Funding you earn now, next payment 22:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.117%
Price spread now: Injective against Arcus−0.106%7-day average +0.219% · 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)+0.789%+$79 on $10k
+Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.106%, 7d avg +0.219%
=Funding pays, the price is against you. Injective is 0.325% cheaper against Arcus than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of +0.219%). If the spread goes back, that is −$32 on $10k: about 5.9 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.789% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HYPE-USD | 93.329 | 0.0100 | pay 0.0013% / 1h | 50m 14s | $1.2M | $4.0M | 10x |
| Short | Injective HYPE/USDC PERP | 93.230 | 0.0285 | get 0.0036% / 1h | 50m 14s | $30K | $231K | 12x |
Arcus HYPE-USD
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Arcus. 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
- $38.78
- Price spread: −0.106% → +0.219%
- −$32.49
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1.77
- Costs to cover
- 0.045%
- Break-even
- 6.7 days
Slippage unknown: Arcus: live order book, 4 min ago; Injective: live order book, 38 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 Arcus live order book, 4 min ago | 0.48 bp | 3.1 bp −$3 | 3.7 bp −$37 | 17.8 bp −$1,782 | doesn't fit |
| Sell Injective live order book, 38 min ago | 36.79 bp | doesn't fit | doesn't fit | 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 | −0.1280% | 1h | 93.248 | −0.086% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0188% | 1h | 93.210 | −0.128% | $700K | $949K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0136% | 1h | 93.337 | +0.009% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.395 | +0.071% | $89K | $344K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.301 | −0.030% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0034% | 1h | 93.332 | +0.003% | $113K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.407 | +0.084% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.446 | +0.125% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.373 | +0.047% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.398 | +0.074% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0006% | 4h | 93.348 | +0.020% | $8.9M | $36.3M | 300x | as long as short |
| Gate HYPE_USDT | +0.0008% | 4h | 93.352 | +0.025% | $44.1M | $56.2M | 75x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.309 | −0.022% | $16.4M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.343 | +0.015% | $325.4M | $288.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.368 | +0.042% | $215K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0076% | 4h | 93.370 | +0.044% | $180K | $536K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.405 | +0.081% | $18.5M | $59.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.375 | +0.049% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.388 | +0.063% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.370 | +0.044% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.394 | +0.069% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.407 | +0.084% | $2.03B | $668.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.379 | +0.054% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.370 | +0.044% | $386.1M | $890.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.354 | +0.027% | $114.7M | $316.3M | 50x | as long as short |
| Arcus HYPE-USDlong | +0.0100% | 1h | 93.329 | long leg | $1.2M | $4.0M | 10x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | +0.007% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.356 | +0.029% | $92.4M | $81.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.358 | +0.031% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.363 | +0.036% | $226.8M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.355 | +0.028% | — | $54.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.368 | +0.042% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.295 | −0.036% | $28.8M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.383 | +0.058% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.287 | −0.045% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.344 | +0.016% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.401 | +0.077% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.392 | +0.068% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.366 | +0.040% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.389 | +0.064% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.342 | +0.014% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.346 | +0.018% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.377 | +0.052% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.343 | +0.016% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.361 | +0.035% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.276 | −0.057% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.420 | +0.098% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.358 | +0.032% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0285% | 1h | 93.230 | −0.106% | $30K | $231K | 12x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.449 | +0.129% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.390 | +0.065% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.295 | −0.036% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0403% | 4h | 93.550 | +0.237% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.424 | +0.102% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.446 | +0.126% | $19.2M | $25.8M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD