Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.063%
Price spread now: Deribit against Hyperliquid−0.057%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 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 −$3 a day on $10k at the current rate, and Deribit is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Hyperliquid SEI | 0.06114 | 0.0100 | pay 0.0013% / 1h | 31m 29s | $3.5M | $5.5M | 5x |
| Short | Deribit SEI_USDC-PERPETUAL | 0.06110 | 0 | get 0.0000% / 1h | 31m 29s | $10K | $72K | 25x |
Hyperliquid SEI
Deribit SEI_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: −0.057% → 0.000%
- −$5.73
- 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
- −$42.73
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 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, 10 min ago | 0.50 bp | 10.4 bp −$10 | 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.
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SEI | −0.0180% | 8h | 0.06037 | −1.244% | $322K | $189K | — | as long as short |
| Coinbase International SEI-PERP-INTX | −0.0032% | 1h | 0.06149 | +0.581% | $43K | $221K | 50x | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06108 | −0.082% | — | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUALshort | 0.0000% | 1h | 0.06110 | −0.057% | $10K | $72K | 25x | |
| GMX SEI/USD [ETH-USDC] | L +0.0039% / S +0.0125% | 1h | 0.06109 | −0.080% | $6K | — | 100x | as long as short |
| Bybit SEIUSDT | +0.0089% | 8h | 0.06100 | −0.221% | $14.6M | $36.3M | 50x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.06114 | +0.008% | $278K | $1.2M | 10x | as long as short |
| Hyperliquid SEIlong | +0.0100% | 1h | 0.06114 | long leg | $3.5M | $5.5M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.06114 | +0.012% | $320K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06110 | −0.050% | $15.1M | $130.4M | 75x | as long as short |
Variational Omni SEI
Coinbase International SEI-PERP-INTX
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Bybit SEIUSDT
Lighter SEI
Aster SEIUSDT
Binance SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06099 | −0.237% | $3.5M | $40.4M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.06110 | −0.057% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06110 | −0.057% | $35.4M | $28.6M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06110 | −0.057% | $6.6M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06112 | −0.025% | $10.1M | $16.8M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.06107 | −0.106% | — | $31.4M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06110 | −0.057% | $109K | $615K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06067 | −0.761% | $209K | $1.9M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | −0.548% | $109K | $667K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06102 | −0.188% | $2K | $83K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06113 | −0.008% | $23K | $4.3M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06114 | +0.010% | $79K | $547K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06090 | −0.384% | $765K | $1.3M | 75x | as long as short |
| Injective SEI/USDC PERP | +0.0267% | 1h | 0.06051 | −1.022% | $9K | $43K | 12x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0310% | 1h | 0.06111 | −0.044% | $381K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06108 | −0.090% | $117 | — | 20x | as long as short |
| dYdX SEI-USD | +0.0599% | 1h | 0.06110 | −0.059% | $104K | $2K | 5x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Injective SEI/USDC PERP
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
dYdX SEI-USD