ALT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.046%

Price spread now: Hyperliquid against Deribit−0.092%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 2 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

Funding pays, the price is against you. Hyperliquid is 0.092% cheaper against Deribit than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ALT_USDC-PERPETUAL	0.007568	0.0014	pay 0.0002% / 1h	14m 00s	—	$0	25x
Short	Hyperliquid ALT	0.007561	0.0100	get 0.0013% / 1h	14m 00s	$1.1M	$132K	3x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee HyperliquidbpOrdersPrice spread, now −0.092%Rate

Funding earned: $17.99
Price spread: −0.092% → 0.000%: −$9.25
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$7.26
Costs to cover: 0.160%
Break-even: 9.8 days

Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 6 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 Deribit no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	2.65 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit

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.

ALT on 14 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 ALT_USDC-PERPETUALlong	+0.0014%	1h	0.007568	long leg	—	$0	25x
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.625%	$837	$22	5.5x	as long as short
BloFin ALT-USDT	+0.0069%	4h	0.007560	−0.106%	$168K	$9K	50x	as long as short
Hyperliquid ALTshort	+0.0100%	1h	0.007561	−0.092%	$1.1M	$132K	3x
Binance ALTUSDT	+0.0100%	4h	0.007570	+0.023%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007563	−0.066%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007558	−0.132%	$51K	$383K	25x	as long as short
MEXC ALT_USDT	+0.0100%	4h	0.007566	−0.026%	$383K	$172K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007566	−0.026%	$147K	$20K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007553	−0.198%	$603K	$147K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007561	−0.092%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007555	−0.173%	$4K	$14K	—	as long as short
Kraken Futures PF_ALTUSD	+0.0379%	1h	0.007565	−0.033%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0576%	1h	0.007572	+0.053%	$14K	$2K	50x	as long as short