Funding you earn now, next payment 01:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.075%
Price spread now: Injective against Derive+0.216%61s7-day average +0.209% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.288%+$229 on $10k
+Price spread, last 3 days (all we have)−0.390%−$39 · spread now +0.216%, 7d avg +0.209%
=The price spread sits at its 7-day average of +0.209%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 94.057 | 0.0021 | pay 0.0003% / 1h | 42m 09s | $16.4M | $7.1M | 10x |
| Short | Injective HYPE/USDC PERP | 94.260 | 0.0205 | get 0.0026% / 1h | 42m 09s | $31K | $338K | 12x |
Derive HYPE-PERP
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $38.6
- Price spread: +0.216% → +0.209%
- $0.71
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $33.29
- Costs to cover
- 0.060%
- Break-even
- 1.0 days
Slippage unknown: Derive: no order-book sample; Injective: live order book, 32 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 Injective live order book, 32 min ago | 32.41 bp | doesn't fit | doesn't fit | 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 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 | −0.1480% | 1h | 93.902 | −0.165% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.996 | −0.065% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0287% | 1h | 93.962 | −0.101% | $22K | $23K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0254% | 8h | 94.095 | +0.041% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0189% | 1h | 93.960 | −0.103% | $703K | $927K | 10x | as long as short |
| Bullet HYPE-USD | −0.0116% | 1h | 94.074 | +0.019% | $113K | $580K | 20x | as long as short |
| Gate HYPE_USDT | −0.0090% | 4h | 94.092 | +0.037% | $44.5M | $59.3M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 94.125 | +0.073% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.091 | +0.036% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | −0.0060% | 1h | 94.085 | +0.030% | $128K | $29K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Gate HYPE_USDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0038% | 8h | 94.090 | +0.035% | $323.5M | $281.3M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0011% | 4h | 94.098 | +0.044% | $170K | $593K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.088 | +0.033% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.123 | +0.070% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0014% | 4h | 94.105 | +0.051% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERPlong | +0.0021% | 1h | 94.057 | long leg | $16.4M | $7.1M | 10x | |
| Phoenix HYPE | +0.0034% | 1h | 93.915 | −0.151% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0040% | 4h | 94.109 | +0.056% | $89.0M | $82.2M | 100x | as long as short |
| Bluefin HYPE-PERP | +0.0042% | 1h | 94.121 | +0.068% | $76K | $171K | 20x | as long as short |
| Binance HYPEUSDT | +0.0043% | 4h | 94.108 | +0.055% | $384.0M | $894.3M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0051% | 4h | 93.859 | −0.211% | $5.1M | $29.9M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 94.104 | +0.050% | $63K | $1.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.104 | +0.050% | $116.0M | $319.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.115 | +0.062% | $400K | $193K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.156 | +0.105% | $18.9M | $58.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.128 | +0.076% | $3.1M | $12.0M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.140 | +0.088% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.100 | +0.046% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.106 | +0.053% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.189 | +0.141% | $2.05B | $678.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.115 | +0.062% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.816 | −0.256% | $204K | $5K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.108 | +0.054% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.116 | +0.063% | $228.3M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.100 | +0.046% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.092 | +0.037% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.820 | −0.251% | $31.3M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.912 | −0.154% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.865 | −0.204% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.913 | −0.153% | $679K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.100 | +0.046% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.113 | +0.060% | $480K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.185 | +0.136% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.107 | +0.053% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.084 | +0.029% | $18.9M | $43.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.140 | +0.088% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0164% | 4h | 94.031 | −0.027% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0184% | 8h | 94.159 | +0.109% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0205% | 1h | 94.260 | +0.216% | $31K | $338K | 12x | |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.146 | +0.095% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.094 | +0.039% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.122 | +0.070% | $1.5M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0403% | 4h | 94.274 | +0.231% | $1.5M | $6.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0472% | 1h | 94.201 | +0.153% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0670% | 1h | 94.212 | +0.165% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Bluefin HYPE-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
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
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD