Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.062%
Price spread now: Deribit against Hyperliquid−0.164%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.164% cheaper against Hyperliquid than usual: you would sell low and buy high (−$16 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 TIA | 0.4380 | 0.0100 | pay 0.0013% / 1h | 56m 05s | $4.5M | $1.6M | 5x |
| Short | Deribit TIA_USDC-PERPETUAL | 0.4373 | 0 | get 0.0000% / 1h | 56m 05s | $30K | $27K | 25x |
Hyperliquid TIA
Deribit TIA_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
- −$21
- Price spread: −0.164% → 0.000%
- −$16.44
- 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
- −$53.44
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 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, 6 min ago | 1.59 bp | 17.8 bp −$18 | 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.
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0381% | 4h | 0.4371 | −0.210% | $9.6M | $13.1M | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0210% | 4h | 0.4371 | −0.210% | $2.8M | $6.1M | 50x | as long as short |
| Kraken Futures PF_TIAUSD | −0.0153% | 1h | 0.4375 | −0.120% | $360K | $247K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0054% | 4h | 0.4370 | −0.233% | $4.2M | $8.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUALshort | 0.0000% | 1h | 0.4373 | −0.164% | $30K | $27K | 25x | |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4374 | −0.136% | $1K | — | 150x | as long as short |
| Backpack TIA_USDC_PERP | +0.0035% | 1h | 0.4374 | −0.146% | $104K | $154K | 10x | as long as short |
| ApeX Omni TIAUSDT | +0.0072% | 1h | 0.4384 | +0.087% | $49K | $234K | 50x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4379 | −0.032% | $139K | $359K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4372 | −0.187% | $5K | $364K | 10x | as long as short |
Bybit TIAUSDT
OKX TIA-USDT-SWAP
Kraken Futures PF_TIAUSD
KuCoin TIAUSDTM
gTrade (Gains Network) TIA/USD
Backpack TIA_USDC_PERP
ApeX Omni TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4380 | long leg | $4.5M | $1.6M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4371 | −0.211% | $34K | $268K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4374 | −0.142% | $14.6M | $41.9M | 75x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4373 | −0.164% | $982K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4374 | −0.142% | $13.3M | $6.7M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4372 | −0.187% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4371 | −0.210% | — | $99.1M | — | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4372 | −0.189% | $102K | $84K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4372 | −0.187% | $58K | $68K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4369 | −0.252% | $56K | $169K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4376 | −0.086% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0117% | 1h | 0.4381 | +0.018% | $27K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4367 | −0.291% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0256% | 1h | 0.4389 | +0.201% | $51K | $77K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4370 | −0.233% | $1.2M | $577K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0460% / S −0.3505% | 1h | 0.4373 | −0.153% | $36K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0546% | 1h | 0.4375 | −0.119% | $52K | $59 | 10x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD