Funding you earn now, next payment 02:00 UTC−0.0296%/8h= −32.4% APRnext payment −$0.37 per $10,000 · paid last 24h −0.131%
Price spread now: Deribit against Hyperliquid−0.107%7-day average −0.099% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.134%−$113 on $10k
+Price spread, last 3 days (all we have)+0.181%+$18 · spread now −0.107%, 7d avg −0.099%
=Together, before fees−0.953%+ Points / potential airdropHyperliquid: Season 2 · farm board−$95 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.099%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1121 | 0.0100 | pay 0.0013% / 1h | 21m 01s | $3.7M | $2.0M | 5x |
| Short | Deribit ALGO_USDC-PERPETUAL | 0.1120 | −0.0196 | pay 0.0024% / 1h | 21m 01s | $101K | $49K | 25x |
Hyperliquid ALGO
Deribit ALGO_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
- −$62.16
- Price spread: −0.107% → −0.099%
- −$0.77
- 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
- −$78.93
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Deribit: live order book, 47 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 Hyperliquid live order book, 10 min ago | 4.03 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 47 min ago | 6.26 bp | 13.3 bp −$13 | 25.5 bp −$255 | doesn't fit | doesn't fit |
ALGO on 21 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 ALGO_USDC-PERPETUALshort | −0.0196% | 1h | 0.1120 | −0.107% | $101K | $49K | 25x | |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1120 | −0.125% | $71K | $289K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1121 | −0.071% | $6K | — | 150x | as long as short |
| Variational Omni ALGO | +0.0029% | 8h | 0.1120 | −0.139% | $61K | $12K | — | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | −0.134% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1121 | long leg | $3.7M | $2.0M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1121 | −0.085% | $44K | $40K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1120 | −0.143% | $9.9M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.241% | $11.5M | $12.4M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1119 | −0.267% | $2.9M | $7.7M | 50x | as long as short |
Coinbase International ALGO-PERP-INTX
gTrade (Gains Network) ALGO/USD
Variational Omni ALGO
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.169% | $875K | $858K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1120 | −0.116% | $22.9M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1120 | −0.134% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1119 | −0.223% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1120 | −0.143% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1121 | −0.071% | $61K | $143K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1123 | +0.134% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1120 | −0.134% | $6K | $227K | 10x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0261% | 1h | 0.1121 | −0.066% | $830K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0343% / S −0.0313% | 1h | 0.1120 | −0.098% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1573% | 1h | 0.1121 | −0.071% | $162K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD