Funding you earn now, next payment 00:00 UTC+0.0271%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.172%
Price spread now: Hyperliquid against Deribit+0.101%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 +$8 a day on $10k at the current rate, and Hyperliquid is 0.101% dearer against Deribit than usual: you sell high and buy low: +$10 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 W_USDC-PERPETUAL | 0.01186 | −0.0171 | get 0.0021% / 1h | 0m 58s | $16K | $2K | 10x |
| Short | Hyperliquid W | 0.01187 | 0.0100 | get 0.0013% / 1h | 0m 58s | $2.0M | $416K | 5x |
Deribit W_USDC-PERPETUAL
Hyperliquid WFunding 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
- $57.01
- Price spread: +0.101% → 0.000%
- $10.12
- 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
- $51.13
- Costs to cover
- 0.160%
- Break-even
- 0.7 days
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago | 4.23 bp | 21.3 bp −$21 | 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.
W on 17 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 W_USDC-PERPETUALlong | −0.0171% | 1h | 0.01186 | long leg | $16K | $2K | 10x | |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.956% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0038% | 4h | 0.01185 | −0.093% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01187 | +0.101% | $2.0M | $416K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01186 | +0.046% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01183 | −0.219% | $4.1M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01186 | +0.034% | $448K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01185 | −0.025% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01186 | +0.017% | $466K | $215K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01186 | +0.017% | $1.3M | $571K | 50x | as long as short |
Injective W/USDC PERP
OKX W-USDT-SWAP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01186 | 0.000% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01182 | −0.279% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01184 | −0.154% | $127K | $377K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01185 | −0.025% | $59K | $228K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0248% | 1h | 0.01187 | +0.076% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0530% | 1h | 0.01187 | +0.067% | $44K | $46K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0715% | 1h | 0.01188 | +0.205% | $147K | $181K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD