Funding you earn now, next payment 05:00 UTC−0.0342%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.116%
Price spread now: Deribit against Hyperliquid−0.248%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days−0.720%−$72 on $10k
+Price spread, last 4 days (all we have)+0.314%+$31 · spread now −0.248%, 7d avg −0.074%
=Together, before fees−0.406%+ Points / potential airdropHyperliquid: Season 2 · farm board−$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Deribit is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WIF | 0.2578 | 0.0481 | pay 0.0060% / 1h | 32m 39s | $8.6M | $5.2M | 5x |
| Short | Deribit WIF_USDC-PERPETUAL | 0.2572 | 0.0139 | get 0.0017% / 1h | 32m 39s | $40K | $263K | 25x |
Hyperliquid WIF
Deribit WIF_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
- −$71.88
- Price spread: −0.248% → −0.074%
- −$17.43
- Slippage, 4 orders
- −$28.38
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$133.69
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Deribit: live order book, 21 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, 10 min ago | 3.71 bp | 17.9 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 3.91 bp | 7.4 bp −$7 | 21.5 bp −$215 | doesn't fit | doesn't fit |
WIF on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin WIF-USDT | −0.0194% | 4h | 0.2573 | −0.209% | $1.1M | $916K | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2574 | −0.189% | $14K | $597 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S −0.0001% | 1h | 0.2571 | −0.275% | — | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2555 | −0.908% | $11K | $10K | 12x | as long as short |
| Lighter WIF | +0.0096% | 1h | 0.2576 | −0.078% | $148K | $652K | 10x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2572 | −0.248% | $52K | $562K | 20x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2572 | −0.244% | $45K | $310K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2574 | −0.171% | $80K | $64K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2573 | −0.204% | $20.4M | $127.1M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2570 | −0.326% | $17.6M | $42.5M | 50x | as long as short |
BloFin WIF-USDT
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Lighter WIF
Popdex WIFUSDT
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2571 | −0.287% | $6.2M | $39.1M | 50x | as long as short |
| Gate WIF_USDT | +0.0100% | 4h | 0.2572 | −0.248% | $1.2M | $8.2M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2573 | −0.209% | $23.7M | $11.5M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2571 | −0.287% | $4.4M | $15.2M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2573 | −0.209% | $7.9M | $14.3M | 50x | as long as short |
| BingX WIF-USDC | +0.0100% | 4h | 0.2569 | −0.365% | — | $2.3M | — | as long as short |
| Backpack WIF_USDC_PERP | +0.0100% | 1h | 0.2570 | −0.322% | $79K | $303K | 10x | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2581 | +0.103% | $107K | $126K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2572 | −0.254% | $285K | $2.5M | 10x | as long as short |
| ApeX Omni WIFUSDT | +0.0100% | 1h | 0.2572 | −0.248% | $47K | $624K | 25x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2572 | −0.248% | $5K | $1.2M | 10x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2568 | −0.403% | $2K | $2.9M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2571 | −0.268% | $601 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2574 | −0.171% | $167K | $729K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2571 | −0.296% | $12K | $155K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2571 | −0.268% | $86K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC] | L +0.0117% / S −0.0001% | 1h | 0.2570 | −0.311% | $8K | — | 100x | as long as short |
| Deribit WIF_USDC-PERPETUALshort | +0.0139% | 1h | 0.2572 | −0.248% | $40K | $263K | 25x | |
| Coinbase International WIF-PERP-INTX | +0.0352% | 1h | 0.2574 | −0.171% | $348K | $3.0M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0358% | 1h | 0.2572 | −0.263% | $675K | $2.4M | 50x | as long as short |
| Hyperliquid WIFlong | +0.0481% | 1h | 0.2578 | long leg | $8.6M | $5.2M | 5x | |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2570 | −0.324% | $1 | — | 15x | as long as short |
OKX WIF-USDT-SWAP
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDC
Backpack WIF_USDC_PERP
Variational Omni WIF
GRVT WIF_USDT_Perp
ApeX Omni WIFUSDT
Orderly PERP_WIF_USDC
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
GMX WIF/USD [WBTC.b-USDC]
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
Reya WIFRUSDPERP