Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.002%
Price spread now: Phemex against edgeX+0.319%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)−0.256%−$26 · spread now +0.319%, 7d avg +0.016%
=Together, before fees−0.262%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.303% dearer against edgeX than usual: you sell high and buy low (spread +0.319% now, against its 7-day average of +0.016%): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.006% in total) that is about 11 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 93.103 | 0.0038 | pay 0.0019% / 4h | 2h 49m | $5.0M | $29.8M | 30x |
| Short | Phemex HYPEUSDT | 93.400 | −0.0062 | pay 0.0062% / 8h | 6h 49m | $12.7M | $2.7M | 50x |
edgeX HYPEUSDC
Phemex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$21.06
- Price spread: +0.319% → +0.016%
- $30.28
- Slippage, 4 orders
- −$27.98
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.76
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 91.3 bp −$9,126 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.55 bp | 14.6 bp −$15 | 38.0 bp −$380 | 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 | −0.1064% | 1h | 93.439 | +0.361% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.349 | +0.264% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0199% | 1h | 93.348 | +0.263% | $22K | $21K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0149% | 1h | 93.452 | +0.375% | $7.8M | $10.6M | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0084% | 1h | 93.450 | +0.372% | $699K | $979K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.282 | +0.192% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.438 | +0.359% | $85K | $361K | 20x | as long as short |
| Gate HYPE_USDT | −0.0072% | 4h | 93.423 | +0.343% | $44.3M | $53.8M | 75x | as long as short |
| Phemex HYPEUSDTshort | −0.0062% | 8h | 93.400 | +0.319% | $12.7M | $2.7M | 50x | |
| Orderly PERP_HYPE_USDC | −0.0049% | 4h | 93.360 | +0.276% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0024% | 4h | 93.472 | +0.396% | $8.9M | $36.2M | 300x | as long as short |
| ApeX Omni HYPEUSDT | −0.0006% | 1h | 93.312 | +0.224% | $337K | $1.1M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.543 | +0.472% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.482 | +0.406% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.429 | +0.350% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0012% | 4h | 93.404 | +0.323% | — | $54.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0025% | 8h | 93.382 | +0.299% | $319.5M | $282.8M | 75x | as long as short |
| edgeX HYPEUSDClong | +0.0038% | 4h | 93.103 | long leg | $5.0M | $29.8M | 30x | |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.395 | +0.313% | $87.7M | $82.1M | 100x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.407 | +0.326% | $380.8M | $904.4M | 75x | as long as short |
| Derive HYPE-PERP | +0.0053% | 1h | 93.353 | +0.268% | $16.2M | $7.6M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0056% | 1h | 93.390 | +0.308% | $79K | $173K | 20x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | +0.093% | $212K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0061% | 1h | 93.389 | +0.307% | $111K | $578K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0065% | 8h | 93.455 | +0.378% | $115.2M | $315.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.382 | +0.299% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.425 | +0.346% | $16.5M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.426 | +0.347% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.424 | +0.344% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.553 | +0.483% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.430 | +0.351% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.425 | +0.346% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.559 | +0.489% | $2.04B | $672.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.512 | +0.439% | $10.0M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.421 | +0.341% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.392 | +0.310% | $226.0M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | +0.190% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | +0.073% | $7.5M | $46.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.459 | +0.382% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.500 | +0.426% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.491 | +0.416% | $468K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.483 | +0.408% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.388 | +0.306% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.250 | +0.158% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.365 | +0.281% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.500 | +0.426% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.440 | +0.362% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.326% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.504 | +0.430% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.435 | +0.356% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0258% | 8h | 93.590 | +0.523% | $1.9M | $5.2M | 2.3x | as long as short |
| HTX HYPE-USDT | +0.0267% | 4h | 93.558 | +0.488% | $1.5M | $6.1M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.427 | +0.347% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0499% | 1h | 93.502 | +0.428% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.495 | +0.421% | $20.9M | $29.9M | 50x | as long as short |
Aster HYPEUSDT
ApeX Omni HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Bluefin HYPE-PERP
Phoenix HYPE
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD