Funding you earn now, next payment 05:00 UTC−0.0432%/8h= −47.3% APRnext payment −$0.54 per $10,000 · paid last 24h −0.175%
Price spread now: Deribit against Hyperliquid−0.213%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 against this trade now: funding costs −$13 a day on $10k at the current rate, and Deribit is 0.213% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.5162 | 0.0100 | pay 0.0013% / 1h | 1m 09s | $7.0M | $3.0M | 5x |
| Short | Deribit JTO_USDC-PERPETUAL | 0.5151 | −0.0332 | pay 0.0042% / 1h | 1m 09s | $13K | $10K | 10x |
Hyperliquid JTO
Deribit JTO_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
- −$90.73
- Price spread: −0.213% → 0.000%
- −$21.31
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$128.04
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Deribit: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 0.87 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.
JTO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate JTO_USDT | −0.0355% | 8h | 0.5151 | −0.213% | $891K | $1.0M | 75x | as long as short |
| Deribit JTO_USDC-PERPETUALshort | −0.0332% | 1h | 0.5151 | −0.213% | $13K | $10K | 10x | |
| Bybit JTOUSDT | −0.0155% | 4h | 0.5153 | −0.174% | $7.0M | $14.0M | 50x | as long as short |
| OKX JTO-USDT-SWAP | −0.0046% | 4h | 0.5150 | −0.232% | $3.9M | $9.4M | 50x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5156 | −0.115% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5540 | +7.314% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.661% | $31 | $43K | 5.5x | as long as short |
| Variational Omni JTO | +0.0094% | 4h | 0.5152 | −0.202% | $221K | $242K | — | as long as short |
| Paradex JTO-USD-PERP | +0.0096% | 8h | 0.5151 | −0.205% | $514 | — | 5x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5159 | −0.060% | $117K | $228K | 10x | as long as short |
Gate JTO_USDT
Bybit JTOUSDT
OKX JTO-USDT-SWAP
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Variational Omni JTO
Paradex JTO-USD-PERP
Lighter JTOShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid JTOlong | +0.0100% | 1h | 0.5162 | long leg | $7.0M | $3.0M | 5x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5154 | −0.158% | $123K | $219K | 10x | as long as short |
| Binance JTOUSDT | +0.0100% | 4h | 0.5150 | −0.232% | $11.2M | $27.5M | 75x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5143 | −0.361% | $56K | $9K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5151 | −0.213% | $6.1M | $3.5M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5153 | −0.180% | $1.5M | $604K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5157 | −0.097% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5150 | −0.232% | — | $27.5M | — | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0100% | 4h | 0.5151 | −0.213% | $4K | $652 | 10x | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5149 | −0.257% | $525K | $2.2M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5153 | −0.165% | $2K | — | 50x | as long as short |
| Phoenix JTO | +0.0310% | 1h | 0.5157 | −0.097% | $381K | $114K | 5x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5146 | −0.310% | $612K | $520K | 75x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0379% | 1h | 0.5155 | −0.131% | $333K | $313K | 25x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0440% | 1h | 0.5163 | +0.019% | $58K | $137K | 25x | as long as short |
| Backpack JTO_USDC_PERP | +0.0640% | 1h | 0.5160 | −0.035% | $268K | $311K | 10x | as long as short |
Aster JTOUSDT
Binance JTOUSDT
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Orderly PERP_JTO_USDC_mythos
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
Phoenix JTO
BloFin JTO-USDT
Kraken Futures PF_JTOUSD
Coinbase International JTO-PERP-INTX
Backpack JTO_USDC_PERP