Funding you earn now, next payment 07:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.016%
Price spread now: BloFin against Deribit−0.093%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs+$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.093%, 7d avg −0.041%
=Funding pays, the price is against you. BloFin is 0.052% cheaper against Deribit than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.041%). If the spread goes back, that is −$5 on $10k: about 3.9 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.490% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.567 | 0.0295 | pay 0.0037% / 1h | 37m 00s | $7.4M | $4.2M | 50x |
| Short | BloFin HYPE-USDT | 93.480 | 0.0340 | get 0.0170% / 4h | 1h 37m | $16.9M | $12.2M | 75x |
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- $9.45
- Price spread: −0.093% → −0.041%
- −$5.23
- Slippage, 4 orders
- −$7.1
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$21.88
- Costs to cover
- 0.261%
- Break-even
- 23.2 days
Slippage from Deribit: 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 Deribit live order book, 2 min ago | 0.96 bp | 5.6 bp −$6 | 11.2 bp −$112 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.27 bp | 6.5 bp −$7 | 8.0 bp −$80 | 14.2 bp −$1,420 | 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 | −0.1056% | 1h | 93.361 | −0.220% | $198K | $240K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0197% | 1h | 93.560 | −0.007% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0111% | 1h | 93.390 | −0.189% | $704K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.464 | −0.110% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0063% | 1h | 93.480 | −0.093% | $111K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.515 | −0.056% | $86K | $369K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0027% | 1h | 93.472 | −0.102% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.461 | −0.113% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.447 | −0.128% | $128K | $28K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.534 | −0.035% | $1.8M | $5.6M | 2.3x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.480 | −0.093% | $20K | $289K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.448 | −0.128% | $83K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.380 | −0.200% | $315.1M | $288.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0002% | 4h | 93.393 | −0.186% | — | $53.6M | — | as long as short |
| Derive HYPE-PERP | +0.0010% | 1h | 93.422 | −0.155% | $16.2M | $7.4M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.482 | −0.091% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0042% | 4h | 93.400 | −0.178% | $225.0M | $99.8M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0077% | 8h | 93.508 | −0.063% | $334K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.453 | −0.122% | $1.0M | $4.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0086% | 8h | 93.459 | −0.115% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0086% | 4h | 93.443 | −0.133% | $5.0M | $30.5M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.444 | −0.132% | $16.1M | $63.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.473 | −0.100% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.476 | −0.097% | $81K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.480 | −0.093% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.475 | −0.099% | $7.5M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.517 | −0.053% | $2.05B | $680.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.435 | −0.141% | $8.8M | $37.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.508 | −0.063% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.406 | −0.172% | $373.9M | $930.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.378 | −0.202% | $115.4M | $315.0M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.428 | −0.149% | $48.4M | $55.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.410 | −0.168% | $89.3M | $83.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.417 | −0.160% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.449 | −0.126% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.479 | −0.094% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.540 | −0.028% | $7.5M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.577 | +0.011% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.458 | −0.116% | $677K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.530 | −0.040% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.498 | −0.074% | $469K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.533 | −0.036% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.471 | −0.103% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.615 | +0.051% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.507 | −0.064% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.367 | −0.214% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.470 | −0.104% | $395K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.460 | −0.114% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.430 | −0.146% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.462 | −0.113% | $77K | $129K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0295% | 1h | 93.567 | long leg | $7.4M | $4.2M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.505 | −0.066% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.480 | −0.093% | $16.9M | $12.2M | 75x | |
| Kraken Futures PF_HYPEUSD | +0.0416% | 1h | 93.550 | −0.018% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.514 | −0.057% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
Phemex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
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
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC