Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.014%
Price spread now: dYdX against Derive+0.034%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.357%+$36 · spread now +0.034%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.329 | 0.0100 | pay 0.0013% / 1h | 41m 06s | $16.2M | $7.6M | 10x |
| Short | dYdX HYPE-USD | 93.361 | 0 | get 0.0000% / 1h | 41m 06s | $128K | $31K | 5x |
Derive HYPE-PERP
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.034% → +0.036%
- −$0.23
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$37.23
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; dYdX: live order book, 23 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 dYdX live order book, 23 min ago | 1.65 bp | 6.7 bp −$7 | 25.4 bp −$254 | 197.4 bp −$19.7K | 962.4 bp −$481.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1264% | 1h | 93.481 | +0.162% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.238 | −0.098% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0190% | 1h | 93.301 | −0.030% | $79K | $170K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.410 | +0.087% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0067% | 8h | 93.304 | −0.027% | $12.6M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0046% | 4h | 93.317 | −0.013% | $156K | $629K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.337 | +0.008% | $85K | $345K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0035% | 1h | 93.438 | +0.117% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0030% | 1h | 93.280 | −0.053% | $700K | $980K | 10x | as long as short |
| dYdX HYPE-USDshort | 0.0000% | 1h | 93.361 | +0.034% | $128K | $31K | 5x |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.346 | +0.018% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.366 | +0.039% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0024% | 4h | 93.347 | +0.019% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | +0.235% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.349 | +0.021% | — | $53.0M | — | as long as short |
| Bullet HYPE-USD | +0.0028% | 1h | 93.344 | +0.016% | $111K | $578K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0034% | 8h | 93.357 | +0.030% | $321.9M | $277.0M | 75x | as long as short |
| Gate HYPE_USDT | +0.0050% | 4h | 93.339 | +0.010% | $44.5M | $54.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.360 | +0.033% | $114.2M | $302.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.336 | +0.007% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.349 | +0.021% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.325 | −0.005% | $69K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.372 | +0.046% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.370 | +0.044% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.320 | −0.010% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.423 | +0.100% | $2.04B | $655.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.375 | +0.049% | $10.0M | $14.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.368 | +0.042% | $378.9M | $877.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.269% | $204K | $10K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.330 | +0.001% | $89.7M | $80.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.344 | +0.016% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.367 | +0.040% | $225.8M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.319 | −0.011% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.317 | −0.013% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.553 | +0.239% | $7.6M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.487 | +0.169% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.585 | +0.274% | $668K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.433 | +0.112% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.365 | +0.038% | $472K | $2.5M | 20x | as long as short |
| Derive HYPE-PERPlong | +0.0100% | 1h | 93.329 | long leg | $16.2M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.418 | +0.095% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.303 | −0.028% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.280 | −0.053% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.330 | 0.000% | $397K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0116% | 4h | 93.476 | +0.158% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.370 | +0.044% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0200% | 4h | 93.500 | +0.183% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.319 | −0.011% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.417 | +0.094% | $1.9M | $5.1M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.367 | +0.040% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.300 | −0.031% | $16.9M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0350% | 1h | 93.403 | +0.079% | $7.4M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.422 | +0.100% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.200 | −0.138% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.379 | +0.053% | $20.7M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bullet HYPE-USD
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD