Funding you earn now, next payment 23:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.051%
Price spread now: Deribit against Hyperliquid−0.048%50s7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.417% of the position
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.048%, 7d avg −0.048%
=Together, before fees−0.131%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. 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 UNI | 8.9783 | 0.0458 | pay 0.0057% / 1h | 1m 20s | $98.8M | $59.4M | 10x |
| Short | Deribit UNI_USDC-PERPETUAL | 8.9740 | 0.0208 | get 0.0026% / 1h | 1m 20s | $570K | $157K | 50x |
Hyperliquid UNI
Deribit UNI_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
- −$52.46
- Price spread: −0.048% → −0.048%
- −$0.06
- Slippage, 4 orders
- −$25.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$94.24
- Costs to cover
- 0.417%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 13 min ago; Deribit: live order book, 17 min ago.
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, 13 min ago | 0.06 bp | 7.0 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 17 min ago | 6.97 bp | 10.5 bp −$10 | 19.8 bp −$198 | doesn't fit | doesn't fit |
UNI on 40 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 UNI | −0.0030% | 8h | 8.9413 | −0.412% | $4.0M | $4.6M | — | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 8.9727 | −0.063% | $62K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0026% | 8h | 8.9690 | −0.104% | $102.5M | $105.0M | 75x | as long as short |
| Injective UNI/USDC PERP | +0.0033% | 1h | 8.8300 | −1.652% | $660 | $155K | 12x | as long as short |
| OKX UNI-USDT-SWAP | +0.0063% | 8h | 8.9700 | −0.092% | $55.4M | $248.2M | 50x | as long as short |
| 01 Exchange UNIUSD | +0.0088% | 1h | 8.9783 | 0.000% | $448 | — | 10x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.9775 | −0.009% | $26K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.9607 | −0.195% | $949K | $4.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.9730 | −0.059% | $1.0M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.9824 | +0.045% | $299K | $584K | 10x | as long as short |
Variational Omni UNI
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
Injective UNI/USDC PERP
OKX UNI-USDT-SWAP
01 Exchange UNIUSD
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.9734 | −0.054% | $220.9M | $592.7M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.9800 | +0.019% | $277K | $621K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.9720 | −0.070% | $23.1M | $59.1M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.9710 | −0.081% | $43.2M | $24.7M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.9650 | −0.148% | $13.6M | $13.8M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.9690 | −0.104% | $32.6M | $41.5M | 75x | as long as short |
| BingX UNI-USDT | +0.0100% | 8h | 8.9710 | −0.081% | — | $51.7M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.9757 | −0.029% | $998K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.9542 | −0.268% | $168K | $344K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 8.9616 | −0.186% | $628K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.9540 | −0.271% | $88K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.9660 | −0.137% | $107K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.9679 | −0.116% | $87K | $356K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.9720 | −0.070% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.9752 | −0.035% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.9724 | −0.066% | $25K | $663K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.9860 | +0.086% | $735K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.9700 | −0.092% | $27.0M | $4.4M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.9673 | −0.123% | $303K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.9901 | +0.131% | $32K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0111% | 1h | 8.9800 | +0.019% | $249K | $6K | 10x | as long as short |
| Deribit UNI_USDC-PERPETUALshort | +0.0208% | 1h | 8.9740 | −0.048% | $570K | $157K | 50x | |
| BloFin UNI-USDT | +0.0220% | 8h | 8.9480 | −0.337% | $9.9M | $3.4M | 75x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0224% | 1h | 8.9730 | −0.059% | $1.1M | $5.4M | 50x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0337% | 1h | 8.9770 | −0.015% | $5.0M | $7.0M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0363% | 1h | 8.9615 | −0.187% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0380% / S −0.0320% | 1h | 8.9712 | −0.079% | $563K | — | 120x | as long as short |
| Hyperliquid UNIlong | +0.0458% | 1h | 8.9783 | long leg | $98.8M | $59.4M | 10x | |
| Aftermath Perps UNIUSD | +0.0678% | 1h | 8.9586 | −0.220% | $1K | $49K | 10x | as long as short |
| Lighter UNI | +0.0680% | 1h | 8.9923 | +0.156% | $4.6M | $5.2M | 15x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDT
Backpack UNI_USDC_PERP
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
BloFin UNI-USDT
Coinbase International UNI-PERP-INTX
Kraken Futures PF_UNIUSD
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Lighter UNI