Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.058%
Price spread now: Bulk against BloFin−0.056%7-day average +0.029% · 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−$32as in the Price arb table
costs, in and out, $10k−$230.232% of the position
Funding, last 3 days (all we have)−0.240%−$24 on $10k
+Price spread, last 3 days (all we have)+0.046%+$5 · spread now −0.056%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bulk is 0.086% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HYPE-USDT | 93.581 | 0.0168 | pay 0.0084% / 4h | 3h 17m | $17.0M | $12.1M | 75x |
| Short | Bulk HYPE-USD | 93.528 | 0.0100 | get 0.0013% / 1h | 17m 05s | $204K | $12K | 10x |
BloFin HYPE-USDT
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$14.38
- Price spread: −0.056% → +0.029%
- −$8.56
- Slippage, 4 orders
- −$4.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$46.12
- Costs to cover
- 0.232%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Bulk: live order book, 57 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, 7 min ago | 0.16 bp | 6.7 bp −$7 | 8.4 bp −$84 | 14.3 bp −$1,427 | doesn't fit |
| Sell Bulk live order book, 57 min ago | 0.53 bp | 6.0 bp −$6 | 7.6 bp −$76 | 13.2 bp −$1,324 | 37.8 bp −$18.9K |
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 | −0.1280% | 1h | 93.530 | −0.054% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.508 | −0.078% | $1.3M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0189% | 1h | 93.890 | +0.330% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0145% | 1h | 93.580 | −0.001% | $710K | $956K | 10x | as long as short |
| dYdX HYPE-USD | −0.0106% | 1h | 93.615 | +0.036% | $128K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0096% | 1h | 93.616 | +0.037% | $85K | $360K | 20x | as long as short |
| Bullet HYPE-USD | −0.0092% | 1h | 93.591 | +0.011% | $113K | $581K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.627 | +0.049% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0062% | 4h | 93.593 | +0.013% | $44.3M | $60.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.559 | −0.024% | $159K | $645K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0019% | 8h | 93.690 | +0.116% | $321.7M | $280.3M | 75x | as long as short |
| Aster HYPEUSDT | −0.0007% | 4h | 93.668 | +0.093% | $8.9M | $36.1M | 300x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.638 | +0.061% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.620 | +0.042% | $27K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0009% | 1h | 93.545 | −0.038% | $16.3M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | +0.104% | $218K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0039% | 8h | 93.651 | +0.075% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.608 | +0.029% | $88.1M | $83.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0042% | 4h | 93.694 | +0.121% | $382.2M | $894.5M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.406% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 93.692 | +0.119% | $115.7M | $316.5M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0084% | 1h | 93.581 | 0.000% | $76K | $170K | 20x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.546 | −0.038% | $398K | $180K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.630 | +0.053% | $19.1M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.619 | +0.041% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.622 | +0.044% | $66K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.644 | +0.067% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | −0.012% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.650 | +0.073% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.679 | +0.104% | $2.04B | $675.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.648 | +0.072% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 93.528 | −0.056% | $204K | $12K | 10x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.607 | +0.028% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.638 | +0.061% | $227.0M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.627 | +0.049% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.634 | +0.057% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.383% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.438% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.384% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | +0.275% | $679K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.652 | +0.076% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.656 | +0.080% | $473K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.645 | +0.068% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.583 | +0.002% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.567 | −0.015% | $18.7M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.640 | +0.063% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDTlong | +0.0168% | 4h | 93.581 | long leg | $17.0M | $12.1M | 75x | |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.971% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.668 | +0.093% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.706 | +0.134% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.622 | +0.044% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0156% | 1h | 93.614 | +0.035% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0367% | 4h | 93.825 | +0.261% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0605% | 1h | 93.699 | +0.126% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.681 | +0.107% | $20.9M | $29.8M | 50x | as long as short |
Bybit HYPEUSDT
Aster HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Phemex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD