Funding you earn now, next payment 22:00 UTC−0.1117%/8h= −122.3% APRnext payment −$1.40 per $10,000 · paid last 24h −0.191%
Price spread now: Deribit against Hyperliquid+0.025%50s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.790%−$79 on $10k
+Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.025%, 7d avg +0.048%
=Together, before fees−0.999%+ Points / potential airdropHyperliquid: Season 2 · farm board−$100 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and Deribit is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.048%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DOT | 1.1818 | 0.0100 | pay 0.0013% / 1h | 44m 28s | $5.2M | $3.1M | 10x |
| Short | Deribit DOT_USDC-PERPETUAL | 1.1821 | −0.1017 | pay 0.0127% / 1h | 44m 28s | $216K | $118K | 50x |
Hyperliquid DOT
Deribit DOT_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
- −$234.57
- Price spread: +0.025% → +0.048%
- −$2.27
- Slippage, 4 orders
- −$24.65
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$277.49
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Deribit: live order book, 44 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 Hyperliquid live order book, 7 min ago | 1.27 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 44 min ago | 7.57 bp | 11.9 bp −$12 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUALshort | −0.1017% | 1h | 1.1821 | +0.025% | $216K | $118K | 50x | |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1806 | −0.099% | $255 | — | — | as long as short |
| Kraken Futures PF_DOTUSD | −0.0130% | 1h | 1.1817 | −0.012% | $4.4M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0080% | 1h | 1.1820 | +0.017% | $323 | $83K | 12x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0064% | 1h | 1.1790 | −0.237% | $189K | $1.8M | 50x | as long as short |
| OKX DOT-USDT-SWAP | −0.0044% | 8h | 1.1809 | −0.076% | $9.3M | $22.8M | 50x | as long as short |
| Backpack DOT_USDC_PERP | −0.0010% | 1h | 1.1807 | −0.093% | $94K | $120K | 10x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1813 | −0.045% | $142K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1816 | −0.014% | $3K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0038% | 8h | 1.1807 | −0.093% | $6.7M | $8.6M | 75x | as long as short |
Reya DOTRUSDPERP
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
Coinbase International DOT-PERP-INTX
OKX DOT-USDT-SWAP
Backpack DOT_USDC_PERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DOT_USDT | +0.0087% | 8h | 1.1810 | −0.068% | $31.7M | $34.0M | 300x | as long as short |
| Binance DOTUSDT | +0.0087% | 8h | 1.1809 | −0.073% | $43.7M | $79.7M | 75x | as long as short |
| Extended DOT-USD | +0.0088% | 1h | 1.1800 | −0.151% | $15K | $240K | 25x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1799 | −0.161% | $258K | $563K | 10x | as long as short |
| Hyperliquid DOTlong | +0.0100% | 1h | 1.1818 | long leg | $5.2M | $3.1M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.1807 | −0.097% | $884K | $647K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1804 | −0.118% | $24.2M | $17.6M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1800 | −0.152% | $6.8M | $11.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1810 | −0.068% | $22.7M | $13.4M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1809 | −0.076% | — | $1.3M | — | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1795 | −0.198% | $537K | $91K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1808 | −0.085% | $34K | $333K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1808 | −0.084% | $229K | $478K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1810 | −0.068% | $8K | $27K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1826 | +0.068% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1812 | −0.051% | $245K | $206K | 75x | as long as short |
| BloFin DOT-USDT | +0.0207% | 8h | 1.1814 | −0.034% | $2.3M | $752K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0300% / S −0.1014% | 1h | 1.1814 | −0.036% | $22K | — | 100x | as long as short |
| Phemex DOTUSDT | +0.0403% | 8h | 1.1830 | +0.102% | $2.2M | $2.1M | 50x | as long as short |
MEXC DOT_USDT
Binance DOTUSDT
Extended DOT-USD
Lighter DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
GMX DOT/USD [WBTC.b-USDC]
Phemex DOTUSDT