Funding you earn now, next payment 06:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.052%
Price spread now: Injective against Bluefin−0.354%59s7-day average +0.162% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.302%+$230 on $10k
+Price spread, last 4 days (all we have)+0.223%+$22 · spread now −0.354%, 7d avg +0.162%
=Funding pays, the price is against you. Injective is 0.516% cheaper against Bluefin than usual: you would sell low and buy high (spread −0.354% now, against its 7-day average of +0.162%). If the spread goes back, that is −$52 on $10k: about 3 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+2.302% in total) that is about 38 hours. The two prices were read 59 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 | 93.953 | 0.0100 | pay 0.0013% / 1h | 20m 01s | $80K | $166K | 20x |
| Short | Injective HYPE/USDC PERP | 93.620 | 0.0122 | get 0.0015% / 1h | 20m 01s | $30K | $339K | 12x |
Bluefin HYPE-PERP
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $4.61
- Price spread: −0.354% → +0.162%
- −$51.65
- Slippage, 4 orders
- no order book: not counted
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$54.05
- Costs to cover
- 0.070%
- Break-even
- 89.0 days
Slippage unknown: Bluefin: live order book, 29 min ago; Injective: live order book, 29 min ago. 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 Bluefin live order book, 29 min ago | 3.36 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 29 min ago | 15.47 bp | doesn't fit | 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 | −0.1392% | 1h | 93.393 | −0.596% | $197K | $238K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0422% | 1h | 93.426 | −0.561% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.930 | −0.024% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0044% | 1h | 93.935 | −0.019% | $112K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0019% | 4h | 93.885 | −0.072% | $146K | $672K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.915 | −0.041% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 93.976 | +0.024% | $88K | $365K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.934 | −0.021% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.957 | +0.005% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.911 | −0.045% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0014% | 4h | 93.885 | −0.072% | $226.6M | $99.1M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.871 | −0.087% | $318.6M | $283.1M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.350% | $208K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0029% | 8h | 93.881 | −0.077% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0035% | 1h | 93.900 | −0.056% | $704K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.211 | −0.790% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.983 | +0.032% | $342K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.924 | −0.031% | $16.2M | $63.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.918 | −0.037% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.936 | −0.018% | $73K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.900 | −0.056% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.948 | −0.005% | $7.9M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.956 | +0.003% | $2.05B | $669.9M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.937 | −0.017% | $8.8M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.941 | −0.013% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.926 | −0.029% | $376.6M | $915.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.890 | −0.067% | $115.8M | $313.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.633% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.902 | −0.054% | $47.3M | $54.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.907 | −0.049% | $90.5M | $81.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.917 | −0.038% | $46.4M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.886 | −0.071% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.925 | −0.030% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.699 | −0.271% | $28.6M | $56.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.275 | −0.722% | $7.5M | $47.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.227 | −0.773% | $342K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.706 | −0.263% | $670K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.946 | −0.008% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.963 | +0.011% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERPlong | +0.0100% | 1h | 93.953 | long leg | $80K | $166K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 93.902 | −0.054% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.967 | +0.015% | $33K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.918 | −0.037% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.051 | +0.104% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.886 | −0.072% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.939 | −0.015% | $397K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0113% | 8h | 93.839 | −0.121% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0122% | 1h | 93.620 | −0.354% | $30K | $339K | 12x | |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.050% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.944 | −0.010% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.948 | −0.005% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0339% | 1h | 93.984 | +0.033% | $21.0M | $29.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.730 | −0.237% | $16.8M | $12.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0378% | 1h | 93.998 | +0.048% | $7.5M | $4.1M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.000 | +0.050% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
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
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC