Funding you earn now, next payment 02:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h +0.007%
Price spread now: Phemex against Aftermath Perps−0.224%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—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.224% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$22 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 | Aftermath Perps HYPEUSD | 93.519 | −0.0037 | get 0.0005% / 1h | 6m 12s | $22K | $21K | 10x |
| Short | Phemex HYPEUSDT | 93.309 | −0.0084 | pay 0.0084% / 8h | 6h 06m | $12.6M | $2.7M | 50x |
Aftermath Perps HYPEUSD
Phemex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$9.91
- Price spread: −0.224% → 0.000%
- −$22.44
- Slippage, 4 orders
- no order book: not counted
- Fee Aftermath Perps: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$53.36
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Aftermath Perps: no order-book sample; Phemex: 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 Phemex live order book, 3 min ago | 4.40 bp | 22.1 bp −$22 | 32.2 bp −$322 | 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 54 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 | −0.1112% | 1h | 93.252 | −0.285% | $196K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.271 | −0.265% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDTshort | −0.0084% | 8h | 93.309 | −0.224% | $12.6M | $2.7M | 50x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.329 | −0.203% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0070% | 1h | 93.300 | −0.234% | $699K | $905K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0054% | 4h | 93.358 | −0.172% | $156K | $645K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.411 | −0.115% | $85K | $347K | 20x | as long as short |
| Aftermath Perps HYPEUSDlong | −0.0037% | 1h | 93.519 | long leg | $22K | $21K | 10x | |
| Aster HYPEUSDT | −0.0009% | 4h | 93.381 | −0.147% | $8.8M | $35.7M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.303 | −0.230% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aster HYPEUSDT
dYdX HYPE-USDShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | 0.0000% | 4h | 93.376 | −0.153% | $44.3M | $55.4M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.395 | −0.132% | $22K | $323K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | 0.0000% | 1h | 93.301 | −0.233% | $7.4M | $10.4M | 20x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.400 | −0.127% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.392 | −0.136% | — | $53.4M | — | as long as short |
| Bybit HYPEUSDT | +0.0012% | 8h | 93.293 | −0.242% | $320.1M | $277.1M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.484 | −0.037% | $210K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0066% | 1h | 93.394 | −0.134% | $111K | $577K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0070% | 4h | 93.332 | −0.200% | $88.1M | $83.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0072% | 4h | 93.364 | −0.165% | $380.1M | $881.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.310 | −0.223% | $114.7M | $303.0M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 93.375 | −0.154% | $5.0M | $29.9M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.406 | −0.121% | $16.3M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.399 | −0.128% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.400 | −0.127% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.373 | −0.156% | $397K | $172K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.415 | −0.111% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.390 | −0.138% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.376 | −0.152% | $5.7M | $43.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.489 | −0.032% | $2.04B | $657.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.384 | −0.144% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.760 | +0.258% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.392 | −0.136% | $46.2M | $18.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.391 | −0.137% | $226.1M | $97.2M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.519 | 0.000% | $31.1M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.391 | −0.136% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.374 | −0.155% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.362 | −0.168% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.428 | −0.097% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.418 | −0.108% | $475K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.357 | −0.173% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.358 | −0.173% | $16.2M | $7.7M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.486 | −0.035% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.385 | −0.143% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.363 | −0.167% | $18.3M | $43.7M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.460 | −0.063% | $4.9M | $5.4M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 94.180 | +0.707% | $31K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0187% | 4h | 93.568 | +0.053% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.491 | −0.030% | $3.2M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.398 | −0.130% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.371 | −0.158% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.403 | −0.124% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0446% | 1h | 93.480 | −0.042% | $7.4M | $4.4M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.446 | −0.078% | $20.8M | $29.8M | 50x | as long as short |
Gate HYPE_USDT
Perpl HYPE
Backpack HYPE_USDC_PERP
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD