Funding you earn now, next payment 03:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.020%
Price spread now: edgeX against Bluefin−0.025%72s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 4 days (all we have)+0.318%+$32 · spread now −0.025%, 7d avg +0.005%
=Together, before fees+0.431%+ Points / potential airdropedgeX: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.030% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.005%). If the spread goes back, that is −$3 on $10k: about 9.9 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.113% in total) that is about 44 hours. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bluefin HYPE-PERP | 93.338 | 0.0100 | pay 0.0013% / 1h | 33m 57s | $79K | $170K | 20x |
| Short | edgeX HYPEUSDC | 93.315 | 0.0110 | get 0.0055% / 4h | 1h 33m | $5.1M | $29.7M | 30x |
Bluefin HYPE-PERP
edgeX HYPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bluefin. 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
- $2.12
- Price spread: −0.025% → +0.005%
- −$2.99
- Slippage, 4 orders
- −$22.95
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$39.82
- Costs to cover
- 0.390%
- Break-even
- 138.4 days
Slippage from Bluefin: live order book, 30 min ago; edgeX: live order book, 5 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 Bluefin live order book, 30 min ago | 4.82 bp | 16.7 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 5 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 87.3 bp −$8,729 | 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 | −0.1288% | 1h | 93.317 | −0.022% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.210 | −0.137% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0110% | 1h | 93.330 | −0.009% | $699K | $982K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.329 | −0.010% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0058% | 1h | 93.385 | +0.050% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.370 | +0.034% | $85K | $344K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0052% | 8h | 93.379 | +0.044% | $12.6M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0044% | 4h | 93.346 | +0.009% | $154K | $642K | 20x | as long as short |
| Bullet HYPE-USD | −0.0006% | 1h | 93.348 | +0.011% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | +0.024% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
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 | 93.362 | +0.025% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.360 | +0.023% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0022% | 4h | 93.482 | +0.154% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.393 | +0.059% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.488 | +0.161% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.490 | +0.163% | $321.7M | $277.3M | 75x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.482 | +0.154% | $44.6M | $54.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.479 | +0.151% | $114.2M | $302.3M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.415 | +0.082% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.414 | +0.081% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.355 | +0.018% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.504 | +0.178% | $89.9M | $80.8M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.353 | +0.017% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.488 | +0.161% | $379.1M | $876.4M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.370 | +0.034% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.340 | +0.003% | $5.8M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.486 | +0.159% | $2.04B | $653.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.357 | +0.020% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | +0.028% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.510 | +0.184% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.489 | +0.162% | $226.1M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.380 | +0.045% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.367 | +0.031% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.365 | +0.029% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.333 | −0.005% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.424 | +0.092% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.401 | +0.068% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.389 | +0.055% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 93.338 | long leg | $79K | $170K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.333 | −0.006% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.412 | +0.079% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.385 | +0.050% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.452 | +0.122% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.368 | +0.033% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDCshort | +0.0110% | 4h | 93.315 | −0.025% | $5.1M | $29.7M | 30x | |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.088% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0190% | 4h | 93.501 | +0.175% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.348 | +0.011% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.420 | +0.088% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.379 | +0.044% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0338% | 4h | 93.380 | +0.045% | $17.0M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0339% | 1h | 93.464 | +0.135% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.426 | +0.094% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.126% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.458 | +0.129% | $20.8M | $29.8M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
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
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD