Funding you earn now, next payment 02:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h +0.020%
Price spread now: Phoenix against edgeX+0.077%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs+$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.210% of the position
Funding, last 7 days+0.256%+$26 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now +0.077%, 7d avg +0.136%
=Together, before fees+0.316%+ Points / potential airdropedgeX: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phoenix is 0.059% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.136%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.256%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 93.295 | 0.0117 | pay 0.0058% / 4h | 1h 15m | $5.0M | $29.1M | 30x |
| Short | Phoenix HYPE | 93.367 | 0.0026 | get 0.0003% / 1h | 15m 37s | $213K | $1.2M | 10x |
edgeX HYPEUSDC
Phoenix HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- −$19.11
- Price spread: +0.077% → +0.136%
- −$5.9
- Slippage, 4 orders
- −$5.03
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$46.04
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 3 min ago; Phoenix: 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 | 129.4 bp −$12.9K | doesn't fit |
| Sell Phoenix live order book, 3 min ago | 1.18 bp | 5.7 bp −$6 | 9.3 bp −$93 | 125.5 bp −$12.6K | 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 | −0.1056% | 1h | 93.409 | +0.121% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.000 | −0.317% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0137% | 1h | 93.110 | −0.199% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.314 | +0.020% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0063% | 1h | 93.378 | +0.089% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.106 | −0.203% | $85K | $344K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.378 | +0.089% | $154K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0028% | 8h | 93.397 | +0.109% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.163 | −0.142% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.119 | −0.189% | $23K | $319K | 10x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow 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 | 93.413 | +0.126% | $63K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0025% | 1h | 93.404 | +0.116% | $112K | $578K | 20x | as long as short |
| Phoenix HYPEshort | +0.0026% | 1h | 93.367 | +0.077% | $213K | $1.2M | 10x | |
| Aster HYPEUSDT | +0.0026% | 4h | 93.192 | −0.111% | $8.8M | $35.8M | 300x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 93.080 | −0.231% | — | $52.9M | — | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.103 | −0.206% | $44.5M | $55.4M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 93.080 | −0.231% | $320.3M | $277.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.073 | −0.238% | $113.6M | $300.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0082% | 1h | 93.373 | +0.083% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.163 | −0.142% | $16.2M | $62.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.175 | −0.129% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.082 | −0.229% | $70K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.241 | −0.058% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.120 | −0.188% | $22K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.088 | −0.222% | $5.7M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.160 | −0.145% | $2.03B | $657.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.154 | −0.151% | $10.0M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.086 | −0.225% | $377.7M | $880.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.130 | −0.177% | $89.3M | $81.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.155 | −0.150% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.079 | −0.232% | $225.2M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.260 | −0.038% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.087% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.364 | +0.073% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.292 | −0.004% | $339K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.417 | +0.130% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.197 | −0.105% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.125 | −0.183% | $481K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.389 | +0.100% | $79K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.445 | +0.160% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.409 | +0.122% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.217 | −0.084% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.055 | −0.258% | $18.3M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.406 | +0.119% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDClong | +0.0117% | 4h | 93.295 | long leg | $5.0M | $29.1M | 30x | |
| HTX HYPE-USDT | +0.0152% | 4h | 93.518 | +0.239% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.134% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.072 | −0.239% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0272% | 8h | 93.358 | +0.067% | $1.9M | $5.2M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.483 | +0.201% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.410 | +0.123% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.320 | +0.026% | $17.0M | $11.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.188 | −0.115% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.466% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.472 | +0.189% | $20.8M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
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