Funding you earn now, next payment 22:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.009%
Price spread now: Paradex against Bullet−0.038%7-day average −0.007% · 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−$54as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 3 days (all we have)+0.008%+$1 on $10k
+Price spread, last 3 days (all we have)−0.327%−$33 · spread now −0.038%, 7d avg −0.007%
=Together, before fees−0.319%+ Points / potential airdropParadex: Active · farm board−$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Paradex is 0.031% cheaper against Bullet than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.007%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.008% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet HYPE-USD | 93.725 | −0.0027 | get 0.0003% / 1h | 23m 42s | $112K | $583K | 20x |
| Short | Paradex HYPE-USD-PERP | 93.690 | 0.0100 | get 0.0100% / 8h | 2h 23m | $340K | $170K | 20x |
Bullet HYPE-USD
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Bullet. 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
- $26.64
- Price spread: −0.038% → −0.007%
- −$3.1
- Slippage, 4 orders
- −$39.23
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$27.68
- Costs to cover
- 0.512%
- Break-even
- 14.3 days
Slippage from Bullet: live order book, 65 min ago; Paradex: live order book, just now.
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 Bullet live order book, 65 min ago | 0.54 bp | 7.7 bp −$8 | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Paradex live order book, just now | 16.62 bp | 18.6 bp −$19 | 21.0 bp −$210 | 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 | −0.1008% | 1h | 93.638 | −0.093% | $198K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0297% | 1h | 93.630 | −0.101% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0237% | 1h | 93.630 | −0.101% | $702K | $934K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.716 | −0.009% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.683 | −0.045% | $90K | $348K | 20x | as long as short |
| Bullet HYPE-USDlong | −0.0027% | 1h | 93.725 | long leg | $112K | $583K | 20x | |
| Derive HYPE-PERP | −0.0009% | 1h | 93.678 | −0.050% | $16.5M | $7.0M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.721 | −0.004% | $128K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.725 | 0.000% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.760 | +0.037% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Derive HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0029% | 4h | 93.736 | +0.012% | $9.0M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0034% | 4h | 93.683 | −0.045% | $44.1M | $57.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 93.669 | −0.059% | $326.2M | $287.0M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0064% | 1h | 93.649 | −0.081% | $57K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0064% | 4h | 93.713 | −0.013% | $175K | $536K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.742 | +0.018% | $216K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.723 | −0.002% | $18.6M | $59.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.723 | −0.002% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0100% | 8h | 93.690 | −0.038% | $340K | $170K | 20x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.710 | −0.016% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.707 | −0.019% | $6.0M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.790 | +0.070% | $2.04B | $669.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.707 | −0.019% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.679 | −0.049% | $386.5M | $888.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.672 | −0.056% | $115.1M | $315.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.642 | −0.088% | $1.2M | $4.0M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.673 | −0.055% | $93.7M | $82.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.714 | −0.011% | $46.5M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.672 | −0.056% | $227.5M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.662 | −0.067% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.747 | +0.024% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.652 | −0.078% | $29.0M | $50.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.613 | −0.119% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.545 | −0.192% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.686 | −0.041% | $677K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.751 | +0.028% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.751 | +0.028% | $495K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.729 | +0.005% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.761 | +0.039% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.715 | −0.010% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.689 | −0.038% | $12.8M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.556 | −0.180% | $204K | $12K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.643 | −0.088% | $18.3M | $41.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.712 | −0.013% | $399K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0105% | 4h | 93.554 | −0.182% | $5.1M | $29.5M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0135% | 8h | 93.806 | +0.087% | $1.9M | $5.3M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0166% | 1h | 93.826 | +0.108% | $7.4M | $4.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.760 | +0.038% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.717 | −0.008% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.610 | −0.122% | $30K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0313% | 4h | 93.884 | +0.170% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0164% | 1h | 93.755 | +0.032% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.691 | −0.036% | $17.1M | $12.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.719 | −0.006% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0572% | 1h | 93.807 | +0.088% | $19.2M | $26.0M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
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
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD