Funding you earn now, next payment 07:00 UTC+0.0369%/8h= +40.4% APRnext payment +$0.46 per $10,000 · paid last 24h +0.078%
Price spread now: Hyperliquid against Deribit+0.114%7-day average +0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.114%, 7d avg +0.067%
=Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.047% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.067%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit WLD_USDC-PERPETUAL | 0.4544 | 0.0411 | pay 0.0051% / 1h | 50m 54s | $151K | $1.0M | 25x |
| Short | Hyperliquid WLD | 0.4549 | 0.0779 | get 0.0097% / 1h | 50m 54s | $49.9M | $44.8M | 10x |
Deribit WLD_USDC-PERPETUAL
Hyperliquid WLDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $77.44
- Price spread: +0.114% → +0.067%
- $4.74
- Slippage, 4 orders
- −$13.88
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $52.3
- Costs to cover
- 0.299%
- Break-even
- 2.3 days
Slippage from Deribit: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Deribit live order book, 3 min ago | 4.41 bp | 7.9 bp −$8 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.11 bp | 5.0 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado WLD-PERP | −0.0015% | 1h | 0.4533 | −0.231% | $239K | $170K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4530 | −0.306% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERP | 0.0000% | 8h | 0.4538 | −0.132% | $64K | $4.8M | 1.7x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4541 | −0.069% | $66K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0081% | 8h | 0.4545 | +0.022% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4540 | −0.088% | $27K | $789K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4544 | +0.004% | $227K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4531 | −0.286% | $50K | $539K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4542 | −0.043% | $86.6M | $339.6M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4542 | −0.044% | $64.9M | $91.7M | 50x | as long as short |
Nado WLD-PERP
dYdX WLD-USD
Kalshi KXWLDPERP
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4541 | −0.066% | $34.4M | $155.4M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4542 | −0.044% | $7.2M | $36.1M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4545 | +0.022% | $40.1M | $56.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4542 | −0.044% | $29.9M | $31.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4541 | −0.066% | — | $70.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4547 | +0.064% | $132K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4541 | −0.072% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4536 | −0.179% | $27K | $320K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4541 | −0.066% | $603K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4537 | −0.154% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4537 | −0.161% | $63K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4548 | +0.088% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4542 | −0.044% | $214 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4529 | −0.330% | $828K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4543 | −0.022% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4542 | −0.038% | $209K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4541 | −0.055% | $31K | $500 | 3x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4541 | −0.066% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4538 | −0.137% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4533 | −0.251% | $5K | $44K | 10x | as long as short |
| 01 Exchange WLDUSD | +0.0160% | 1h | 0.4534 | −0.220% | $324 | $55 | 5x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4542 | −0.051% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4543 | −0.022% | $4.8M | $938K | 75x | as long as short |
| Lighter WLD | +0.0288% | 1h | 0.4550 | +0.134% | $4.9M | $2.9M | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALlong | +0.0411% | 1h | 0.4544 | long leg | $151K | $1.0M | 25x | |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4539 | −0.110% | $275K | $1.7M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0779% | 1h | 0.4549 | +0.114% | $49.9M | $44.8M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1042% | 1h | 0.4544 | −0.009% | $865K | $2.9M | 50x | as long as short |
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Injective WLD/USDC PERP
Reya WLDRUSDPERP
Phoenix WLD
01 Exchange WLDUSD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Lighter WLD
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD