Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.020%
Price spread now: OKX against edgeX−0.069%51s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.211% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now −0.069%, 7d avg +0.021%
=Together, before fees+0.004%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.090% cheaper against edgeX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.021%). If the spread goes back, that is −$9 on $10k: about 15 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 51 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 | edgeX HYPEUSDC | 93.297 | 0.0080 | pay 0.0040% / 4h | 1h 10m | $5.1M | $29.6M | 30x |
| Short | OKX HYPE-USDT-SWAP | 93.232 | 0.0100 | get 0.0100% / 8h | 1h 10m | $114.1M | $312.9M | 50x |
edgeX HYPEUSDC
OKX HYPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. 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
- $4.13
- Price spread: −0.069% → +0.021%
- −$9
- Slippage, 4 orders
- −$2.08
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$25.95
- Costs to cover
- 0.211%
- Break-even
- 51.0 days
Slippage from edgeX: live order book, 3 min ago; OKX: live order book, 3 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 edgeX live order book, 3 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 145.4 bp −$14.5K | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.05 bp | 6.3 bp −$6 | 9.4 bp −$94 | 18.0 bp −$1,797 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0451% | 1h | 93.227 | −0.075% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0384% | 1h | 93.322 | +0.027% | $197K | $230K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.178 | −0.127% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0124% | 1h | 93.180 | −0.125% | $699K | $896K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.276 | −0.022% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.225 | −0.077% | $90K | $359K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.308 | +0.012% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.213 | −0.090% | $57K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.261 | −0.039% | $23K | $330K | 10x | as long as short |
| Aster HYPEUSDT | +0.0002% | 4h | 93.273 | −0.025% | $8.9M | $35.8M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.287 | −0.010% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0018% | 4h | 93.293 | −0.004% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0022% | 8h | 93.230 | −0.072% | $322.9M | $283.2M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.333 | +0.039% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0046% | 1h | 93.254 | −0.046% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | +0.0050% | 1h | 93.245 | −0.056% | $16.3M | $7.0M | 10x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.238 | −0.063% | $44.0M | $58.7M | 75x | as long as short |
| Binance HYPEUSDT | +0.0063% | 4h | 93.267 | −0.032% | $382.9M | $889.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0064% | 4h | 93.245 | −0.056% | $90.1M | $82.3M | 100x | as long as short |
| edgeX HYPEUSDClong | +0.0080% | 4h | 93.297 | long leg | $5.1M | $29.6M | 30x | |
| Lighter HYPE | +0.0096% | 1h | 93.309 | +0.013% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.295 | −0.002% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.291 | −0.006% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.257 | −0.043% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.220 | −0.082% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.285 | −0.012% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.303 | +0.007% | $2.03B | $669.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.269 | −0.030% | $10.0M | $14.4M | 20x | as long as short |
| OKX HYPE-USDT-SWAPshort | +0.0100% | 8h | 93.232 | −0.069% | $114.1M | $312.9M | 50x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.296 | −0.001% | $47.0M | $18.7M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.246 | −0.054% | $226.1M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.239 | −0.062% | — | $53.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.289 | −0.008% | $7.8M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.203 | −0.100% | $29.0M | $50.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.339 | +0.045% | $7.5M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.018% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.317 | +0.022% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.300 | +0.003% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.272 | −0.027% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.285 | −0.013% | $75K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.301 | +0.004% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.277 | −0.021% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.299 | +0.002% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.018% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.213 | −0.089% | $18.2M | $41.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0118% | 8h | 93.346 | +0.053% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.440 | +0.153% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0225% | 4h | 93.410 | +0.121% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.210 | −0.093% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.235 | −0.066% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0260% | 4h | 93.271 | −0.028% | $16.8M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.269 | −0.029% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.282 | −0.015% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0350% | 1h | 93.371 | +0.079% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.388 | +0.098% | $20.9M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Gate HYPE_USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD