Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.026%
Price spread now: Hyperliquid against Deribit+0.028%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 3 days (all we have)+0.011%+$1 · spread now +0.028%, 7d avg +0.032%
=Together, before fees+0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HBAR_USDC-PERPETUAL | 0.09357 | 0 | get 0.0000% / 1h | 8m 58s | $515K | $168K | 50x |
| Short | Hyperliquid HBAR | 0.09360 | 0.0100 | get 0.0013% / 1h | 8m 58s | $9.0M | $2.7M | 5x |
Deribit HBAR_USDC-PERPETUAL
Hyperliquid HBARFunding 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: +0.028% → +0.032%
- −$0.45
- Slippage, 4 orders
- −$24.7
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$20.15
- Costs to cover
- 0.407%
- Break-even
- 13.7 days
Slippage from Deribit: live order book, 65 min ago; Hyperliquid: live order book, 3 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, 65 min ago | 5.40 bp | 8.9 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.64 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0079% | 8h | 0.09347 | −0.107% | $7.4M | $7.5M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09358 | +0.008% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUALlong | 0.0000% | 1h | 0.09357 | long leg | $515K | $168K | 50x | |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09356 | −0.011% | $8K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09267 | −0.962% | $1K | $106K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0056% | 1h | 0.09352 | −0.053% | $228K | $2.3M | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0057% | 1h | 0.09354 | −0.028% | $1.4M | $2.4M | 50x | as long as short |
| Variational Omni HBAR | +0.0068% | 8h | 0.09340 | −0.182% | $1.0M | $191K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09351 | −0.064% | $2K | $17K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0077% | 8h | 0.09348 | −0.096% | $27.3M | $22.6M | 200x | as long as short |
KuCoin HBARUSDTM
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Kraken Futures PF_HBARUSD
Variational Omni HBAR
Orderly PERP_HBAR_USDC
MEXC HBAR_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0077% | 8h | 0.09343 | −0.149% | $35.1M | $106.1M | 75x | as long as short |
| Extended HBAR-USD | +0.0080% | 1h | 0.09344 | −0.138% | $53K | $277K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09347 | −0.107% | $572K | $553K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09360 | +0.028% | $9.0M | $2.7M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09354 | −0.028% | $213K | $358K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09343 | −0.150% | $33.3M | $35.5M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09341 | −0.171% | $6.9M | $25.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09348 | −0.096% | $2.4M | $3.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09342 | −0.160% | $17.3M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09344 | −0.139% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09352 | −0.053% | $35K | $108K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09370 | +0.144% | $376K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09340 | −0.182% | $149K | $728K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09348 | −0.096% | $434 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09373 | +0.171% | $74K | $60K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09346 | −0.118% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0197% | 8h | 0.09346 | −0.118% | $1.5M | $5.4M | 90x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0496% / S −0.0562% | 1h | 0.09355 | −0.019% | $118K | — | 100x | as long as short |
Binance HBARUSDT
Extended HBAR-USD
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
GMX HBAR/USD [WBTC.b-USDC]