Funding you earn now, next payment 02:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h +0.019%
Price spread now: Backpack against Aftermath Perps+0.092%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—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.092% dearer against Aftermath Perps than usual: you sell high and buy low: +$9 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 | Aftermath Perps HYPEUSD | 93.279 | −0.0206 | get 0.0026% / 1h | 51m 06s | $22K | $21K | 10x |
| Short | Backpack HYPE_USDC_PERP | 93.365 | −0.0173 | pay 0.0022% / 1h | 51m 06s | $7.8M | $10.6M | 20x |
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aftermath Perps. 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
- $7.07
- Price spread: +0.092% → 0.000%
- $9.17
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$2.76
- Costs to cover
- 0.190%
- Break-even
- 9.7 days
Slippage unknown: Aftermath Perps: no order-book sample; Backpack: live order book, 3 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 Aftermath Perps no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 3 min ago | 0.05 bp | 8.7 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
Aftermath Perps: 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.
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 | −0.1072% | 1h | 93.160 | −0.128% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.162 | −0.126% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSDlong | −0.0206% | 1h | 93.279 | long leg | $22K | $21K | 10x | |
| Backpack HYPE_USDC_PERPshort | −0.0173% | 1h | 93.365 | +0.092% | $7.8M | $10.6M | 20x | |
| Ondo Perps HYPE-USD.P | −0.0136% | 1h | 93.220 | −0.064% | $699K | $973K | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0108% | 1h | 93.152 | −0.137% | $337K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | −0.0082% | 4h | 93.385 | +0.113% | $44.2M | $53.7M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.297 | +0.019% | $85K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.282 | +0.003% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.300 | +0.022% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
ApeX Omni HYPEUSDT
Gate HYPE_USDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0030% | 4h | 93.358 | +0.084% | $8.9M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.286 | +0.007% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.313 | +0.036% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.341 | +0.066% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0014% | 4h | 93.385 | +0.113% | — | $54.2M | — | as long as short |
| Phemex HYPEUSDT | +0.0025% | 8h | 93.369 | +0.096% | $12.7M | $2.7M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 93.384 | +0.112% | $319.6M | $282.6M | 75x | as long as short |
| Bluefin HYPE-PERP | +0.0031% | 1h | 93.305 | +0.027% | $79K | $173K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0036% | 4h | 93.387 | +0.115% | $87.7M | $81.7M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0038% | 4h | 93.103 | −0.189% | $5.0M | $29.8M | 30x | as long as short |
| Binance HYPEUSDT | +0.0039% | 4h | 93.408 | +0.137% | $379.9M | $904.1M | 75x | as long as short |
| Derive HYPE-PERP | +0.0053% | 1h | 93.295 | +0.017% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.096% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0067% | 8h | 93.405 | +0.135% | $115.3M | $315.5M | 50x | as long as short |
| Bullet HYPE-USD | +0.0068% | 1h | 93.318 | +0.041% | $111K | $578K | 20x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.335 | +0.059% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.403 | +0.132% | $16.5M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.392 | +0.121% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.315 | +0.038% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.313 | +0.036% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | −0.021% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.280 | +0.001% | $6.5M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.453 | +0.186% | $2.04B | $672.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.306 | +0.029% | $10.0M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.366 | +0.093% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.397 | +0.126% | $226.0M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | +0.001% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | −0.116% | $7.5M | $46.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.159 | −0.129% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.322 | +0.045% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.322 | +0.046% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.422 | +0.153% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.373 | +0.100% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.250 | −0.032% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.317 | +0.040% | $18.3M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.390 | +0.119% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.170 | −0.117% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0158% | 4h | 93.376 | +0.104% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.346 | +0.071% | $2.7M | $6.8M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.289 | +0.010% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0254% | 8h | 93.375 | +0.102% | $1.9M | $5.2M | 2.3x | as long as short |
| HTX HYPE-USDT | +0.0274% | 4h | 93.500 | +0.236% | $1.5M | $6.1M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.337 | +0.062% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0650% | 1h | 93.473 | +0.208% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.469 | +0.203% | $20.9M | $29.9M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phemex HYPEUSDT
Bybit HYPEUSDT
Bluefin HYPE-PERP
MEXC HYPE_USDT
edgeX HYPEUSDC
Binance HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD