Funding you earn now, next payment 01:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h +0.017%
Price spread now: Extended against Derive+0.023%7-day average −0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 3 days (all we have)−0.018%−$2 · spread now +0.023%, 7d avg −0.010%
=Together, before fees+0.027%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.033% dearer against Derive than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.575 | 0.0011 | pay 0.0001% / 1h | 19m 01s | $16.4M | $7.3M | 10x |
| Short | Extended HYPE-USD | 93.596 | 0.0104 | get 0.0013% / 1h | 19m 01s | $18.8M | $44.5M | 50x |
Derive HYPE-PERP
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $19.61
- Price spread: +0.023% → −0.010%
- $3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $11.95
- Costs to cover
- 0.110%
- Break-even
- 2.7 days
Slippage unknown: Derive: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago | 0.05 bp | 2.6 bp −$3 | 4.0 bp −$40 | 25.4 bp −$2,544 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1312% | 1h | 93.756 | +0.194% | $198K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.675 | +0.107% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0194% | 1h | 94.033 | +0.490% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0153% | 1h | 93.910 | +0.358% | $710K | $959K | 10x | as long as short |
| dYdX HYPE-USD | −0.0111% | 1h | 93.863 | +0.308% | $129K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0100% | 1h | 93.644 | +0.074% | $112K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.769 | +0.208% | $86K | $360K | 20x | as long as short |
| Gate HYPE_USDT | −0.0082% | 4h | 93.526 | −0.052% | $44.3M | $60.0M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.782 | +0.222% | $3K | $331 | 25x | as long as short |
| Bybit HYPEUSDT | −0.0029% | 8h | 93.530 | −0.048% | $321.3M | $280.4M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Gate HYPE_USDT
Hotstuff HYPE-PERP
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0025% | 4h | 93.609 | +0.037% | $159K | $645K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0017% | 8h | 93.548 | −0.028% | $12.7M | $2.6M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.769 | +0.208% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.683 | +0.116% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0007% | 4h | 93.666 | +0.097% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERPlong | +0.0011% | 1h | 93.575 | long leg | $16.4M | $7.3M | 10x | |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.614% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0045% | 4h | 93.529 | −0.049% | $381.5M | $894.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0048% | 4h | 93.538 | −0.039% | $87.8M | $83.0M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 93.961 | +0.413% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.527 | −0.051% | $115.5M | $316.3M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0085% | 1h | 93.617 | +0.045% | $76K | $170K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.611 | +0.039% | $19.1M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.607 | +0.035% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.793 | +0.233% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.584 | +0.010% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.794 | +0.235% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.800 | +0.241% | $20K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.757 | +0.194% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.590 | +0.017% | $2.04B | $675.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.786 | +0.226% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.525 | −0.053% | $46.5M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.536 | −0.041% | $226.8M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.524 | −0.054% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.522 | −0.056% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.390% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.991 | +0.445% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.940 | +0.391% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | +0.282% | $679K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.847 | +0.291% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.793 | +0.233% | $480K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.687 | +0.120% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.561 | −0.014% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.151 | +0.616% | $205K | $2K | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.596 | +0.023% | $18.8M | $44.5M | 50x | |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.660 | +0.091% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0179% | 4h | 93.552 | −0.024% | $17.0M | $12.1M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.978% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.822 | +0.265% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.641 | +0.071% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.754 | +0.191% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0155% | 1h | 93.676 | +0.109% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0374% | 4h | 93.750 | +0.187% | $1.5M | $6.1M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0401% | 1h | 93.711 | +0.146% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0674% | 1h | 93.648 | +0.079% | $20.9M | $29.8M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
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
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
Bulk HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD