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: Derive against dYdX−0.015%7-day average −0.036% · you buy dearer than you sell
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)−0.376%−$38 · spread now −0.015%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.021% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX HYPE-USD | 93.522 | 0 | get 0.0000% / 1h | 42m 17s | $128K | $31K | 5x |
| Short | Derive HYPE-PERP | 93.508 | 0.0100 | get 0.0013% / 1h | 42m 17s | $16.2M | $7.6M | 10x |
dYdX HYPE-USD
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against dYdX. 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: −0.015% → −0.036%
- $2.12
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $7.12
- Costs to cover
- 0.160%
- Break-even
- 4.6 days
Slippage unknown: dYdX: live order book, 22 min ago; Derive: 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 dYdX live order book, 22 min ago | 1.65 bp | 6.7 bp −$7 | 18.2 bp −$182 | 211.8 bp −$21.2K | 1354.7 bp −$677.4K |
| Sell Derive no order-book sample | — | — | — | — | — |
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 | −0.1240% | 1h | 93.378 | −0.155% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.446 | −0.082% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0178% | 1h | 93.498 | −0.026% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0102% | 8h | 93.519 | −0.003% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.485 | −0.040% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.518 | −0.005% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0041% | 1h | 93.435 | −0.093% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.554 | +0.034% | $85K | $345K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0010% | 1h | 93.500 | −0.024% | $698K | $981K | 10x | as long as short |
| dYdX HYPE-USDlong | 0.0000% | 1h | 93.522 | long leg | $128K | $31K | 5x |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Bluefin HYPE-PERP
Phemex HYPEUSDT
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aftermath Perps HYPEUSD
01 Exchange 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 | 93.568 | +0.049% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.550 | +0.029% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0020% | 4h | 93.590 | +0.072% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.549 | +0.029% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.538 | +0.017% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0034% | 8h | 93.530 | +0.008% | $322.6M | $277.1M | 75x | as long as short |
| Bullet HYPE-USD | +0.0042% | 1h | 93.546 | +0.025% | $112K | $578K | 20x | as long as short |
| Gate HYPE_USDT | +0.0054% | 4h | 93.551 | +0.031% | $44.6M | $54.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.505 | −0.018% | $114.5M | $302.5M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.561 | +0.041% | $16.4M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.551 | +0.031% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.549 | +0.029% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.550 | +0.030% | $89.9M | $80.5M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.616 | +0.100% | $340K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 93.527 | +0.005% | $5.1M | $30.0M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | +0.051% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.579 | +0.061% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.627 | +0.112% | $2.04B | $655.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.616 | +0.100% | $10.1M | $14.6M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.561 | +0.041% | $379.7M | $877.1M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.062% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.568 | +0.049% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.520 | −0.002% | $226.2M | $96.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | +0.035% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.196% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.251% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.588 | +0.070% | $340K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.522 | 0.000% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.596 | +0.079% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.567 | +0.048% | $473K | $2.5M | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.508 | −0.015% | $16.2M | $7.6M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.616 | +0.100% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.524 | +0.002% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.491 | −0.034% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.529 | +0.008% | $398K | $163K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.590 | +0.072% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0202% | 4h | 93.738 | +0.231% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.528 | +0.006% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0279% | 8h | 93.609 | +0.093% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0306% | 1h | 93.595 | +0.078% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.557 | +0.037% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0337% | 4h | 93.577 | +0.059% | $17.0M | $11.7M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.644 | +0.131% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.350 | −0.184% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0684% | 1h | 93.592 | +0.075% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
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
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD