Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.7% APRpaid last 24h −0.005%
Price spread now: Binance against ApeX Omni+0.158%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$250.250% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)−0.297%−$30 · spread now +0.158%, 7d avg +0.004%
=The price spread pays, funding is against you. Binance is 0.154% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.004%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.016% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni HYPEUSDT | 93.759 | 0.0100 | pay 0.0013% / 1h | 57m 20s | $393K | $1.0M | 50x |
| Short | Binance HYPEUSDT | 93.907 | 0.0067 | get 0.0033% / 4h | 57m 20s | $385.5M | $885.9M | 75x |
ApeX Omni HYPEUSDT
Binance HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against ApeX Omni. 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
- −$7.01
- Price spread: +0.158% → +0.004%
- $15.41
- Slippage, 4 orders
- −$4.98
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$16.58
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Binance: live order book, 2 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 ApeX Omni live order book, 2 min ago | 1.81 bp | 7.9 bp −$8 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 0.05 bp | 5.1 bp −$5 | 6.0 bp −$60 | 15.2 bp −$1,519 | 35.5 bp −$17.7K |
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 | −0.0504% | 1h | 93.735 | −0.026% | $198K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0486% | 1h | 93.638 | −0.129% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.768 | +0.010% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.840 | +0.086% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0002% | 1h | 93.800 | +0.044% | $701K | $903K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.912 | +0.163% | $128K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.882 | +0.131% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.922 | +0.174% | $28K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0014% | 4h | 93.908 | +0.159% | $176K | $526K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.882 | +0.131% | $324.7M | $280.7M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0020% | 4h | 93.888 | +0.138% | $8.9M | $35.8M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.805 | +0.049% | $215K | $1.2M | 10x | as long as short |
| Derive HYPE-PERP | +0.0063% | 1h | 93.839 | +0.086% | $16.4M | $6.9M | 10x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.884 | +0.133% | $44.3M | $57.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0066% | 4h | 93.898 | +0.148% | $90.7M | $80.3M | 100x | as long as short |
| Binance HYPEUSDTshort | +0.0067% | 4h | 93.907 | +0.158% | $385.5M | $885.9M | 75x | |
| Phemex HYPEUSDT | +0.0074% | 8h | 93.842 | +0.089% | $12.8M | $2.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 93.744 | −0.016% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.952 | +0.205% | $19.0M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.934 | +0.187% | $3.1M | $12.2M | 20x | as long as short |
| 01 Exchange HYPEUSD | +0.0096% | 1h | 93.900 | +0.150% | $91K | $355K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.847 | +0.094% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.852 | +0.099% | $399K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.845 | +0.092% | $341K | $169K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.830 | +0.076% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.844 | +0.091% | $5.9M | $44.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.868 | +0.116% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.895 | +0.145% | $114.9M | $314.5M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.852 | +0.099% | $47.2M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.901 | +0.151% | $227.6M | $102.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.893 | +0.143% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.922 | +0.174% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.552 | −0.220% | $30.9M | $51.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.616 | −0.152% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDTlong | +0.0100% | 1h | 93.759 | long leg | $393K | $1.0M | 50x | |
| StandX HYPE-USD | +0.0100% | 1h | 93.783 | +0.026% | $678K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.874 | +0.122% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.911 | +0.162% | $484K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.888 | +0.137% | $113K | $577K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.903 | +0.154% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.979 | +0.235% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.904 | +0.155% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.680 | −0.084% | $205K | $7K | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 93.750 | −0.010% | $30K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.882 | +0.131% | $18.6M | $42.0M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.972 | +0.227% | $1.9M | $5.1M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.870 | +0.118% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0221% | 4h | 94.082 | +0.345% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.885 | +0.135% | $77K | $142K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0266% | 4h | 93.898 | +0.148% | $17.0M | $12.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0272% | 1h | 93.995 | +0.252% | $7.4M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.894 | +0.144% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.877 | +0.126% | $1.4M | — | 100x | as long as short |
| Hyperliquid HYPE | +0.0504% | 1h | 93.911 | +0.162% | $2.04B | $667.3M | 10x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0577% | 1h | 94.020 | +0.278% | $21.0M | $29.0M | 50x | as long as short |
Aster HYPEUSDT
Phoenix HYPE
Derive HYPE-PERP
Gate HYPE_USDT
MEXC HYPE_USDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Hyperliquid HYPE
Kraken Futures PF_HYPEUSD