | 4h | 0.5192 | +0.174% | $7.6M | $13.6M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5185 | +0.029% | $56K | $2K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5185 | +0.039% | $7.1M | $3.7M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5190 | +0.139% | $1.5M | $610K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5188 | +0.096% | $2.6M | $2.4M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5187 | +0.077% | — | $63.5M | — | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5191 | +0.159% | $184K | $259K | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5187 | +0.077% | $4K | $2K | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5183 | +0.006% | $526K | $854K | 10x | as long as short |
| Hyperliquid JTOshort | +0.0118% | 1h | 0.5198 | +0.293% | $7.3M | $3.2M | 5x | |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5193 | +0.185% | $2K | — | 50x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0320% | 1h | 0.5193 | +0.193% | $57K | $125K | 25x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5186 | +0.058% | $640K | $578K | 75x | as long as short |
| Backpack JTO_USDC_PERP | +0.0350% | 1h | 0.5189 | +0.108% | $264K | $501K | 10x | as long as short |
| Phoenix JTO | +0.0463% | 1h | 0.5198 | +0.289% | $374K | $267K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0606% | 1h | 0.5190 | +0.144% | $354K | $312K | 25x | as long as short |
Bybit JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Variational Omni JTO
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Coinbase International JTO-PERP-INTX
BloFin JTO-USDT
Backpack JTO_USDC_PERP
Phoenix JTO
Kraken Futures PF_JTOUSD