Funding you earn now, next payment 23:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.057%
Price spread now: Paradex against Arcus+0.005%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 3 days (all we have)+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.005%, 7d avg +0.049%
=Together, before fees−0.031%+ Points / potential airdropParadex: Active · farm board−$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.044% cheaper against Arcus than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.049%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.073% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.073% in total (about 8.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus HYPE-USD | 93.060 | −0.0131 | get 0.0016% / 1h | 35m 10s | $1.2M | $4.0M | 10x |
| Short | Paradex HYPE-USD-PERP | 93.065 | 0.0098 | get 0.0098% / 8h | 1h 35m | $338K | $170K | 20x |
Arcus HYPE-USD
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $48.14
- Price spread: +0.005% → +0.049%
- −$4.38
- Slippage, 4 orders
- −$35.39
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$0.13
- Costs to cover
- 0.439%
- Break-even
- 7.0 days
Slippage from Arcus: live order book, 4 min ago; Paradex: live order book, 49 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 Arcus live order book, 4 min ago | 0.70 bp | 3.4 bp −$3 | 5.4 bp −$54 | 23.3 bp −$2,333 | doesn't fit |
| Sell Paradex live order book, 49 min ago | 16.62 bp | 18.6 bp −$19 | 21.0 bp −$210 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0375% | 1h | 93.139 | +0.085% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0192% | 1h | 93.147 | +0.094% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USDlong | −0.0131% | 1h | 93.060 | long leg | $1.2M | $4.0M | 10x | |
| Ondo Perps HYPE-USD.P | −0.0107% | 1h | 93.070 | +0.011% | $698K | $923K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.118 | +0.062% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.101 | +0.044% | $90K | $362K | 20x | as long as short |
| Popdex HYPEUSDT | −0.0008% | 1h | 93.106 | +0.049% | $57K | $1.2M | 50x | as long as short |
| Aster HYPEUSDT | −0.0001% | 4h | 93.136 | +0.081% | $8.9M | $36.0M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.036 | −0.025% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.124 | +0.069% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Popdex HYPEUSDT
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.175 | +0.124% | $20K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0026% | 8h | 93.140 | +0.086% | $323.2M | $286.9M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0031% | 4h | 93.136 | +0.082% | $172K | $520K | 20x | as long as short |
| Bullet HYPE-USD | +0.0031% | 1h | 93.119 | +0.064% | $111K | $579K | 20x | as long as short |
| Derive HYPE-PERP | +0.0031% | 1h | 93.113 | +0.056% | $16.3M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.106 | +0.049% | $214K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 93.149 | +0.096% | $43.9M | $58.0M | 75x | as long as short |
| Binance HYPEUSDT | +0.0083% | 4h | 93.132 | +0.077% | $382.9M | $893.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0088% | 4h | 93.151 | +0.098% | $89.9M | $81.8M | 100x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.199 | +0.149% | $18.5M | $58.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.173 | +0.121% | $3.1M | $12.1M | 20x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0098% | 8h | 93.065 | +0.005% | $338K | $170K | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.140 | +0.086% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.106 | +0.049% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.167 | +0.115% | $2.02B | $670.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.111 | +0.055% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.133 | +0.078% | $113.8M | $313.7M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.390 | +0.355% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.160 | +0.107% | $47.2M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.155 | +0.102% | $225.8M | $102.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.147 | +0.093% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.173 | +0.121% | $7.8M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.034 | −0.028% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.137 | +0.083% | $7.5M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.246 | +0.200% | $412K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.047 | −0.014% | $673K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.145 | +0.091% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.147 | +0.093% | $492K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.162 | +0.110% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.174 | +0.123% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.135 | +0.081% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.160 | +0.107% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.125 | +0.070% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.134 | +0.079% | $396K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 93.240 | +0.193% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0110% | 4h | 93.120 | +0.064% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.150 | +0.097% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 92.970 | −0.097% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.141 | +0.087% | $78K | $158K | 15x | as long as short |
| HTX HYPE-USDT | +0.0256% | 4h | 93.300 | +0.258% | $1.5M | $7.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.159 | +0.107% | $2.8M | $6.8M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0323% | 4h | 93.167 | +0.115% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0158% | 1h | 93.168 | +0.116% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0437% | 1h | 93.252 | +0.206% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0466% | 1h | 93.257 | +0.212% | $20.8M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Derive HYPE-PERP
Phoenix HYPE
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
HTX HYPE-USDT
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD