Funding you earn now, next payment 03:00 UTC+0.0406%/8h= +44.4% APRnext payment +$0.51 per $10,000 · paid last 24h +0.034%
Price spread now: RISEx against Aevo+0.166%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$400.395% of the position
Funding, last 4 days (all we have)+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.166%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and RISEx is 0.150% dearer against Aevo than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.016%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.113% in total (about 11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo HYPE-PERP | 93.268 | 0.0104 | pay 0.0013% / 1h | 37m 42s | $397K | $162K | 20x |
| Short | RISEx HYPE/USDC | 93.423 | 0.0510 | get 0.0064% / 1h | 37m 42s | $3.2M | $6.4M | 20x |
Aevo HYPE-PERP
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Aevo. 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
- $85.24
- Price spread: +0.166% → +0.016%
- $15.01
- Slippage, 4 orders
- −$17.51
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $60.73
- Costs to cover
- 0.395%
- Break-even
- 2.0 days
Slippage from Aevo: live order book, 26 min ago; RISEx: live order book, 1 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 Aevo live order book, 26 min ago | 3.81 bp | 15.6 bp −$16 | 17.5 bp −$175 | 19.9 bp −$1,986 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 1.82 bp | 4.8 bp −$5 | 7.4 bp −$74 | doesn't fit | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1272% | 1h | 93.214 | −0.058% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.198 | −0.075% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0091% | 1h | 93.220 | −0.052% | $700K | $981K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.335 | +0.072% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0063% | 8h | 93.262 | −0.007% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.272 | +0.004% | $85K | $345K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0047% | 1h | 93.391 | +0.132% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.258 | −0.011% | $155K | $633K | 20x | as long as short |
| Bullet HYPE-USD | −0.0005% | 1h | 93.259 | −0.010% | $111K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | +0.099% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.352 | +0.090% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.306 | +0.040% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0016% | 4h | 93.304 | +0.038% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | +0.139% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.305 | +0.040% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.288 | +0.021% | $321.1M | $277.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0052% | 4h | 93.337 | +0.074% | $44.5M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.305 | +0.040% | $114.1M | $301.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.322 | +0.057% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.311 | +0.046% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.300 | +0.034% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.294 | +0.028% | $89.7M | $80.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0096% | 4h | 93.279 | +0.012% | $378.6M | $876.7M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.336 | +0.073% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.330 | +0.066% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.352 | +0.089% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.383 | +0.123% | $2.04B | $653.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.343 | +0.080% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.334% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.308 | +0.043% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.323 | +0.059% | $225.7M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.246 | −0.024% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | +0.052% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.305% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.235% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.323 | +0.059% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.334 | +0.070% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.312 | +0.047% | $471K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.251 | +1.054% | $80K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.270 | +0.002% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.331 | +0.067% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.279 | +0.012% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.313 | +0.048% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERPlong | +0.0104% | 1h | 93.268 | long leg | $397K | $162K | 20x | |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | +0.087% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.360 | +0.099% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0195% | 4h | 93.490 | +0.238% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.256 | −0.013% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0277% | 8h | 93.353 | +0.091% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0286% | 1h | 93.371 | +0.110% | $7.4M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.303 | +0.038% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.271 | +0.003% | $16.9M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDCshort | +0.0510% | 1h | 93.423 | +0.166% | $3.2M | $6.4M | 20x | |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.052% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.351 | +0.088% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD