Funding you earn now, next payment 05:00 UTC−0.0059%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.012%
Price spread now: Bullet against Bulk+0.124%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$210.206% of the position
Funding, last 3 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.124%, 7d avg −0.025%
=The price spread pays, funding is against you. Bullet is 0.149% dearer against Bulk than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.025%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.4 days. At the pace of the last 3 days (−0.016% in total) that is about 32 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 92.770 | 0.0100 | pay 0.0013% / 1h | 32m 21s | $202K | $13K | 10x |
| Short | Bullet HYPE-USD | 92.885 | 0.0041 | get 0.0005% / 1h | 32m 21s | $111K | $577K | 20x |
Bulk HYPE-USD
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet against Bulk. 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
- −$12.36
- Price spread: +0.124% → −0.025%
- $14.91
- Slippage, 4 orders
- −$5.58
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$18.03
- Costs to cover
- 0.206%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 22 min ago; Bullet: live order book, 22 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 Bulk live order book, 22 min ago | 0.54 bp | 4.8 bp −$5 | 7.2 bp −$72 | 13.2 bp −$1,322 | 41.1 bp −$20.6K |
| Sell Bullet live order book, 22 min ago | 0.05 bp | 5.5 bp −$6 | 9.6 bp −$96 | 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 | −0.1440% | 1h | 92.676 | −0.101% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0286% | 1h | 92.859 | +0.096% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.853 | +0.089% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.875 | +0.113% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.878 | +0.116% | $147K | $679K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.901 | +0.141% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.886 | +0.125% | $22K | $298K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.910 | +0.151% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.857 | +0.094% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 92.885 | +0.124% | $316.1M | $282.1M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USDshort | +0.0041% | 1h | 92.885 | +0.124% | $111K | $577K | 20x | |
| Ondo Perps HYPE-USD.P | +0.0046% | 1h | 92.860 | +0.097% | $699K | $1.1M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.918 | +0.160% | $87K | $361K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0051% | 8h | 92.908 | +0.149% | $12.5M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0058% | 4h | 92.887 | +0.126% | $225.0M | $99.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.886 | +0.125% | $70K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.909 | +0.150% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.937 | +0.180% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.908 | +0.148% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 92.802 | +0.034% | $4.9M | $29.6M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.880 | +0.119% | $37K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.879 | +0.117% | $7.6M | $45.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.931 | +0.174% | $2.02B | $666.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.895 | +0.135% | $8.7M | $36.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.911 | +0.152% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.895 | +0.135% | $373.4M | $905.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.898 | +0.138% | $113.9M | $304.5M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.877 | +0.115% | $45.0M | $54.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.889 | +0.128% | $87.1M | $80.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.887 | +0.126% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.895 | +0.135% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.890 | +0.129% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.829 | +0.063% | $28.5M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.842 | +0.078% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.921 | +0.163% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.833 | +0.068% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.928 | +0.170% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.928 | +0.170% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.880 | +0.119% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.861 | +0.098% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.936 | +0.179% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.874 | +0.112% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 92.770 | long leg | $202K | $13K | 10x | |
| Extended HYPE-USD | +0.0104% | 1h | 92.859 | +0.096% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.886 | +0.125% | $393K | $164K | 20x | as long as short |
| HTX HYPE-USDT | +0.0122% | 4h | 93.000 | +0.248% | $1.4M | $6.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0133% | 8h | 92.819 | +0.053% | $1.8M | $5.4M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.890 | +0.129% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.929 | +0.171% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.410% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0265% | 1h | 92.883 | +0.121% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.909 | +0.149% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.864 | +0.101% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0460% | 1h | 92.972 | +0.218% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.954 | +0.198% | $3.2M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
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
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC