Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.024%
Price spread now: Hyperliquid against Deribit+0.055%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.055% dearer against Deribit than usual: you sell high and buy low: +$6 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 PYTH_USDC-PERPETUAL | 0.06363 | 0 | get 0.0000% / 1h | 49m 43s | $10K | $10K | 10x |
| Short | Hyperliquid PYTH | 0.06366 | 0.0100 | get 0.0013% / 1h | 49m 43s | $1.7M | $1.4M | 5x |
Deribit PYTH_USDC-PERPETUAL
Hyperliquid PYTHFunding 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: +0.055% → 0.000%
- $5.5
- 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
- $10.5
- Costs to cover
- 0.160%
- Break-even
- 3.5 days
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 1 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, 1 min ago | 1.26 bp | 17.7 bp −$18 | 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.
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective PYTH/USDC PERP | −0.0586% | 1h | 0.06350 | −0.204% | $561 | $180K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0215% | 1h | 0.06358 | −0.084% | $385K | $240K | 25x | as long as short |
| Gate PYTH_USDT | −0.0104% | 4h | 0.06350 | −0.204% | $1.1M | $463K | 75x | as long as short |
| MEXC PYTH_USDT | −0.0014% | 4h | 0.06359 | −0.063% | $9.4M | $2.4M | 125x | as long as short |
| Binance PYTHUSDT | −0.0013% | 4h | 0.06357 | −0.087% | $9.0M | $15.9M | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06362 | −0.016% | $189K | $19 | 5x | as long as short |
| Deribit PYTH_USDC-PERPETUALlong | 0.0000% | 1h | 0.06363 | long leg | $10K | $10K | 10x | |
| BloFin PYTH-USDT | +0.0043% | 4h | 0.06351 | −0.189% | $420K | $122K | 75x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.069% | $40K | $9K | 25x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06363 | +0.002% | $23K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Gate PYTH_USDT
MEXC PYTH_USDT
Binance PYTHUSDT
dYdX PYTH-USD
BloFin PYTH-USDT
Coinbase International PYTH-PERP-INTX
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter PYTH | +0.0096% | 1h | 0.06364 | +0.016% | $197K | $203K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0098% | 8h | 0.06356 | −0.115% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06366 | +0.055% | $1.7M | $1.4M | 5x | |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06360 | −0.046% | $20K | $26K | 10x | as long as short |
| Bybit PYTHUSDT | +0.0100% | 4h | 0.06358 | −0.079% | $7.5M | $5.0M | 50x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06357 | −0.094% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06359 | −0.063% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06359 | −0.063% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06355 | −0.126% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06350 | −0.212% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06359 | −0.066% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06355 | −0.127% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0462% | 1h | 0.06363 | +0.006% | $38K | $88K | 10x | as long as short |
Lighter PYTH
Paradex PYTH-USD-PERP
Aster PYTHUSDT
Bybit PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP