Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against Bulk−0.088%7-day average −0.038% · 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−$22as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Funding, last 3 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.790%+$79 · spread now −0.088%, 7d avg −0.038%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.050% cheaper against Bulk than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 93.386 | 0.0100 | pay 0.0013% / 1h | 56m 07s | $204K | $12K | 10x |
| Short | Polymarket Perps HYPE-USD | 93.304 | 0.0100 | get 0.0013% / 1h | 56m 07s | $493K | $2.6M | 20x |
Bulk HYPE-USD
Polymarket Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $0
- Price spread: −0.088% → −0.038%
- −$5
- Slippage, 4 orders
- −$1.91
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$21.91
- Costs to cover
- 0.169%
- Break-even
- never at this rate
Slippage from Bulk: live order book, 32 min ago; Polymarket Perps: live order book, 3 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, 32 min ago | 0.53 bp | 4.0 bp −$4 | 6.7 bp −$67 | 14.0 bp −$1,405 | 44.7 bp −$22.4K |
| Sell Polymarket Perps live order book, 3 min ago | 0.21 bp | 4.3 bp −$4 | 4.5 bp −$45 | 10.4 bp −$1,035 | 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 | −0.1360% | 1h | 93.304 | −0.088% | $197K | $239K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0119% | 1h | 93.260 | −0.135% | $699K | $952K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.253 | −0.143% | $89K | $340K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0084% | 1h | 93.353 | −0.035% | $22K | $22K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.294 | −0.099% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0002% | 4h | 93.293 | −0.100% | $44.1M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.341 | −0.049% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.387 | +0.001% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.252 | −0.144% | $24K | $343K | 10x | as long as short |
| Aster HYPEUSDT | +0.0002% | 4h | 93.288 | −0.105% | $8.9M | $36.5M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.320 | −0.071% | $20K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.252 | −0.144% | $56K | $1.2M | 50x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.260 | −0.135% | $325.1M | $288.4M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.253 | −0.142% | $16.4M | $7.1M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.304 | −0.088% | $180K | $536K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.444 | +0.062% | $216K | $1.1M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.360 | −0.028% | $18.5M | $58.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.318 | −0.073% | $3.1M | $12.3M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | −0.092% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.300 | −0.092% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.350 | −0.039% | $2.03B | $674.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.327 | −0.063% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.280 | −0.114% | $386.1M | $891.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.272 | −0.122% | $114.6M | $316.0M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.246 | −0.150% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 93.386 | long leg | $204K | $12K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.291 | −0.102% | $91.9M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.311 | −0.080% | $46.2M | $19.6M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.303 | −0.089% | $226.7M | $102.1M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.282 | −0.112% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.321 | −0.070% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.466 | +0.086% | $28.9M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.403 | +0.018% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.402 | +0.017% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.361 | −0.027% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.317 | −0.074% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDshort | +0.0100% | 1h | 93.304 | −0.088% | $493K | $2.6M | 20x | |
| Bullet HYPE-USD | +0.0100% | 1h | 93.282 | −0.112% | $112K | $583K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.306 | −0.086% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.263 | −0.132% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.314 | −0.077% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.348 | −0.041% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.327 | −0.064% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.297 | −0.095% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.324 | −0.066% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.382 | −0.004% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.380 | −0.007% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.284 | −0.109% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.220 | −0.178% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.315 | −0.077% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.309 | −0.083% | $17.2M | $12.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0371% | 1h | 93.406 | +0.021% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0425% | 4h | 93.442 | +0.060% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.319 | −0.072% | $2.7M | $6.9M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.449 | +0.067% | $18.7M | $24.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDT
Bybit HYPEUSDT
Derive HYPE-PERP
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
MEXC HYPE_USDT
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD