Funding you earn now, next payment 02:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.003%
Price spread now: Bitget against Derive+0.033%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.033%, 7d avg +0.013%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.430 | 0.0099 | pay 0.0012% / 1h | 10m 21s | $16.2M | $7.7M | 10x |
| Short | Bitget HYPEUSDT | 93.461 | 0.0100 | get 0.0050% / 4h | 2h 10m | $226.3M | $97.8M | 75x |
Derive HYPE-PERP
Bitget HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0.11
- Price spread: +0.033% → +0.013%
- $1.98
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$15.9
- Costs to cover
- 0.180%
- Break-even
- 988.1 days
Slippage unknown: Derive: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 0.21 bp | 7.6 bp −$8 | 10.6 bp −$106 | doesn't fit | 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 54 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 | −0.1104% | 1h | 93.566 | +0.146% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.356 | −0.079% | $1.2M | $3.8M | 10x | as long as short |
| Phemex HYPEUSDT | −0.0104% | 8h | 93.615 | +0.198% | $12.7M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.571 | +0.151% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0076% | 1h | 93.540 | +0.118% | $701K | $919K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0059% | 1h | 93.695 | +0.284% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.420 | −0.011% | $156K | $646K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.476 | +0.049% | $85K | $349K | 20x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0014% | 1h | 93.560 | +0.139% | $7.4M | $10.5M | 20x | as long as short |
| Gate HYPE_USDT | −0.0010% | 4h | 93.456 | +0.028% | $44.3M | $55.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Backpack HYPE_USDC_PERP
Gate HYPE_USDTShow all 54 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0002% | 4h | 93.480 | +0.054% | $8.8M | $35.8M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.502 | +0.077% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.470 | +0.043% | $22K | $325K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.466 | +0.038% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.453 | +0.025% | — | $53.5M | — | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.437 | +0.007% | $320.8M | $279.2M | 75x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.698 | +0.287% | $211K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0070% | 4h | 93.456 | +0.028% | $88.2M | $83.4M | 100x | as long as short |
| Bullet HYPE-USD | +0.0072% | 1h | 93.454 | +0.026% | $111K | $578K | 20x | as long as short |
| Binance HYPEUSDT | +0.0073% | 4h | 93.459 | +0.031% | $380.5M | $887.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 93.460 | +0.032% | $115.0M | $306.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 93.705 | +0.294% | $5.0M | $30.1M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.499 | +0.073% | $16.3M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.560 | +0.139% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.461 | +0.033% | $67K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.467 | +0.039% | $398K | $172K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.576 | +0.157% | $340K | $164K | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0099% | 1h | 93.430 | long leg | $16.2M | $7.7M | 10x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.490 | +0.064% | $21K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.493 | +0.068% | $5.7M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.555 | +0.134% | $2.04B | $666.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.524 | +0.101% | $10.1M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.760 | +0.353% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.483 | +0.057% | $46.2M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDTshort | +0.0100% | 4h | 93.461 | +0.033% | $226.3M | $97.8M | 75x | |
| Variational Omni HYPE | +0.0100% | 8h | 93.519 | +0.095% | $31.1M | $54.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.676 | +0.263% | $7.6M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.647 | +0.232% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.606 | +0.188% | $668K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.550 | +0.128% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.487 | +0.061% | $475K | $2.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.438 | +0.009% | $79K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.550 | +0.128% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.460 | +0.032% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.436 | +0.007% | $18.3M | $43.9M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.590 | +0.171% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.490 | +0.064% | $30K | $339K | 12x | as long as short |
| HTX HYPE-USDT | +0.0181% | 4h | 93.750 | +0.342% | $1.4M | $5.9M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.552 | +0.130% | $3.2M | $6.9M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0256% | 1h | 93.453 | +0.025% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0284% | 8h | 93.593 | +0.174% | $1.9M | $4.9M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.464 | +0.037% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0510% | 1h | 93.551 | +0.129% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.549 | +0.128% | $20.9M | $29.8M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Bullet HYPE-USD
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
HTX HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD