Funding you earn now, next payment 06:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h −0.176%
Price spread now: Deribit against Hyperliquid−0.008%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01192 | 0.0100 | pay 0.0013% / 1h | 0m 59s | $2.0M | $293K | 5x |
| Short | Deribit W_USDC-PERPETUAL | 0.01192 | 0.0170 | get 0.0021% / 1h | 0m 59s | $15K | $3K | 10x |
Hyperliquid W
Deribit W_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
- $14.63
- Price spread: −0.008% → 0.000%
- −$0.84
- 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
- −$2.21
- Costs to cover
- 0.160%
- Break-even
- 8.1 days
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 | 4.19 bp | 36.0 bp −$36 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.426% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01192 | long leg | $2.0M | $293K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01191 | −0.059% | $3.0M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01189 | −0.243% | $4.2M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01190 | −0.168% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01188 | −0.352% | $430K | $250K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01191 | −0.050% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01190 | −0.168% | $400K | $194K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01192 | 0.000% | $1.3M | $589K | 50x | as long as short |
| BingX W-USDT | +0.0100% | 4h | 0.01190 | −0.134% | — | $6.7M | — | as long as short |
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDT
BingX W-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni W | +0.0100% | 4h | 0.01189 | −0.257% | $72K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01192 | −0.011% | $130K | $372K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01191 | −0.089% | $60K | $146K | 5x | as long as short |
| Deribit W_USDC-PERPETUALshort | +0.0170% | 1h | 0.01192 | −0.008% | $15K | $3K | 10x | |
| Backpack W_USDC_PERP | +0.0366% | 1h | 0.01193 | +0.050% | $44K | $42K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01192 | +0.017% | $14K | $14K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1713% | 1h | 0.01193 | +0.081% | $149K | $188K | 20x | as long as short |
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD