Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.066%
Price spread now: Deribit against Hyperliquid−0.076%7-day average −0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.145%−$14 on $10k
+Price spread, last 4 days (all we have)+0.242%+$24 · spread now −0.076%, 7d avg −0.085%
=Together, before fees+0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.085%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MON | 0.02508 | 0.0100 | pay 0.0013% / 1h | 58m 17s | $33.9M | $7.8M | 5x |
| Short | Deribit MON_USDC-PERPETUAL | 0.02506 | 0 | get 0.0000% / 1h | 58m 17s | $73K | $137K | 25x |
Hyperliquid MON
Deribit MON_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
- −$21
- Price spread: −0.076% → −0.085%
- $0.93
- 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
- −$36.07
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Deribit: live order book, 16 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, 5 min ago | 0.60 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 16 min ago | 8.17 bp | 11.7 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack MON_USDC_PERP | −0.0433% | 1h | 0.02507 | −0.068% | $109K | $157K | 10x | as long as short |
| Injective MON/USDC PERP | −0.0089% | 1h | 0.02505 | −0.132% | $5K | $108 | 5.5x | as long as short |
| Phoenix MON | 0.0000% | 1h | 0.02508 | −0.028% | $13K | $346K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02507 | −0.040% | $119K | $2.2M | 10x | as long as short |
| Deribit MON_USDC-PERPETUALshort | 0.0000% | 1h | 0.02506 | −0.076% | $73K | $137K | 25x | |
| Lighter MON | +0.0096% | 1h | 0.02508 | −0.012% | $806K | $765K | 10x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02505 | −0.124% | $8K | $42 | 5x | as long as short |
| Hyperliquid MONlong | +0.0100% | 1h | 0.02508 | long leg | $33.9M | $7.8M | 5x | |
| Aster MONUSDT | +0.0100% | 4h | 0.02507 | −0.069% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02505 | −0.119% | $13K | — | 5x | as long as short |
Backpack MON_USDC_PERP
Injective MON/USDC PERP
Phoenix MON
Perpl MON
Lighter MON
Paradex MON-USD-PERP
Aster MONUSDT
dYdX MON-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica MON | +0.0100% | 1h | 0.02506 | −0.076% | $139K | $91K | 3x | as long as short |
| Binance MONUSDT | +0.0100% | 4h | 0.02506 | −0.102% | $23.8M | $27.6M | 75x | as long as short |
| Bybit MONUSDT | +0.0100% | 8h | 0.02504 | −0.187% | $20.9M | $13.9M | 50x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02505 | −0.132% | $4.2M | $6.2M | 50x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02506 | −0.092% | $937K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTM | +0.0100% | 4h | 0.02509 | +0.028% | $2.9M | $765K | 75x | as long as short |
| Bitget MONUSDT | +0.0100% | 4h | 0.02507 | −0.052% | $2.7M | $2.3M | 25x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02504 | −0.185% | $744K | $410K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02505 | −0.133% | $41K | $252K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02510 | +0.080% | $559K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02506 | −0.092% | $68K | $543K | 50x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02510 | +0.074% | $393K | $577K | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0100% | 4h | 0.02506 | −0.092% | $16K | $42K | 10x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02505 | −0.132% | $5K | $6K | 5x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02505 | −0.132% | $103K | −$0 | 10x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02508 | 0.000% | $50K | $318K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02505 | −0.132% | $38K | — | 3x | as long as short |
| 01 Exchange MONUSD | +0.0184% | 1h | 0.02510 | +0.052% | $6K | $3K | 5x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0231% / S −0.0246% | 1h | 0.02505 | −0.116% | $6K | — | 50x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02500 | −0.331% | $1.3M | $333K | 75x | as long as short |
| Aftermath Perps MONUSD | +0.0485% | 1h | 0.02506 | −0.080% | $5K | $103K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0744% | 1h | 0.02515 | +0.271% | $111K | $54K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0798% | 1h | 0.02507 | −0.032% | $269K | $118K | 10x | as long as short |
Pacifica MON
Binance MONUSDT
Bybit MONUSDT
OKX MON-USDT-SWAP
Gate MON_USDT
KuCoin MONUSDTM
Bitget MONUSDT
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
Nado MON-PERP
Orderly PERP_MON_USDC
SoDEX MON-USD
Bulk MON-USD
Extended MON-USD
Aevo MON-PERP
01 Exchange MONUSD
GMX MON/USD [ETH-USDC]
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD