Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.044%
Price spread now: Bluefin against BloFin−0.040%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days−0.586%−$59 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.040%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bluefin is 0.027% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HYPE-USDT | 93.430 | 0.0340 | pay 0.0170% / 4h | 3h 00m | $16.8M | $11.9M | 75x |
| Short | Bluefin HYPE-PERP | 93.393 | 0.0100 | get 0.0013% / 1h | 0m 49s | $79K | $167K | 20x |
BloFin HYPE-USDT
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against BloFin. 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
- −$50.4
- Price spread: −0.040% → −0.012%
- −$2.74
- Slippage, 4 orders
- −$25.78
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- −$97.92
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Bluefin: live order book, 53 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 BloFin live order book, 3 min ago | 0.05 bp | 6.1 bp −$6 | 7.7 bp −$77 | 16.0 bp −$1,603 | doesn't fit |
| Sell Bluefin live order book, 53 min ago | 5.54 bp | 16.1 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1872% | 1h | 93.114 | −0.339% | $196K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0335% | 1h | 93.287 | −0.153% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.373 | −0.061% | $1.0M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.316 | −0.122% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0041% | 4h | 93.402 | −0.030% | $146K | $664K | 20x | as long as short |
| Bullet HYPE-USD | −0.0012% | 1h | 93.395 | −0.037% | $112K | $578K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0008% | 1h | 93.330 | −0.107% | $703K | $1.2M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.328 | −0.109% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.404 | −0.028% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.436 | +0.006% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0016% | 1h | 93.440 | +0.011% | $87K | $366K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0020% | 8h | 93.414 | −0.017% | $12.6M | $2.7M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0025% | 8h | 93.410 | −0.021% | $317.9M | $283.6M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.446 | +0.017% | $209K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0026% | 4h | 93.398 | −0.034% | $226.1M | $99.0M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0064% | 1h | 93.410 | −0.021% | $77K | $1.1M | 50x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.385 | −0.048% | $45.9M | $55.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0082% | 4h | 93.336 | −0.101% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.371 | −0.063% | $340K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.428 | −0.002% | $16.1M | $63.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.424 | −0.006% | $3.1M | $11.7M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.400 | −0.032% | $12K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.419 | −0.011% | $7.5M | $47.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.439 | +0.010% | $2.03B | $665.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.406 | −0.025% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.369 | −0.065% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.408 | −0.024% | $374.7M | $909.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.406 | −0.026% | $114.7M | $306.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.328 | −0.109% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.387 | −0.046% | $91.8M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.406 | −0.026% | $46.2M | $18.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.391 | −0.042% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.444 | +0.015% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.379 | −0.055% | $28.8M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.407 | −0.025% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.335 | −0.102% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.244 | −0.199% | $666K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.441 | +0.012% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.456 | +0.028% | $490K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 93.393 | −0.040% | $79K | $167K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.388 | −0.045% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.306 | −0.133% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.407 | −0.025% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.550 | +0.128% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.359 | −0.076% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.398 | −0.034% | $395K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.500 | +0.075% | $4.8M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0145% | 8h | 93.417 | −0.014% | $1.8M | $5.5M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.476 | +0.050% | $20.8M | $29.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.170 | −0.278% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0267% | 1h | 93.436 | +0.006% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.442 | +0.013% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTlong | +0.0340% | 4h | 93.430 | long leg | $16.8M | $11.9M | 75x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0467% | 1h | 93.502 | +0.077% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.465 | +0.037% | $3.2M | $6.3M | 20x | as long as short |
01 Exchange HYPEUSD
Phemex HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC