Funding you earn now, next payment 04:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h +0.169%
Price spread now: Hyperliquid against Deribit+0.041%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 +$17 a day on $10k at the current rate, and Hyperliquid is 0.041% dearer against Deribit than usual: you sell high and buy low: +$4 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 ETHFI_USDC-PERPETUAL | 0.7036 | −0.0460 | get 0.0058% / 1h | 50m 15s | $40K | $12K | 10x |
| Short | Hyperliquid ETHFI | 0.7039 | 0.0100 | get 0.0013% / 1h | 50m 15s | $17.5M | $7.9M | 5x |
Deribit ETHFI_USDC-PERPETUAL
Hyperliquid ETHFIFunding 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
- $117.63
- Price spread: +0.041% → 0.000%
- $4.12
- 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
- $105.75
- Costs to cover
- 0.160%
- Break-even
- 0.7 days
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 0.07 bp | 16.6 bp −$17 | 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.
ETHFI on 24 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 ETHFI_USDC-PERPETUALlong | −0.0460% | 1h | 0.7036 | long leg | $40K | $12K | 10x | |
| Orderly PERP_ETHFI_USDC | −0.0209% | 4h | 0.7032 | −0.057% | $16K | $1K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0116% | 4h | 0.7031 | −0.071% | $87K | $168K | 20x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.899% | $321 | $51K | 5.5x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.0044% | 1h | 0.7041 | +0.064% | $263K | $213K | 20x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0067% | 8h | 0.7037 | +0.013% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7042 | +0.084% | $1.1M | $878K | 5x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7039 | +0.041% | $17.5M | $7.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7042 | +0.081% | $180K | $258K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0100% | 4h | 0.7031 | −0.070% | $24.5M | $35.5M | 75x | as long as short |
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Injective ETHFI/USDC PERP
Kraken Futures PF_ETHFIUSD
Paradex ETHFI-USD-PERP
Lighter ETHFI
Aster ETHFIUSDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7035 | −0.014% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7038 | +0.028% | $4.9M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7039 | +0.043% | $1.7M | $1.9M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0100% | 4h | 0.7030 | −0.085% | $15.7M | $4.0M | 125x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7033 | −0.043% | $1.2M | $242K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7034 | −0.028% | $6.1M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7039 | +0.043% | — | $1.2M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7039 | +0.046% | $1.0M | $699K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7052 | +0.223% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7040 | +0.057% | $1K | $1.1M | 20x | as long as short |
| Extended ETHFI-USD | +0.0104% | 1h | 0.7033 | −0.041% | $96K | $378K | 10x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7030 | −0.085% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0340% | 4h | 0.7039 | +0.043% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0624% | 1h | 0.7074 | +0.540% | $31K | $6K | 50x | as long as short |
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
MEXC ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Extended ETHFI-USD
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX