Funding you earn now, next payment 20:36 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.013%
Price spread now: Perpl against Binance−0.030%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)+0.655%+$65 · spread now −0.030%, 7d avg +0.008%
=Together, before fees+0.522%+ Points / potential airdropPerpl: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance HYPEUSDT | 93.280 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $386.1M | $891.9M | 75x |
| Short | Perpl HYPE | 93.252 | 0 | get 0.0000% / 43m | 0m 05s | $24K | $343K | 10x |
Binance HYPEUSDT
Perpl HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Perpl against Binance. 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
- −$21
- Price spread: −0.030% → +0.008%
- −$3.82
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Net
- −$48.62
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Perpl: 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 Binance live order book, 3 min ago | 0.05 bp | 5.1 bp −$5 | 6.1 bp −$61 | 15.6 bp −$1,559 | doesn't fit |
| Sell Perpl no order-book sample | — | — | — | — | — |
Perpl: 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 | −0.1360% | 1h | 93.304 | +0.026% | $197K | $239K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0119% | 1h | 93.260 | −0.021% | $699K | $952K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.253 | −0.029% | $89K | $340K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0084% | 1h | 93.353 | +0.079% | $22K | $22K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.294 | +0.015% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0002% | 4h | 93.293 | +0.014% | $44.1M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.341 | +0.065% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.387 | +0.115% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPEshort | 0.0000% | 43m | 93.252 | −0.030% | $24K | $343K | 10x | |
| Aster HYPEUSDT | +0.0002% | 4h | 93.288 | +0.009% | $8.9M | $36.5M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Aster HYPEUSDTShow 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 | 93.320 | +0.043% | $20K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.252 | −0.030% | $56K | $1.2M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.260 | −0.021% | $325.1M | $288.4M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.253 | −0.029% | $16.4M | $7.1M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.304 | +0.026% | $180K | $536K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.444 | +0.176% | $216K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.360 | +0.086% | $18.5M | $58.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.318 | +0.041% | $3.1M | $12.3M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | +0.022% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.300 | +0.022% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.350 | +0.075% | $2.03B | $674.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.327 | +0.051% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDTlong | +0.0100% | 4h | 93.280 | long leg | $386.1M | $891.9M | 75x | |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.272 | −0.008% | $114.6M | $316.0M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.246 | −0.036% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.114% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.291 | +0.012% | $91.9M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.311 | +0.033% | $46.2M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.303 | +0.025% | $226.7M | $102.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.282 | +0.002% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.321 | +0.044% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.466 | +0.200% | $28.9M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.403 | +0.132% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.402 | +0.131% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.361 | +0.087% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.317 | +0.040% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.304 | +0.026% | $493K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.282 | +0.002% | $112K | $583K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.306 | +0.028% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.263 | −0.018% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.314 | +0.037% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.348 | +0.073% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.327 | +0.050% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.297 | +0.019% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.324 | +0.048% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.382 | +0.110% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.380 | +0.107% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.284 | +0.005% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.220 | −0.064% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.315 | +0.037% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.309 | +0.031% | $17.2M | $12.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 93.406 | +0.135% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0425% | 4h | 93.442 | +0.174% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.319 | +0.041% | $2.7M | $6.9M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.449 | +0.181% | $18.7M | $24.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDT
Bybit HYPEUSDT
Derive HYPE-PERP
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
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
Bullet 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
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD