Funding you earn now, next payment 22:00 UTC−0.0203%/8h= −22.3% APRnext payment −$0.25 per $10,000 · paid last 24h −0.006%
Price spread now: Ondo Perps against Derive−0.071%7-day average −0.055% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.071%, 7d avg −0.055%
=Together, before fees−0.021%+ Points / potential airdropOndo Perps: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.397 | 0.0017 | pay 0.0002% / 1h | 46m 01s | $16.4M | $7.1M | 10x |
| Short | Ondo Perps HYPE-USD.P | 93.330 | −0.0186 | pay 0.0023% / 1h | 46m 01s | $701K | $943K | 10x |
Derive HYPE-PERP
Ondo Perps HYPE-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$42.7
- Price spread: −0.071% → −0.055%
- −$1.69
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$55.39
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample | — | — | — | — | — |
Derive and Ondo Perps: 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 | −0.1240% | 1h | 93.362 | −0.038% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.Pshort | −0.0186% | 1h | 93.330 | −0.071% | $701K | $943K | 10x | |
| Aftermath Perps HYPEUSD | −0.0175% | 1h | 93.418 | +0.023% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.472 | +0.081% | $89K | $345K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.410 | +0.014% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.504 | +0.114% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.520 | +0.132% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.446 | +0.052% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.494 | +0.104% | $19K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0014% | 4h | 93.430 | +0.036% | $8.9M | $36.2M | 300x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Derive HYPE-PERPlong | +0.0017% | 1h | 93.397 | long leg | $16.4M | $7.1M | 10x | |
| Bullet HYPE-USD | +0.0020% | 1h | 93.455 | +0.062% | $112K | $583K | 20x | as long as short |
| Gate HYPE_USDT | +0.0024% | 4h | 93.433 | +0.039% | $44.2M | $56.3M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0039% | 8h | 93.401 | +0.005% | $325.4M | $287.9M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.408 | +0.012% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0075% | 4h | 93.462 | +0.070% | $180K | $536K | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0092% | 1h | 93.318 | −0.084% | $405K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.505 | +0.116% | $18.5M | $59.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.467 | +0.075% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.448 | +0.055% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.500 | +0.111% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.455 | +0.062% | $6.0M | $44.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.500 | +0.111% | $2.04B | $669.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.456 | +0.064% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.419 | +0.024% | $385.8M | $888.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.401 | +0.005% | $114.8M | $315.5M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.433 | +0.039% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.335 | −0.066% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.451 | +0.058% | $93.1M | $81.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.448 | +0.055% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.439 | +0.045% | $226.9M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.429 | +0.035% | — | $54.3M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.475 | +0.084% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.295 | −0.108% | $28.8M | $49.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.407 | +0.011% | $7.5M | $46.2M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.504 | +0.115% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.490 | +0.100% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.483 | +0.092% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.445 | +0.052% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.496 | +0.106% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.446 | +0.053% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.429 | +0.035% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.483 | +0.092% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.438 | +0.044% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.488 | +0.098% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.395 | −0.002% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.500 | +0.111% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.462 | +0.070% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.360 | −0.039% | $30K | $231K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.552 | +0.166% | $7.4M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.499 | +0.109% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.408 | +0.012% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0388% | 4h | 93.628 | +0.248% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.518 | +0.130% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.537 | +0.150% | $19.2M | $25.8M | 50x | as long as short |
Bullet HYPE-USD
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
ApeX Omni HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD