Funding you earn now, next payment 04:00 UTC−0.0433%/8h= −47.5% APRnext payment −$0.54 per $10,000 · paid last 24h −0.235%
Price spread now: Deribit against Hyperliquid−0.360%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$13 a day on $10k at the current rate, and Deribit is 0.360% cheaper against Hyperliquid than usual: you would sell low and buy high (−$36 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 LIT | 4.6932 | 0.0100 | pay 0.0013% / 1h | 31m 43s | $209.9M | $42.1M | 5x |
| Short | Deribit LIT_USDC-PERPETUAL | 4.6763 | −0.0333 | pay 0.0042% / 1h | 31m 43s | $41K | $40K | 10x |
Hyperliquid LIT
Deribit LIT_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
- −$91.02
- Price spread: −0.360% → 0.000%
- −$36.01
- 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
- −$143.03
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 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, 12 min ago | 0.11 bp | doesn't fit | 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.
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange LITUSD | −0.0496% | 1h | 4.6753 | −0.381% | $33K | $4K | 5x | as long as short |
| Orderly PERP_LIT_USDC | −0.0392% | 4h | 4.6712 | −0.469% | $32K | $1K | 10x | as long as short |
| Deribit LIT_USDC-PERPETUALshort | −0.0333% | 1h | 4.6763 | −0.360% | $41K | $40K | 10x | |
| Bullet LIT-USD | −0.0284% | 1h | 4.6761 | −0.364% | $83K | $68K | 20x | as long as short |
| Gate LIT_USDT | −0.0224% | 4h | 4.6880 | −0.111% | $2.7M | $4.3M | 50x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0192% | 1h | 4.6848 | −0.180% | $612K | $398K | 50x | as long as short |
| Backpack LIT_USDC_PERP | −0.0140% | 1h | 4.6833 | −0.211% | $661K | $1.4M | 5x | as long as short |
| Extended LIT-USD | −0.0104% | 1h | 4.6833 | −0.212% | $5.1M | $5.0M | 25x | as long as short |
| Phemex LITUSDT | −0.0090% | 4h | 4.6760 | −0.366% | $1.4M | $2.8M | 20x | as long as short |
| Bybit LITUSDT | −0.0058% | 4h | 4.6882 | −0.107% | $41.3M | $28.8M | 75x | as long as short |
01 Exchange LITUSD
Orderly PERP_LIT_USDC
Bullet LIT-USD
Gate LIT_USDT
Coinbase International LIT-PERP-INTX
Backpack LIT_USDC_PERP
Extended LIT-USD
Phemex LITUSDT
Bybit LITUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0034% | 1h | 4.6644 | −0.614% | $201K | $305K | 5x | as long as short |
| KuCoin LITUSDTM | −0.0002% | 4h | 4.6888 | −0.094% | $5.2M | $1.0M | 30x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.6892 | −0.086% | $34K | — | 5x | as long as short |
| OKX LIT-USDT-SWAP | 0.0000% | 4h | 4.6887 | −0.096% | $25.2M | $61.4M | 50x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0002% | 1h | 4.6788 | −0.306% | $11K | — | 150x | as long as short |
| Nado LIT-PERP | +0.0008% | 1h | 4.6742 | −0.406% | $2.2M | $1.7M | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +2.361% | $422 | $178K | 5.5x | as long as short |
| ApeX Omni LITUSDT | +0.0048% | 1h | 4.6580 | −0.750% | $56K | $76K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0061% | 1h | 4.6764 | −0.358% | $437K | $110K | 10x | as long as short |
| Paradex LIT-USD-PERP | +0.0068% | 8h | 4.6725 | −0.440% | $6K | $2K | 5x | as long as short |
| RISEx LIT/USDC | +0.0073% | 1h | 4.6766 | −0.354% | $784K | $2.1M | 5x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.6916 | −0.034% | $58.4M | $28.6M | 5x | as long as short |
| Lighter RH LIT | +0.0096% | 1h | 4.6932 | 0.000% | $3.6M | $13.1M | 5x | as long as short |
| Hyperliquid LITlong | +0.0100% | 1h | 4.6932 | long leg | $209.9M | $42.1M | 5x | |
| Pacifica LIT | +0.0100% | 1h | 4.6762 | −0.362% | $585K | $1.6M | 10x | as long as short |
| Binance LITUSDT | +0.0100% | 4h | 4.6870 | −0.133% | $74.9M | $79.4M | 75x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.6773 | −0.339% | $114K | $456K | 5x | as long as short |
| MEXC LIT_USDT | +0.0100% | 4h | 4.6882 | −0.107% | $5.6M | $3.9M | 100x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.6900 | −0.068% | $6.7M | $2.6M | 20x | as long as short |
| edgeX LITUSDC | +0.0100% | 4h | 4.6556 | −0.802% | $285K | $305K | 10x | as long as short |
| GRVT LIT_USDT_Perp | +0.0100% | 4h | 4.6630 | −0.644% | $906K | $1.8M | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.6788 | −0.306% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.6770 | −0.345% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.6785 | −0.313% | $1K | $387K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.6700 | −0.494% | $197K | $387K | 30x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.6576 | −0.759% | $116K | $1K | 10x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.6761 | −0.365% | $146K | — | 3x | as long as short |
| Aster LITUSDT | +0.0193% | 4h | 4.6940 | +0.018% | $12.6M | $2.0M | 50x | as long as short |
| Aftermath Perps LITUSD | +0.0242% | 1h | 4.6666 | −0.566% | $9K | $207K | 10x | as long as short |
| Perpl LIT | +0.0335% | 43m | 4.6775 | −0.335% | $31K | $788K | 33x | as long as short |
| BloFin LIT-USDT | +0.0340% | 4h | 4.6670 | −0.558% | $1.5M | $1.9M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0418% / S −0.0217% | 1h | 4.6787 | −0.309% | $63K | — | 50x | as long as short |
Phoenix LIT
KuCoin LITUSDTM
dYdX LIT-USD
OKX LIT-USDT-SWAP
gTrade (Gains Network) LIT/USD
Nado LIT-PERP
Injective LIT/USDC PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Paradex LIT-USD-PERP
RISEx LIT/USDC
Lighter LIT
Lighter RH LIT
Pacifica LIT
Binance LITUSDT
Arcus LIT-USD
MEXC LIT_USDT
Bitget LITUSDT
edgeX LITUSDC
GRVT LIT_USDT_Perp
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Bulk LIT-USD
Aevo LIT-PERP
Aster LITUSDT
Aftermath Perps LITUSD
Perpl LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]