Funding you earn now, next payment 02:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.013%
Price spread now: Bulk against BingX−0.180%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$200.203% of the position
Funding, last 3 days (all we have)+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.180%, 7d avg +0.044%
=Funding pays, the price is against you. Bulk is 0.225% cheaper against BingX than usual: you would sell low and buy high (spread −0.180% now, against its 7-day average of +0.044%). If the spread goes back, that is −$22 on $10k: about 7.9 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HYPE-USDT | 93.516 | 0.0005 | pay 0.0003% / 4h | 2h 32m | — | $53.8M | — |
| Short | Bulk HYPE-USD | 93.348 | 0.0100 | get 0.0013% / 1h | 32m 40s | $203K | $10K | 10x |
BingX HYPE-USDT
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against BingX. 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
- $19.91
- Price spread: −0.180% → +0.044%
- −$22.46
- Slippage, 4 orders
- −$3.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$22.8
- Costs to cover
- 0.203%
- Break-even
- 15.0 days
Slippage from BingX: live order book, 11 min ago; Bulk: live order book, 36 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 BingX live order book, 11 min ago | 0.16 bp | 5.2 bp −$5 | 7.1 bp −$71 | 11.0 bp −$1,099 | 15.6 bp −$7,790 |
| Sell Bulk live order book, 36 min ago | 0.53 bp | 4.4 bp −$4 | 6.8 bp −$68 | 11.9 bp −$1,193 | 21.5 bp −$10.7K |
HYPE on 54 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 | −0.0904% | 1h | 93.476 | −0.042% | $196K | $231K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.522 | +0.006% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0167% | 1h | 93.383 | −0.142% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0093% | 1h | 93.560 | +0.047% | $698K | $988K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.559 | +0.046% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0077% | 8h | 93.417 | −0.106% | $12.7M | $2.7M | 50x | as long as short |
| Gate HYPE_USDT | −0.0070% | 4h | 93.536 | +0.021% | $44.4M | $54.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0068% | 1h | 93.397 | −0.127% | $7.8M | $10.4M | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.429 | −0.093% | $85K | $353K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 93.410 | −0.113% | $156K | $652K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Gate HYPE_USDT
Backpack HYPE_USDC_PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDCShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0024% | 4h | 93.529 | +0.014% | $8.9M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.622 | +0.113% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.410 | −0.114% | $22K | $331K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.440 | −0.082% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.594 | +0.083% | $321.5M | $285.1M | 75x | as long as short |
| BingX HYPE-USDTlong | +0.0005% | 4h | 93.516 | long leg | — | $53.8M | — | |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.633 | +0.125% | $88.1M | $82.7M | 100x | as long as short |
| Binance HYPEUSDT | +0.0054% | 4h | 93.576 | +0.065% | $380.7M | $905.6M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.458 | −0.062% | $5.1M | $30.0M | 30x | as long as short |
| Bullet HYPE-USD | +0.0059% | 1h | 93.438 | −0.083% | $112K | $578K | 20x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.170 | −0.370% | $210K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0065% | 8h | 93.634 | +0.126% | $115.1M | $315.1M | 50x | as long as short |
| Derive HYPE-PERP | +0.0076% | 1h | 93.401 | −0.123% | $16.2M | $7.7M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.646 | +0.139% | $340K | $165K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.624 | +0.116% | $16.4M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.572 | +0.060% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.385 | −0.140% | $66K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.435 | −0.087% | $397K | $177K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | −0.178% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.379 | −0.146% | $5.7M | $45.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.648 | +0.142% | $2.04B | $670.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.619 | +0.110% | $10.1M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.628 | +0.120% | $46.1M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.642 | +0.135% | $226.6M | $100.3M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.411 | −0.113% | $31.0M | $54.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.516 | 0.000% | $7.5M | $48.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.468 | −0.051% | $338K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.511 | −0.005% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.501 | −0.017% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.438 | −0.083% | $468K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.428 | −0.094% | $79K | $173K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.499 | −0.018% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.432 | −0.090% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.348 | −0.180% | $203K | $10K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.510 | −0.006% | $18.4M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.440 | −0.081% | $4.9M | $5.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.490 | −0.028% | $30K | $339K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.442 | −0.079% | $2.7M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0218% | 4h | 93.571 | +0.059% | $1.4M | $6.2M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.408 | −0.116% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0266% | 8h | 93.577 | +0.065% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.449 | −0.072% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0445% | 1h | 93.531 | +0.016% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.528 | +0.012% | $20.9M | $30.1M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Bullet HYPE-USD
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD