Funding you earn now, next payment 22:00 UTC−0.0672%/8h= −73.6% APRnext payment −$0.84 per $10,000 · paid last 24h −0.048%
Price spread now: Derive against Hyperliquid−0.299%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Derive is 0.299% cheaper against Hyperliquid than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CC | 0.1167 | 0.0772 | pay 0.0097% / 1h | 35m 18s | $5.4M | $1.3M | 3x |
| Short | Derive CC-PERP | 0.1163 | 0.0100 | get 0.0013% / 1h | 35m 18s | $7K | $35K | 6.7x |
Hyperliquid CC
Derive CC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$141.17
- Price spread: −0.299% → 0.000%
- −$29.92
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$186.09
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Derive: no order-book sample. 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, 7 min ago | 1.71 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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.
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3670% | 1h | 0.1153 | −1.157% | $6K | $98 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1164 | −0.228% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1165 | −0.127% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1164 | −0.231% | $11.0M | $10.9M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1164 | −0.231% | $10.5M | $3.7M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1164 | −0.206% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1164 | −0.206% | $362K | $206K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1164 | −0.249% | $1.7M | $294K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1165 | −0.129% | $492K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1165 | −0.120% | $939K | $791K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1164 | −0.231% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1164 | −0.249% | $17K | $21K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1164 | −0.205% | $580K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1165 | −0.130% | $82K | $2.2M | 10x | as long as short |
| Derive CC-PERPshort | +0.0100% | 1h | 0.1163 | −0.299% | $7K | $35K | 6.7x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1165 | −0.146% | $588K | $108K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0442% / S −0.0239% | 1h | 0.1164 | −0.174% | $43K | — | 50x | as long as short |
| Hyperliquid CClong | +0.0772% | 1h | 0.1167 | long leg | $5.4M | $1.3M | 3x | |
| Lighter CC | +0.1512% | 1h | 0.1169 | +0.180% | $233K | $160K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC