Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 2.9435 | +0.0100 | pay 0.0013% / 1h | 27m 22s | $111.1M | $16.7M | 5x | Long Hyperliquid4% off | |
| SHORT | 2.9621 | +0.0100 | get 0.0013% / 1h | 27m 22s | $56K | $20K | 5x | Short Ondo Perps5% off |
Price gap+0.632%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$63 on $10k if the gap goes back to zero (no 7-day history yet).
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$140.0000% /8h now · paid +0.139% over the last 7D
Price—spread +0.632% now · no price history on both exchanges yet
Costsno datano order book for Ondo Perps
Result, before costs—+ Points / potential airdropHyperliquid: Season 2 · Ondo Perps: points · farm boardneeds both price histories
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.632%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLIT on 47 exchanges
lowest funding firstBefore you open
3 ok · 1 to watch- Note: Order book unknown—No order-book sample for Ondo Perps: its slippage is not counted.
- Note: Margin at max leverage$2,000 + $2,000Hyperliquid 5x, Ondo Perps 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Ondo Perps: 24 payments, +$3.00.
- Note: No 7-day spread history+0.632%The gap cannot be compared with its average yet.
- Watch: Short leg is thinner$56K vs $111.1M OIOndo Perps sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2 · Ondo Perps pointsVolume here counts toward the points program.
- OK: No KYC on either legHyperliquid No · Ondo Perps NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0066%/8h × 21 periods+$13.85
Price spread+0.632% → 0+$63.19
Slippage, 4 ordersno data for Ondo Perps—
Fee Hyperliquid bp × 2 orders−$9.00
Fee Ondo Perps bp × 2 orders−$5.00
Net, fees only · 7 days · $10k+$63.05
Costs to cover0.140%Break-evenfrom the start
Slippage: Hyperliquid: live order book, 5 min ago; Ondo Perps: no order-book sampleCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid0.177.2 bp−$724.7 bp−$24788.1 bp−$8,810doesn’t fit
SELL · SHORTOndo Perps—————
Closing costs about the same again.
Ondo Perps: no data.
| 10-28 14:18 | Derive | Other | V3 is running smoothly, and our team keeps shipping improvements. Here are three updates traders can expect this week: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • More capital-efficient collateral. You can borrow more against $HYPE and $kHYPE in eligible accounts. • More collateral types. We'll add $LIT as collateral to back supported altcoin markets. @DeriveXYZ on X ↗ |
| 10-28 13:48 | Derive | Other | V3 is running smoothly, and our team keeps shipping improvements. Here are three features going into effect for traders soon: • Lower options margin. You can trade BTC, ETH, and other supported options with less collateral in standard-margin accounts, leaving more available for your next trade. • $DRV perps. You can trade DRV with up to 3x leverage and use your DRV holdings as collateral in supported accounts. • More collateral options. You can borrow more against HYPE and kHYPE in eligible accounts, and use $LIT to back supported altcoin trades. @DeriveXYZ on X ↗ |
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