Funding you earn now, next payment 01:00 UTC−0.0652%/8h= −71.4% APRnext payment −$0.82 per $10,000 · paid last 24h −0.070%
Price spread now: Deribit against Hyperliquid−0.074%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$300.299% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.074%, 7d avg −0.064%
=Together, before fees−0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.82 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 | Hyperliquid WLD | 0.4719 | 0.0827 | pay 0.0103% / 1h | 21m 00s | $52.7M | $43.6M | 10x |
| Short | Deribit WLD_USDC-PERPETUAL | 0.4716 | 0.0174 | get 0.0022% / 1h | 21m 00s | $135K | $863K | 25x |
Hyperliquid WLD
Deribit WLD_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
- −$137.01
- Price spread: −0.074% → −0.064%
- −$1.05
- Slippage, 4 orders
- −$13.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$167.97
- Costs to cover
- 0.299%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Deribit: live order book, 53 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, 12 min ago | 0.11 bp | 6.3 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 53 min ago | 4.36 bp | 7.9 bp −$8 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0170% | 8h | 0.4712 | −0.159% | $40K | $4.0M | 1.7x | as long as short |
| Nado WLD-PERP | −0.0021% | 1h | 0.4706 | −0.286% | $278K | $175K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0017% | 8h | 0.4707 | −0.265% | $7.0M | $11.1M | 50x | as long as short |
| Phemex WLDUSDT | −0.0009% | 8h | 0.4710 | −0.201% | $1.9M | $3.7M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4707 | −0.264% | $168K | $12K | 10x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0002% | 1h | 0.4717 | −0.053% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −1.282% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0047% | 8h | 0.4716 | −0.074% | $29K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4713 | −0.146% | $208K | $974K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4709 | −0.222% | $55K | $481K | 5x | as long as short |
Kalshi KXWLDPERP
Nado WLD-PERP
KuCoin WLDUSDTM
Phemex WLDUSDT
dYdX WLD-USD
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance WLDUSDT | +0.0100% | 8h | 0.4712 | −0.160% | $90.1M | $308.7M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4717 | −0.053% | $68.1M | $83.1M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4718 | −0.032% | $35.6M | $149.2M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4711 | −0.180% | $7.7M | $35.9M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4709 | −0.222% | $48.6M | $54.5M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4721 | +0.032% | $31.6M | $26.9M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4713 | −0.138% | — | $67.2M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4712 | −0.161% | $140K | $279K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4717 | −0.059% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4713 | −0.147% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4733 | +0.288% | $625K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4713 | −0.138% | $55K | $230K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4707 | −0.275% | $48K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4718 | −0.032% | $24K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4713 | −0.138% | $225 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4712 | −0.159% | $873K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4719 | −0.002% | $218K | $893K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4713 | −0.131% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4702 | −0.365% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4704 | −0.331% | $5K | $53K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUALshort | +0.0174% | 1h | 0.4716 | −0.074% | $135K | $863K | 25x | |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4713 | −0.138% | $5.0M | $874K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4715 | −0.099% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0248% | 1h | 0.4712 | −0.157% | $337 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0320% | 1h | 0.4717 | −0.053% | $931K | $2.7M | 50x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4716 | −0.074% | $286K | $1.7M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0827% | 1h | 0.4719 | long leg | $52.7M | $43.6M | 10x | |
| Lighter WLD | +0.0984% | 1h | 0.4724 | +0.100% | $5.4M | $2.0M | 10x | as long as short |
Binance WLDUSDT
Bybit WLDUSDT
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
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Kraken Futures PF_WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD