Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.188%
Price spread now: Hyperliquid against Deribit−0.025%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs+$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.452% of the position
Funding, last 7 days+0.799%+$80 on $10k
+Price spread, last 3 days (all we have)+0.134%+$13 · spread now −0.025%, 7d avg −0.048%
=Together, before fees+0.934%+ Points / potential airdropHyperliquid: Season 2 · farm board+$93 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.024% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DOT_USDC-PERPETUAL | 1.2088 | 0 | get 0.0000% / 1h | 12m 14s | $221K | $117K | 50x |
| Short | Hyperliquid DOT | 1.2085 | 0.0100 | get 0.0013% / 1h | 12m 14s | $5.3M | $3.3M | 10x |
Deribit DOT_USDC-PERPETUAL
Hyperliquid DOTFunding 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: −0.025% → −0.048%
- $2.36
- Slippage, 4 orders
- −$29.23
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.87
- Costs to cover
- 0.452%
- Break-even
- 14.3 days
Slippage from Deribit: live order book, 6 min ago; Hyperliquid: live order book, 10 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, 6 min ago | 3.72 bp | 13.0 bp −$13 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.65 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.2073 | −0.127% | $261 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.2080 | −0.066% | $198K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0053% | 1h | 1.2084 | −0.034% | $4.5M | $1.4M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | −0.563% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0011% | 8h | 1.2088 | 0.000% | $9.5M | $23.9M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.2078 | −0.085% | $145K | $6K | 10x | as long as short |
| Deribit DOT_USDC-PERPETUALlong | 0.0000% | 1h | 1.2088 | long leg | $221K | $117K | 50x | |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.2080 | −0.069% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.2090 | +0.017% | $6.8M | $8.7M | 75x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.2077 | −0.088% | $246K | $602K | 10x | as long as short |
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Lighter DOTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid DOTshort | +0.0100% | 1h | 1.2085 | −0.025% | $5.3M | $3.3M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.2075 | −0.111% | $876K | $683K | 50x | as long as short |
| Binance DOTUSDT | +0.0100% | 8h | 1.2090 | +0.018% | $44.7M | $81.4M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.2083 | −0.041% | $24.8M | $18.3M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.2070 | −0.149% | $6.9M | $11.6M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.2090 | +0.017% | $29.0M | $37.9M | 300x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.2077 | −0.091% | $23.2M | $14.4M | 75x | as long as short |
| BingX DOT-USDT | +0.0100% | 8h | 1.2074 | −0.116% | — | $28.5M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.2063 | −0.207% | $96K | $129K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.2042 | −0.381% | $548K | $63K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.2055 | −0.272% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.2060 | −0.232% | $233K | $456K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.2070 | −0.149% | $8K | $24K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.033% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.2092 | +0.033% | $249K | $219K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.2071 | −0.138% | $15K | $235K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.2046 | −0.347% | $2.3M | $778K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0305% / S −0.1025% | 1h | 1.2080 | −0.062% | $23K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0306% | 8h | 1.2100 | +0.099% | $2.2M | $2.1M | 50x | as long as short |
Aster DOTUSDT
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
Bitget DOTUSDT
BingX DOT-USDT
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT