Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.050%
Price spread now: Hyperliquid against Deribit+0.196%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.196% dearer against Deribit than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit TIA_USDC-PERPETUAL | 0.4485 | 0 | get 0.0000% / 1h | 46m 48s | $31K | $25K | 25x |
| Short | Hyperliquid TIA | 0.4494 | 0.0100 | get 0.0013% / 1h | 46m 48s | $4.9M | $1.5M | 5x |
Deribit TIA_USDC-PERPETUAL
Hyperliquid TIAFunding 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
- $21
- Price spread: +0.196% → 0.000%
- $19.62
- 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
- $24.62
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago | 0.11 bp | 9.4 bp −$9 | 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.
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX TIA/USD [ETH-USDC] | L −0.2051% / S +0.0116% | 1h | 0.4483 | −0.040% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0112% | 1h | 0.4484 | −0.022% | $354K | $224K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALlong | 0.0000% | 1h | 0.4485 | long leg | $31K | $25K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4487 | +0.044% | $1K | — | 150x | as long as short |
| OKX TIA-USDT-SWAP | +0.0039% | 4h | 0.4481 | −0.089% | $2.8M | $7.0M | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0048% | 1h | 0.4484 | −0.022% | $24K | $12K | 12x | as long as short |
| dYdX TIA-USD | +0.0071% | 1h | 0.4488 | +0.067% | $53K | $139 | 10x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4495 | +0.219% | $195K | $468K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0099% | 4h | 0.4485 | 0.000% | $7K | $225K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4494 | +0.196% | $4.9M | $1.5M | 5x |
GMX TIA/USD [ETH-USDC]
Kraken Futures PF_TIAUSD
gTrade (Gains Network) TIA/USD
OKX TIA-USDT-SWAP
Injective TIA/USDC PERP
dYdX TIA-USD
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4488 | +0.056% | $33K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4486 | +0.027% | $14.3M | $49.1M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4483 | −0.045% | $10.2M | $14.5M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4487 | +0.045% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4486 | +0.022% | $11.9M | $14.3M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4486 | +0.022% | $4.3M | $10.1M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4485 | 0.000% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4486 | +0.022% | — | $13.6M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4484 | −0.025% | $103K | $175K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4491 | +0.128% | $137K | $79K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4487 | +0.045% | $51K | $224K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4488 | +0.067% | $60K | $76K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4483 | −0.048% | $57K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4484 | −0.019% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4482 | −0.076% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4480 | −0.111% | $1.7M | $783K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0416% | 1h | 0.4500 | +0.334% | $53K | $107K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX