Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRnext payment +$0.09 per $10,000 · paid last 24h +0.066%
Price spread now: Hyperliquid against Deribit+0.108%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 4 days (all we have)−0.274%−$27 · spread now +0.108%, 7d avg +0.085%
=Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.023% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MON_USDC-PERPETUAL | 0.02509 | 0.0228 | pay 0.0029% / 1h | 42m 20s | $73K | $138K | 25x |
| Short | Hyperliquid MON | 0.02512 | 0.0300 | get 0.0037% / 1h | 42m 20s | $34.0M | $7.8M | 5x |
Deribit MON_USDC-PERPETUAL
Hyperliquid MONFunding 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
- $14.93
- Price spread: +0.108% → +0.085%
- $2.25
- Slippage, 4 orders
- −$36.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.36
- Costs to cover
- 0.525%
- Break-even
- 23.6 days
Slippage from Deribit: live order book, 37 min ago; Hyperliquid: live order book, 11 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, 37 min ago | 9.00 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 2.20 bp | 11.2 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
MON on 33 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 MON/USDC PERP | −0.0032% | 1h | 0.02500 | −0.363% | $5K | $110 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02503 | −0.227% | $13K | $349K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02508 | −0.028% | $127K | $2.2M | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02509 | −0.004% | $804K | $785K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02506 | −0.126% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02512 | +0.125% | $394K | $577K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02504 | −0.185% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | −0.253% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02504 | −0.219% | $138K | $92K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02507 | −0.081% | $23.8M | $27.5M | 75x | as long as short |
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Lighter MON
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MON
Binance MONUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit MONUSDT | +0.0100% | 8h | 0.02505 | −0.163% | $20.8M | $13.8M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02507 | −0.084% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.363% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02505 | −0.163% | $933K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02504 | −0.203% | $2.9M | $766K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02511 | +0.076% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02504 | −0.219% | $109K | $157K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02504 | −0.203% | $743K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02507 | −0.078% | $41K | $251K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02504 | −0.214% | $565K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02504 | −0.203% | $68K | $537K | 50x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02506 | −0.124% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02510 | +0.036% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02511 | +0.086% | $47K | $316K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02509 | +0.016% | $38K | — | 3x | as long as short |
| Deribit MON_USDC-PERPETUALlong | +0.0228% | 1h | 0.02509 | long leg | $73K | $138K | 25x | |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02508 | −0.044% | $6K | — | 50x | as long as short |
| Hyperliquid MONshort | +0.0300% | 1h | 0.02512 | +0.108% | $34.0M | $7.8M | 5x | |
| BloFin MON-USDT | +0.0340% | 4h | 0.02502 | −0.283% | $1.3M | $345K | 75x | as long as short |
| 01 Exchange MONUSD | +0.0344% | 1h | 0.02509 | −0.004% | $6K | $3K | 5x | as long as short |
| Aftermath Perps MONUSD | +0.0578% | 1h | 0.02505 | −0.181% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0680% | 1h | 0.02512 | +0.108% | $111K | $55K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.1200% | 1h | 0.02513 | +0.158% | $270K | $119K | 10x | as long as short |
Bybit MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Orderly PERP_MON_USDC
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
01 Exchange MONUSD
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD