Funding you earn now, next payment 04:00 UTC−0.0301%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h −0.031%
Price spread now: StandX against Deribit−0.012%47s7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as 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−$220.216% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.012%, 7d avg −0.045%
=Together, before fees+0.138%+ Points / potential airdropStandX: Active · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. StandX is 0.033% dearer against Deribit than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.045%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 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 | 92.269 | 0.0401 | pay 0.0050% / 1h | 47m 35s | $7.5M | $4.4M | 50x |
| Short | StandX HYPE-USD | 92.258 | 0.0100 | get 0.0013% / 1h | 47m 35s | $663K | $2.7M | 20x |
Deribit HYPE_USDC-PERPETUAL
StandX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
StandX 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
- −$63.21
- Price spread: −0.012% → −0.045%
- $3.27
- Slippage, 4 orders
- −$6.56
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee StandX: 4 bp × 2 orders
- −$8
- Net
- −$81.5
- Costs to cover
- 0.216%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 1 min ago; StandX: live order book, 1 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, 1 min ago | 0.60 bp | 6.8 bp −$7 | 12.4 bp −$124 | doesn't fit | doesn't fit |
| Sell StandX live order book, 1 min ago | 1.36 bp | 5.4 bp −$5 | 5.7 bp −$57 | 15.1 bp −$1,510 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.199 | −0.076% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0680% | 1h | 92.323 | +0.059% | $194K | $227K | 7x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 92.209 | −0.065% | $86K | $352K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0116% | 1h | 92.540 | +0.293% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.187 | −0.089% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0074% | 1h | 92.177 | −0.099% | $110K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0068% | 4h | 92.179 | −0.098% | $157K | $663K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0040% | 1h | 92.170 | −0.107% | $699K | $1.1M | 10x | as long as short |
| Aster HYPEUSDT | −0.0011% | 4h | 92.220 | −0.053% | $8.6M | $36.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.238 | −0.034% | $126K | $31K | 5x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
Aster HYPEUSDT
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 92.216 | −0.058% | $22K | $310K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.214 | −0.060% | $61K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.237 | −0.035% | — | $53.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0037% | 8h | 92.230 | −0.042% | $315.7M | $280.8M | 75x | as long as short |
| Derive HYPE-PERP | +0.0041% | 1h | 92.155 | −0.124% | $16.0M | $7.5M | 10x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.430 | +0.174% | $210K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 92.266 | −0.003% | $44.3M | $54.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0052% | 8h | 92.223 | −0.050% | $12.4M | $2.7M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 92.231 | −0.041% | $112.7M | $300.6M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0076% | 4h | 92.233 | −0.039% | $87.1M | $80.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0078% | 4h | 92.225 | −0.048% | $370.8M | $896.4M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 92.257 | −0.013% | $67K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 92.311 | +0.046% | $4.9M | $29.4M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 92.253 | −0.017% | $338K | $163K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0093% | 1h | 92.333 | +0.069% | $337K | $1.0M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.201 | −0.074% | $16.0M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.212 | −0.062% | $3.1M | $11.6M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.220 | −0.053% | $13K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.287 | +0.019% | $5.8M | $43.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.227 | −0.046% | $2.01B | $662.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.260 | −0.009% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | +0.575% | $202K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.205 | −0.069% | $45.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.236 | −0.036% | $223.3M | $97.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.153 | −0.126% | $7.2M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.469 | +0.217% | $28.5M | $57.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.327 | +0.063% | $7.5M | $45.9M | 10x | as long as short |
| StandX HYPE-USDshort | +0.0100% | 1h | 92.258 | −0.012% | $663K | $2.7M | 20x | |
| Vest HYPE-PERP | +0.0100% | 1h | 92.271 | +0.003% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.241 | −0.030% | $474K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.222 | −0.051% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.174 | −0.103% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.350 | +0.088% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.224 | −0.049% | $18.1M | $43.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.166 | −0.112% | $390K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.250 | −0.021% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.240 | −0.031% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.186 | −0.090% | $78K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0261% | 8h | 92.370 | +0.109% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0316% | 4h | 92.252 | −0.018% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0329% / S −0.0153% | 1h | 92.205 | −0.069% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0334% | 1h | 92.212 | −0.062% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0401% | 1h | 92.269 | long leg | $7.5M | $4.4M | 50x | |
| Bluefin HYPE-PERP | +0.0666% | 1h | 92.173 | −0.104% | $78K | $168K | 20x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.349 | +0.087% | $3.1M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
Gate HYPE_USDT
Phemex HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
Popdex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Bluefin HYPE-PERP
RISEx HYPE/USDC