W

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.185%

Price spread now: Hyperliquid against Deribit−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit W_USDC-PERPETUAL	0.01187	0	get 0.0000% / 1h	31m 31s	$16K	$2K	10x
Short	Hyperliquid W	0.01187	0.0100	get 0.0013% / 1h	31m 31s	$2.0M	$344K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersPrice spread, now −0.008%Rate

Funding earned: $21
Price spread: −0.008% → 0.000%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.16
Costs to cover: 0.160%
Break-even: 5.6 days

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 9 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 Deribit no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	4.22 bp	25.5 bp −$26	doesn't fit	doesn't fit	doesn't fit

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.

W on 17 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
Deribit W_USDC-PERPETUALlong	0.0000%	1h	0.01187	long leg	$16K	$2K	10x
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.845%	$1K	$1K	12x	as long as short
Hyperliquid Wshort	+0.0100%	1h	0.01187	−0.008%	$2.0M	$344K	5x
Binance WUSDT	+0.0100%	4h	0.01188	+0.042%	$3.0M	$6.5M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01186	−0.101%	$4.2M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01188	+0.067%	$1.3M	$1.9M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01189	+0.194%	$450K	$229K	75x	as long as short
MEXC W_USDT	+0.0100%	4h	0.01187	+0.017%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01183	−0.345%	$383K	$213K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01186	−0.093%	$1.3M	$581K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01184	−0.244%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01175	−0.978%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01181	−0.534%	$127K	$422K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01187	+0.014%	$60K	$231K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0360%	1h	0.01187	+0.008%	$14K	$15K	50x	as long as short
Backpack W_USDC_PERP	+0.0511%	1h	0.01188	+0.110%	$44K	$44K	15x	as long as short
Kraken Futures PF_WUSD	+0.1681%	1h	0.01189	+0.155%	$147K	$183K	20x	as long as short