Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.094%
Price spread now: Deribit against Hyperliquid−0.059%7-day average −0.087% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.059%, 7d avg −0.087%
=Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.028% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.087%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02560 | 0.0100 | pay 0.0013% / 1h | 16m 06s | $34.6M | $7.7M | 5x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02559 | 0 | get 0.0000% / 1h | 16m 06s | $69K | $119K | 25x |
Hyperliquid MON
Deribit MON_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
- −$21
- Price spread: −0.059% → −0.087%
- $2.81
- 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
- −$34.19
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Deribit: live order book, 38 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 Hyperliquid live order book, 7 min ago | 2.53 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 38 min ago | 9.67 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MON/USDC PERP | −0.0121% | 1h | 0.02576 | +0.605% | $6K | $107 | 5.5x | as long as short |
| 01 Exchange MONUSD | −0.0096% | 1h | 0.02559 | −0.047% | $6K | $1K | 5x | as long as short |
| Bybit MONUSDT | −0.0032% | 8h | 0.02556 | −0.176% | $21.1M | $12.1M | 50x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02559 | −0.078% | $13K | $360K | 5x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02559 | −0.059% | $69K | $119K | 25x | |
| Orderly PERP_MON_USDC | +0.0070% | 4h | 0.02557 | −0.137% | $17K | $64K | 10x | as long as short |
| Aftermath Perps MONUSD | +0.0093% | 1h | 0.02562 | +0.061% | $3K | $75K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0096% | 8h | 0.02559 | −0.063% | $8K | $42 | 5x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02560 | −0.020% | $850K | $794K | 10x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02564 | +0.151% | $391K | $545K | 10x | as long as short |
Injective MON/USDC PERP
01 Exchange MONUSD
Bybit MONUSDT
Phoenix MON
Orderly PERP_MON_USDC
Aftermath Perps MONUSD
Paradex MON-USD-PERP
Lighter MON
Nado MON-PERPShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MONlong | +0.0100% | 1h | 0.02560 | long leg | $34.6M | $7.7M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02560 | −0.005% | $106K | $231K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02562 | +0.052% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02562 | +0.047% | $141K | $105K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02557 | −0.137% | $24.4M | $25.6M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02556 | −0.176% | $4.3M | $5.9M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02555 | −0.215% | $107K | $390 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02558 | −0.098% | $976K | $912K | 50x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02559 | −0.059% | $2.7M | $1.9M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02559 | −0.066% | $127K | $141K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02557 | −0.132% | $772K | $408K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02557 | −0.140% | $47K | $244K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02561 | +0.002% | $580K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02560 | −0.020% | $68K | $481K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02557 | −0.137% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02560 | −0.028% | $51K | $407K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02557 | −0.152% | $39K | — | 3x | as long as short |
| KuCoin MONUSDTM | +0.0252% | 4h | 0.02565 | +0.176% | $3.0M | $718K | 75x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0260% / S −0.0598% | 1h | 0.02559 | −0.051% | $8K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02557 | −0.137% | $1.3M | $306K | 75x | as long as short |
| Kraken Futures PF_MONUSD | +0.0422% | 1h | 0.02560 | −0.017% | $269K | $78K | 10x | as long as short |
| Perpl MON | +0.0447% | 43m | 0.02561 | +0.020% | $125K | $1.8M | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0480% | 1h | 0.02609 | +1.890% | $115K | $50K | 50x | as long as short |
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
KuCoin MONUSDTM
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Kraken Futures PF_MONUSD
Perpl MON
Coinbase International MON-PERP-INTX