Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.015%
Price spread now: Aevo against Derive+0.062%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.062%, 7d avg +0.033%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.029% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 92.729 | 0.0010 | pay 0.0001% / 1h | 52m 55s | $16.1M | $7.5M | 10x |
| Short | Aevo HYPE-PERP | 92.787 | 0.0104 | get 0.0013% / 1h | 52m 55s | $392K | $164K | 20x |
Derive HYPE-PERP
Aevo HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aevo against Derive. 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
- $19.76
- Price spread: +0.062% → +0.033%
- $2.88
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Aevo: 8 bp × 2 orders
- −$16
- Net
- $0.64
- Costs to cover
- 0.220%
- Break-even
- 6.8 days
Slippage unknown: Derive: no order-book sample; Aevo: live order book, 6 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Aevo live order book, 6 min ago | 17.65 bp | 25.9 bp −$26 | 26.0 bp −$260 | 30.7 bp −$3,067 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 92.680 | −0.053% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0776% | 1h | 92.787 | +0.062% | $195K | $227K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0109% | 1h | 92.767 | +0.040% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 92.816 | +0.094% | $86K | $351K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.803 | +0.080% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.745 | +0.017% | $158K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0057% | 1h | 92.785 | +0.060% | $111K | $579K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0054% | 1h | 92.720 | −0.010% | $699K | $1.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.870 | +0.151% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.840 | +0.119% | $23K | $309K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.806 | +0.083% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0006% | 8h | 92.719 | −0.011% | $12.5M | $2.7M | 50x | as long as short |
| Aster HYPEUSDT | +0.0007% | 4h | 92.743 | +0.015% | $8.7M | $36.2M | 300x | as long as short |
| Derive HYPE-PERPlong | +0.0010% | 1h | 92.729 | long leg | $16.1M | $7.5M | 10x | |
| BingX HYPE-USDT | +0.0031% | 4h | 92.601 | −0.138% | — | $53.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 92.583 | −0.158% | $317.7M | $279.1M | 75x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.855 | +0.136% | $211K | $1.2M | 10x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 92.722 | −0.008% | $44.5M | $54.4M | 75x | as long as short |
| ApeX Omni HYPEUSDT | +0.0068% | 1h | 92.356 | −0.403% | $337K | $1.0M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 92.590 | −0.150% | $113.1M | $300.8M | 50x | as long as short |
| Binance HYPEUSDT | +0.0085% | 4h | 92.596 | −0.144% | $372.4M | $892.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0086% | 4h | 92.588 | −0.152% | $87.8M | $80.1M | 100x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.802 | +0.078% | $68K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0090% | 4h | 92.792 | +0.067% | $5.1M | $29.2M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0093% | 8h | 92.817 | +0.094% | $339K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.755 | +0.027% | $16.0M | $61.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.758 | +0.031% | $3.1M | $11.6M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.810 | +0.087% | $14K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.787 | +0.063% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.768 | +0.042% | $2.02B | $657.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.823 | +0.101% | $10.0M | $14.9M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | +0.076% | $202K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.612 | −0.126% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.592 | −0.148% | $224.1M | $97.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.698 | −0.034% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.820 | +0.098% | $28.4M | $57.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.596 | −0.144% | $7.5M | $45.7M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.854 | +0.135% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.840 | +0.120% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.832 | +0.111% | $469K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.839 | +0.118% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.757 | +0.030% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.873 | +0.155% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.571 | −0.170% | $18.1M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERPshort | +0.0104% | 1h | 92.787 | +0.062% | $392K | $164K | 20x | |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.292% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.840 | +0.119% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.801 | +0.077% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0263% | 8h | 92.857 | +0.138% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0325% | 4h | 92.787 | +0.062% | $16.8M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0153% | 1h | 92.813 | +0.091% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.793 | +0.068% | $20.7M | $30.3M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0450% | 1h | 92.865 | +0.146% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.883 | +0.166% | $3.2M | $6.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.2119% | 1h | 92.750 | +0.022% | $79K | $169K | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDT
Aster HYPEUSDT
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Gate HYPE_USDT
ApeX Omni HYPEUSDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
Popdex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
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
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
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
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Bluefin HYPE-PERP