Funding you earn now, next payment 22:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.018%
Price spread now: Orderly against Arcus+0.056%7-day average +0.030% · 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)+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.056%, 7d avg +0.030%
=The price spread pays, funding is against you. Orderly is 0.026% dearer against Arcus than usual: you sell high and buy low (spread +0.056% now, against its 7-day average of +0.030%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HYPE-USD | 93.428 | 0.0100 | pay 0.0013% / 1h | 37m 00s | $1.2M | $4.0M | 10x |
| Short | Orderly PERP_HYPE_USDC | 93.480 | 0.0071 | get 0.0035% / 4h | 2h 37m | $180K | $529K | 20x |
Arcus HYPE-USD
Orderly PERP_HYPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$6.1
- Price spread: +0.056% → +0.030%
- $2.61
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$13.99
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 2 min ago; Orderly: no order-book sample. 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, 2 min ago | 0.48 bp | 3.2 bp −$3 | 4.1 bp −$41 | 19.8 bp −$1,982 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | −0.1136% | 1h | 93.340 | −0.095% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0256% | 1h | 93.250 | −0.191% | $700K | $941K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0247% | 1h | 93.423 | −0.006% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.507 | +0.085% | $89K | $348K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.300 | −0.137% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0013% | 1h | 93.455 | +0.029% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | −0.0003% | 1h | 93.431 | +0.003% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.485 | +0.061% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.466 | +0.040% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.506 | +0.084% | $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
Derive HYPE-PERP
dYdX HYPE-USD
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 | +0.0008% | 4h | 93.458 | +0.032% | $8.9M | $35.9M | 300x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.474 | +0.049% | $44.1M | $56.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0035% | 8h | 93.435 | +0.007% | $325.6M | $287.4M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.527 | +0.106% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDCshort | +0.0071% | 4h | 93.480 | +0.056% | $180K | $529K | 20x | |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.481 | +0.057% | $56K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.521 | +0.100% | $18.5M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.504 | +0.081% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.479 | +0.054% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.470 | +0.045% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.465 | +0.040% | $6.0M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.531 | +0.110% | $2.04B | $667.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.468 | +0.043% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.426 | −0.002% | $385.3M | $888.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.418 | −0.011% | $114.8M | $315.3M | 50x | as long as short |
| Arcus HYPE-USDlong | +0.0100% | 1h | 93.428 | long leg | $1.2M | $4.0M | 10x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | −0.027% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.415 | −0.014% | $92.8M | $82.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.424 | −0.004% | $46.4M | $19.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.418 | −0.011% | $226.9M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.395 | −0.035% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.513 | +0.091% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.375 | −0.056% | $28.9M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.408 | −0.021% | $7.5M | $44.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | −0.050% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.372 | −0.060% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.465 | +0.040% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.489 | +0.065% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.505 | +0.082% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.510 | +0.088% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.470 | +0.045% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.466 | +0.041% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.379 | −0.053% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.486 | +0.062% | $398K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0109% | 8h | 93.538 | +0.118% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.336 | −0.098% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | −0.030% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.467 | +0.041% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0274% | 1h | 93.576 | +0.158% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.330 | −0.105% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0164% | 1h | 93.501 | +0.079% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.449 | +0.022% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0345% | 4h | 93.650 | +0.238% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.531 | +0.110% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.595 | +0.179% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
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
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD