Settings8H · net · $10k
Funding arb · Price arb /

CC

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.059%
Price spread now: Derive against Hyperliquid−0.311%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.311% cheaper against Hyperliquid than usual: you would sell low and buy high, −$31 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11810.0100pay 0.0013% / 1h30m 39s$5.5M$1.4M3x
ShortDerive CC-PERP0.11770.0100get 0.0013% / 1h30m 39s$6K$36K6.7x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.311% → 0.000%
−$31.07
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Derive: 3 bp × 2 orders
−$6
Net
−$46.07
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 1 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 1 min ago2.54 bp10.7 bp −$11doesn't fitdoesn't fitdoesn'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 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3556%1h0.1161−1.669%$6K$995.5xas long as short
Bybit CCUSDT−0.0173%4h0.1178−0.195%$10.7M$3.9M25xas long as short
MEXC CC_USDT−0.0172%4h0.1178−0.220%$1.6M$314K100xas long as short
Paradex CC-USD-PERP+0.0088%8h0.1178−0.196%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1181long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1178−0.193%$35K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.1179−0.181%$11.1M$12.0M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1179−0.110%$2.6M$3.6M20xas long as short
Gate CC_USDT+0.0100%4h0.1177−0.271%$366K$219K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1180−0.093%$485K$123K50xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1179−0.169%$933K$800K20xas long as short
BingX CC-USDT+0.0100%4h0.1178−0.186%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1178−0.237%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1176−0.430%$600K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1176−0.383%$79K$2.3M10xas long as short
Derive CC-PERPshort+0.0100%1h0.1177−0.311%$6K$36K6.7x
GMX CC/USD [WBTC.b-USDC]L +0.0449% / S −0.0241%1h0.1178−0.187%$44K50xas long as short
Lighter CC+0.0784%1h0.1183+0.195%$239K$155K5xas long as short