Funding you earn now, next payment 21:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.091%
Price spread now: BloFin against Coinbase International−0.054%58s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs+$24as 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−$320.321% of the position
Funding, last 7 days+0.566%+$57 on $10k
+Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.054%, 7d avg +0.038%
=Funding pays, the price is against you. BloFin is 0.092% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.038%). If the spread goes back, that is −$9 on $10k: about 2.3 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.566% in total) that is about 27 hours. The two prices were read 58 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 | Coinbase International HYPE-PERP-INTX | 93.610 | 0.0208 | pay 0.0026% / 1h | 32m 19s | $4.9M | $5.7M | 50x |
| Short | BloFin HYPE-USDT | 93.559 | 0.0340 | get 0.0170% / 4h | 2h 32m | $17.1M | $12.5M | 75x |
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Coinbase International. 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
- $27.72
- Price spread: −0.054% → +0.038%
- −$9.21
- Slippage, 4 orders
- −$10.1
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$13.58
- Costs to cover
- 0.321%
- Break-even
- 10.4 days
Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 7 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 Coinbase International live order book, 2 min ago | 3.74 bp | 8.8 bp −$9 | 13.9 bp −$139 | 36.3 bp −$3,630 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.75 bp | 7.1 bp −$7 | 8.1 bp −$81 | 11.0 bp −$1,104 | 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 | −0.1080% | 1h | 93.498 | −0.120% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0269% | 1h | 93.502 | −0.115% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0236% | 1h | 93.520 | −0.096% | $701K | $941K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.567 | −0.046% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.593 | −0.018% | $89K | $348K | 20x | as long as short |
| Bullet HYPE-USD | −0.0034% | 1h | 93.554 | −0.060% | $112K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.563 | −0.050% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.573 | −0.040% | $23K | $337K | 10x | as long as short |
| Derive HYPE-PERP | +0.0001% | 1h | 93.510 | −0.107% | $16.4M | $7.1M | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.598 | −0.013% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
Derive HYPE-PERP
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0018% | 4h | 93.565 | −0.048% | $9.0M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0034% | 4h | 93.557 | −0.057% | $44.1M | $56.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 93.550 | −0.064% | $325.9M | $287.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.549 | −0.065% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0069% | 4h | 93.566 | −0.047% | $179K | $530K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.558 | −0.056% | $57K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.602 | −0.009% | $18.6M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.587 | −0.025% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.585 | −0.026% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | −0.043% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.561 | −0.052% | $6.0M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.648 | +0.041% | $2.04B | $668.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.587 | −0.025% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.551 | −0.063% | $385.8M | $888.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.550 | −0.064% | $114.9M | $315.7M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.539 | −0.076% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | −0.222% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.555 | −0.059% | $93.5M | $82.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.583 | −0.029% | $46.4M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.577 | −0.035% | $227.3M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.552 | −0.062% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.593 | −0.018% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.402 | −0.222% | $28.9M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.500 | −0.117% | $7.5M | $45.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.482 | −0.137% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.585 | −0.027% | $677K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.595 | −0.016% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.593 | −0.018% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.558 | −0.056% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.612 | +0.002% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.549 | −0.065% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.551 | −0.063% | $12.7M | $2.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0102% | 1h | 93.651 | +0.044% | $7.4M | $4.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.545 | −0.070% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.577 | −0.036% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0117% | 4h | 93.456 | −0.164% | $5.1M | $29.6M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0123% | 8h | 93.644 | +0.036% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTXlong | +0.0208% | 1h | 93.610 | long leg | $4.9M | $5.7M | 50x | |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.557 | −0.057% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.710 | +0.107% | $30K | $231K | 12x | as long as short |
| HTX HYPE-USDT | +0.0335% | 4h | 93.732 | +0.130% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0164% | 1h | 93.595 | −0.016% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.559 | −0.054% | $17.1M | $12.5M | 75x | |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.628 | +0.019% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0572% | 1h | 93.654 | +0.047% | $19.2M | $26.0M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk 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
Deribit HYPE_USDC-PERPETUAL
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD