Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.072%
Price spread now: Hyperliquid against dYdX+0.062%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$220.224% of the position
Funding, last 7 days+0.208%+$21 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.062%, 7d avg +0.045%
=Together, before fees+0.226%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.045%, 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 | dYdX HYPE-USD | 93.524 | 0 | get 0.0000% / 1h | 44m 48s | $128K | $31K | 5x |
| Short | Hyperliquid HYPE | 93.582 | 0.0100 | get 0.0013% / 1h | 44m 48s | $2.04B | $655.2M | 10x |
dYdX HYPE-USD
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.062% → +0.045%
- $1.7
- Slippage, 4 orders
- −$3.41
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $0.29
- Costs to cover
- 0.224%
- Break-even
- 6.9 days
Slippage from dYdX: live order book, 19 min ago; Hyperliquid: live order book, 9 min ago.
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, 19 min ago | 1.65 bp | 6.7 bp −$7 | 18.2 bp −$182 | 211.8 bp −$21.2K | 1354.7 bp −$677.4K |
| Sell Hyperliquid live order book, 9 min ago | 0.05 bp | 4.6 bp −$5 | 6.1 bp −$61 | doesn't fit | doesn't fit |
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 | −0.1208% | 1h | 93.237 | −0.307% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.461 | −0.067% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0165% | 1h | 93.531 | +0.008% | $79K | $170K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0103% | 8h | 93.518 | −0.006% | $12.6M | $2.7M | 50x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.540 | +0.018% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.549 | +0.027% | $156K | $629K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0034% | 1h | 93.339 | −0.198% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.580 | +0.060% | $85K | $346K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0005% | 1h | 93.490 | −0.036% | $698K | $977K | 10x | as long as short |
| dYdX HYPE-USDlong | 0.0000% | 1h | 93.524 | 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 | 93.551 | +0.029% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.576 | +0.056% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.507 | −0.018% | — | $53.1M | — | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 93.595 | +0.077% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.418 | −0.113% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 93.482 | −0.044% | $322.8M | $276.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0056% | 4h | 93.513 | −0.011% | $44.6M | $54.6M | 75x | as long as short |
| Bullet HYPE-USD | +0.0062% | 1h | 93.573 | +0.053% | $111K | $577K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.491 | −0.035% | $114.5M | $302.5M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0090% | 4h | 93.523 | −0.001% | $87.8M | $80.2M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 93.250 | −0.293% | $5.0M | $30.0M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.537 | +0.014% | $16.3M | $61.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.525 | +0.001% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.579 | +0.059% | $68K | $1.2M | 50x | as long as short |
| Binance HYPEUSDT | +0.0096% | 4h | 93.515 | −0.009% | $379.7M | $877.2M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.608 | +0.090% | $340K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.580 | +0.060% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.572 | +0.052% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.582 | +0.062% | $2.04B | $655.2M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.565 | +0.045% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.060% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.584 | +0.065% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.501 | −0.024% | $226.1M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.555 | +0.034% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.198% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.288 | −0.252% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.260% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.354 | −0.181% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.579 | +0.060% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.606 | +0.088% | $473K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.537 | +0.015% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.654 | +0.139% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.575 | +0.055% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.549 | +0.027% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.549 | +0.027% | $398K | $170K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.640 | +0.124% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0204% | 4h | 93.714 | +0.204% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.549 | +0.027% | $80K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.580 | +0.060% | $1.9M | $5.0M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0330% | 4h | 93.572 | +0.052% | $17.0M | $11.7M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.581 | +0.062% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0338% | 1h | 93.645 | +0.130% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.668 | +0.154% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.430 | −0.100% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.653 | +0.138% | $20.8M | $30.1M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD