Funding you earn now, next payment 00:00 UTC−0.0461%/8h= −50.5% APRnext payment −$0.58 per $10,000 · paid last 24h −0.035%
Price spread now: Coinbase International against Deribit−0.063%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)+0.004%$0 · spread now −0.063%, 7d avg −0.071%
=The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.060% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit HYPE_USDC-PERPETUAL | 93.699 | 0.0605 | pay 0.0076% / 1h | 16m 20s | $7.5M | $4.6M | 50x |
| Short | Coinbase International HYPE-PERP-INTX | 93.640 | 0.0144 | get 0.0018% / 1h | 16m 20s | $4.9M | $5.5M | 50x |
Deribit HYPE_USDC-PERPETUAL
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$96.81
- Price spread: −0.063% → −0.071%
- $0.83
- Slippage, 4 orders
- −$17.97
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$130.95
- Costs to cover
- 0.350%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 3 min ago; Coinbase International: 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 Deribit live order book, 3 min ago | 1.76 bp | 8.3 bp −$8 | 13.4 bp −$134 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 0.53 bp | 8.2 bp −$8 | 12.4 bp −$124 | 34.2 bp −$3,418 | 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 | 93.530 | −0.180% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.701 | +0.002% | $1.3M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0197% | 1h | 93.835 | +0.145% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0134% | 1h | 93.730 | +0.033% | $708K | $958K | 10x | as long as short |
| dYdX HYPE-USD | −0.0103% | 1h | 93.818 | +0.127% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.855 | +0.166% | $85K | $361K | 20x | as long as short |
| Bullet HYPE-USD | −0.0085% | 1h | 93.875 | +0.188% | $113K | $581K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.610 | −0.095% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0048% | 4h | 93.895 | +0.209% | $44.4M | $60.1M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 93.892 | +0.206% | $159K | $645K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0013% | 8h | 93.919 | +0.235% | $323.2M | $281.0M | 75x | as long as short |
| Aster HYPEUSDT | −0.0004% | 4h | 93.826 | +0.136% | $8.9M | $36.1M | 300x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.792 | +0.099% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.926 | +0.242% | $27K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0009% | 1h | 93.545 | −0.164% | $16.3M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | −0.022% | $218K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0039% | 8h | 93.651 | −0.051% | $12.8M | $2.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.856 | +0.168% | $88.4M | $83.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0042% | 4h | 93.899 | +0.214% | $383.0M | $895.8M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.280% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.941 | +0.258% | $115.9M | $317.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.937 | +0.254% | $400K | $180K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0090% | 1h | 93.939 | +0.256% | $76K | $171K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.836 | +0.146% | $19.1M | $60.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.799 | +0.107% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.849 | +0.160% | $65K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.871 | +0.184% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.830 | +0.140% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.805 | +0.113% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.895 | +0.209% | $2.05B | $676.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.835 | +0.146% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.182% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.866 | +0.178% | $46.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.868 | +0.180% | $227.5M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.911 | +0.226% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.634 | −0.069% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.257% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.312% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.257% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.666 | −0.035% | $677K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.816 | +0.125% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.874 | +0.187% | $475K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.645 | −0.058% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.583 | −0.124% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.791 | +0.098% | $18.7M | $44.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0144% | 1h | 93.640 | −0.063% | $4.9M | $5.5M | 50x | |
| BloFin HYPE-USDT | +0.0168% | 4h | 93.581 | −0.126% | $17.0M | $12.1M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.844% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.865 | +0.177% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.706 | +0.007% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.843 | +0.154% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0156% | 1h | 93.911 | +0.226% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0367% | 4h | 93.825 | +0.134% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0605% | 1h | 93.699 | long leg | $7.5M | $4.6M | 50x | |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.681 | −0.019% | $20.9M | $29.8M | 50x | as long as short |
Bybit HYPEUSDT
Aster HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Phemex HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
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
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD