Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.012%
Price spread now: Katana Perps against BingX+0.010%7-day average −0.038% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.054%+$5 on $10k
+Price spread, last 7 days−0.026%−$3 · spread now +0.010%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Katana Perps is 0.048% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX HYPE-USDT | 92.561 | 0.0036 | pay 0.0018% / 4h | 28m 04s | — | $53.4M | — |
| Short | Katana Perps HYPE-USD | 92.570 | 0.0099 | get 0.0099% / 8h | 4h 28m | $38K | $1.7M | 10x |
BingX HYPE-USDT
Katana Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- $13.25
- Price spread: +0.010% → −0.038%
- $4.8
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- $4.25
- Costs to cover
- 0.138%
- Break-even
- 4.8 days
Slippage unknown: BingX: live order book, 11 min ago; Katana Perps: 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 BingX live order book, 11 min ago | 0.11 bp | 5.1 bp −$5 | 6.4 bp −$64 | 11.4 bp −$1,136 | 15.7 bp −$7,850 |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.521 | −0.043% | $1.0M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0272% | 1h | 92.644 | +0.090% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0200% | 1h | 92.538 | −0.024% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.682 | +0.131% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0066% | 4h | 92.536 | −0.027% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 92.640 | +0.085% | $87K | $359K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.675 | +0.124% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.631 | +0.076% | $22K | $307K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.598 | +0.040% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0021% | 1h | 92.720 | +0.172% | $696K | $1.1M | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0027% | 8h | 92.600 | +0.042% | $12.5M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | +0.0028% | 1h | 92.612 | +0.055% | $110K | $578K | 20x | as long as short |
| Aster HYPEUSDT | +0.0034% | 4h | 92.602 | +0.044% | $8.7M | $36.3M | 300x | as long as short |
| BingX HYPE-USDTlong | +0.0036% | 4h | 92.561 | long leg | — | $53.4M | — | |
| Phoenix HYPE | +0.0043% | 1h | 92.278 | −0.306% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0053% | 8h | 92.570 | +0.010% | $316.2M | $281.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0082% | 4h | 92.550 | −0.012% | $44.4M | $55.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0083% | 8h | 92.589 | +0.030% | $113.3M | $304.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0093% | 8h | 92.691 | +0.141% | $339K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.570 | +0.010% | $16.0M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.576 | +0.016% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.599 | +0.041% | $69K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USDshort | +0.0099% | 8h | 92.570 | +0.010% | $38K | $1.7M | 10x | |
| Nado HYPE-PERP | +0.0100% | 1h | 92.647 | +0.092% | $6.1M | $44.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.604 | +0.046% | $2.01B | $666.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.688 | +0.137% | $10.0M | $15.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.590 | +0.031% | $371.6M | $903.8M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.298 | −0.284% | $201K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.585 | +0.026% | $87.4M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.594 | +0.036% | $45.9M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.576 | +0.016% | $224.4M | $98.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.557 | −0.004% | $7.3M | $11.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.569 | +0.008% | $28.5M | $57.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.655 | +0.102% | $7.5M | $46.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.436 | −0.135% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.753 | +0.207% | $664K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.689 | +0.139% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.663 | +0.110% | $465K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.507 | −0.058% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.540 | −0.022% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.598 | +0.040% | $31K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.553 | −0.009% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.750 | +0.204% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.565 | +0.005% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.551 | −0.011% | $391K | $164K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0109% | 4h | 92.580 | +0.020% | $5.0M | $29.7M | 30x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.474% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.740 | +0.193% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0245% | 8h | 92.694 | +0.144% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.630 | +0.074% | $79K | $137K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.607 | +0.050% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.631 | +0.076% | $20.5M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.723 | +0.175% | $16.6M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0409% | 1h | 92.641 | +0.086% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.668 | +0.116% | $3.1M | $6.4M | 20x | as long as short |
Phemex HYPEUSDT
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC