Funding you earn now, next payment 04:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.049%
Price spread now: RISEx against Binance+0.097%7-day average −0.010% · 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−$10as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Funding, last 4 days (all we have)+0.131%+$13 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now +0.097%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and RISEx is 0.107% dearer against Binance than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.010%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.131% in total (about 13.5% 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 | Binance HYPEUSDT | 92.180 | 0.0075 | pay 0.0037% / 4h | 45m 16s | $369.5M | $897.8M | 75x |
| Short | RISEx HYPE/USDC | 92.270 | 0.0687 | get 0.0086% / 1h | 45m 16s | $3.1M | $6.4M | 20x |
Binance HYPEUSDT
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $128.5
- Price spread: +0.097% → −0.010%
- $10.72
- Slippage, 4 orders
- −$5.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $118.11
- Costs to cover
- 0.211%
- Break-even
- 0.6 days
Slippage from Binance: live order book, 14 min ago; RISEx: live order book, 4 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 Binance live order book, 14 min ago | 0.05 bp | 5.1 bp −$5 | 7.6 bp −$76 | 15.0 bp −$1,505 | 36.7 bp −$18.4K |
| Sell RISEx live order book, 4 min ago | 1.62 bp | 4.9 bp −$5 | 6.1 bp −$61 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.187 | +0.008% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0592% | 1h | 92.223 | +0.047% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0139% | 1h | 92.368 | +0.204% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0128% | 1h | 92.184 | +0.004% | $85K | $353K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.174 | −0.006% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0071% | 4h | 92.174 | −0.006% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0062% | 1h | 92.179 | 0.000% | $110K | $580K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0014% | 1h | 92.110 | −0.076% | $696K | $1.1M | 10x | as long as short |
| Aster HYPEUSDT | −0.0013% | 4h | 92.194 | +0.015% | $8.6M | $36.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.238 | +0.063% | $126K | $31K | 5x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
Aster HYPEUSDT
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 92.198 | +0.020% | $22K | $310K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.210 | +0.033% | $61K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.191 | +0.012% | — | $53.2M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.430 | +0.271% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0043% | 8h | 92.180 | 0.000% | $315.5M | $280.8M | 75x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 92.167 | −0.014% | $44.2M | $54.7M | 75x | as long as short |
| Derive HYPE-PERP | +0.0060% | 1h | 92.145 | −0.037% | $16.0M | $7.5M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0067% | 8h | 92.180 | 0.000% | $12.4M | $2.7M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0074% | 4h | 92.179 | −0.001% | $87.0M | $80.4M | 100x | as long as short |
| Binance HYPEUSDTlong | +0.0075% | 4h | 92.180 | long leg | $369.5M | $897.8M | 75x | |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 92.184 | +0.004% | $112.6M | $300.9M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0078% | 4h | 92.205 | +0.027% | $4.9M | $29.5M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.201 | +0.023% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 92.221 | +0.044% | $338K | $163K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0094% | 1h | 92.216 | +0.039% | $337K | $1.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.194 | +0.015% | $16.0M | $62.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.193 | +0.014% | $3.1M | $11.6M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 92.148 | −0.034% | $390K | $164K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.160 | −0.022% | $13K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.159 | −0.022% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.239 | +0.064% | $2.01B | $663.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.220 | +0.044% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | +0.673% | $202K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.212 | +0.035% | $45.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.184 | +0.004% | $223.6M | $98.2M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.195 | +0.016% | $7.2M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.158 | −0.024% | $28.3M | $57.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.327 | +0.160% | $7.5M | $45.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.215 | +0.038% | $662K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.248 | +0.074% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.214 | +0.037% | $474K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.235 | +0.060% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.176 | −0.004% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.348 | +0.182% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.154 | −0.028% | $18.1M | $43.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.170 | −0.011% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.220 | +0.044% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 92.252 | +0.078% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.191 | +0.012% | $78K | $140K | 15x | as long as short |
| Bluefin HYPE-PERP | +0.0297% | 1h | 92.147 | −0.036% | $78K | $168K | 20x | as long as short |
| BloFin HYPE-USDT | +0.0299% | 4h | 92.165 | −0.016% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0329% / S −0.0153% | 1h | 92.198 | +0.019% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0334% | 1h | 92.236 | +0.061% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0563% | 1h | 92.285 | +0.114% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDCshort | +0.0687% | 1h | 92.270 | +0.097% | $3.1M | $6.4M | 20x |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Derive HYPE-PERP
Phemex HYPEUSDT
MEXC HYPE_USDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Bluefin HYPE-PERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL