Funding you earn now, next payment 21:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h +0.027%
Price spread now: Extended against Coinbase International−0.096%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 3 days (all we have)+0.266%+$27 · spread now −0.096%, 7d avg −0.008%
=Together, before fees+0.388%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.088% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International HYPE-PERP-INTX | 93.460 | 0.0208 | pay 0.0026% / 1h | 49m 03s | $4.9M | $5.7M | 50x |
| Short | Extended HYPE-USD | 93.370 | 0.0104 | get 0.0013% / 1h | 49m 03s | $18.4M | $41.0M | 50x |
Coinbase International HYPE-PERP-INTX
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$21.84
- Price spread: −0.096% → −0.008%
- −$8.82
- Slippage, 4 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$53.66
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago | 3.21 bp | 8.5 bp −$9 | 13.2 bp −$132 | 37.9 bp −$3,794 | doesn't fit |
| Sell Extended live order book, 5 min ago | 0.05 bp | 2.6 bp −$3 | 5.2 bp −$52 | 25.6 bp −$2,562 | 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 | −0.1280% | 1h | 93.248 | −0.226% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0186% | 1h | 93.210 | −0.267% | $700K | $943K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0146% | 1h | 93.371 | −0.095% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.419 | −0.044% | $89K | $344K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.380 | −0.086% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0025% | 1h | 93.376 | −0.090% | $113K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.407 | −0.056% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.497 | +0.040% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.441 | −0.020% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.420 | −0.043% | $19K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Kalshi KXHYPEPERP
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 | +0.0010% | 4h | 93.405 | −0.059% | $8.9M | $36.3M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.339 | −0.129% | $16.4M | $7.1M | 10x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.393 | −0.072% | $44.2M | $56.2M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.377 | −0.089% | $325.5M | $288.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.408 | −0.056% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0076% | 4h | 93.408 | −0.056% | $180K | $536K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0092% | 1h | 93.318 | −0.152% | $405K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.440 | −0.022% | $18.5M | $59.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.413 | −0.050% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.399 | −0.065% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.420 | −0.043% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.398 | −0.066% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.444 | −0.017% | $2.03B | $668.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.432 | −0.030% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.400 | −0.064% | $386.2M | $890.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.379 | −0.087% | $114.7M | $316.4M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.383 | −0.082% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.133% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.378 | −0.088% | $92.7M | $81.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.388 | −0.077% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.399 | −0.065% | $226.9M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.378 | −0.088% | — | $54.5M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.418 | −0.045% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.295 | −0.176% | $28.8M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.336 | −0.132% | $7.5M | $46.2M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.344 | −0.124% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.438 | −0.024% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.428 | −0.034% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.391 | −0.074% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.424 | −0.039% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.378 | −0.088% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.381 | −0.085% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.427 | −0.035% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.370 | −0.096% | $18.4M | $41.0M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.400 | −0.065% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.276 | −0.197% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTXlong | +0.0208% | 1h | 93.460 | long leg | $4.9M | $5.7M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0242% | 1h | 93.484 | +0.026% | $7.4M | $4.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.392 | −0.072% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.290 | −0.182% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.425 | −0.038% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.376 | −0.090% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0398% | 4h | 93.581 | +0.129% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.466 | +0.006% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.479 | +0.021% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Aevo HYPE-PERP
edgeX HYPEUSDC
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD