Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.006%
Price spread now: Variational Omni against edgeX−0.041%59s7-day average +0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.041%, 7d avg +0.007%
=Together, before fees+0.040%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.048% cheaper against edgeX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.007%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day). The two prices were read 59 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 | 93.859 | 0.0051 | pay 0.0026% / 4h | 3h 42m | $5.1M | $29.9M | 30x |
| Short | Variational Omni HYPE | 93.820 | 0.0100 | get 0.0100% / 8h | 7h 42m | $31.3M | $54.1M | — |
edgeX HYPEUSDC
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- $10.19
- Price spread: −0.041% → +0.007%
- −$4.75
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$3.56
- Costs to cover
- 0.090%
- Break-even
- 9.4 days
Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 2 min ago. 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 edgeX live order book, 1 min ago | 0.32 bp | 4.8 bp −$5 | 5.0 bp −$50 | 143.4 bp −$14.3K | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 0.44 bp | doesn't fit | 8.2 bp −$82 | 28.4 bp −$2,840 | 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 | −0.1480% | 1h | 93.902 | +0.046% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.996 | +0.146% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0285% | 1h | 93.932 | +0.078% | $22K | $23K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0189% | 1h | 93.960 | +0.108% | $703K | $927K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0167% | 8h | 94.025 | +0.177% | $12.8M | $2.6M | 50x | as long as short |
| Bullet HYPE-USD | −0.0115% | 1h | 93.988 | +0.138% | $112K | $580K | 20x | as long as short |
| Gate HYPE_USDT | −0.0090% | 4h | 94.094 | +0.251% | $44.5M | $59.3M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 94.125 | +0.284% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.091 | +0.248% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | −0.0060% | 1h | 94.085 | +0.241% | $128K | $29K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
Bullet HYPE-USD
Gate HYPE_USDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0038% | 8h | 94.080 | +0.236% | $323.4M | $281.4M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0011% | 4h | 94.008 | +0.159% | $169K | $593K | 20x | as long as short |
| Derive HYPE-PERP | −0.0008% | 1h | 93.973 | +0.122% | $16.4M | $7.1M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.088 | +0.244% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.032 | +0.185% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0014% | 4h | 94.088 | +0.244% | $8.9M | $36.1M | 300x | as long as short |
| Bluefin HYPE-PERP | +0.0028% | 1h | 94.025 | +0.177% | $76K | $171K | 20x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.915 | +0.060% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0040% | 4h | 94.100 | +0.257% | $89.0M | $82.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0043% | 4h | 94.100 | +0.257% | $383.9M | $894.2M | 75x | as long as short |
| edgeX HYPEUSDClong | +0.0051% | 4h | 93.859 | long leg | $5.1M | $29.9M | 30x | |
| Popdex HYPEUSDT | +0.0080% | 1h | 94.104 | +0.261% | $63K | $1.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.076 | +0.232% | $116.0M | $319.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.062 | +0.217% | $400K | $193K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.121 | +0.279% | $18.9M | $58.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.085 | +0.241% | $3.1M | $12.0M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.140 | +0.300% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.100 | +0.257% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.106 | +0.264% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.178 | +0.340% | $2.05B | $677.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.115 | +0.273% | $10.1M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.816 | −0.045% | $204K | $5K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.095 | +0.252% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.102 | +0.259% | $228.3M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.087 | +0.243% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.080 | +0.236% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 93.820 | −0.041% | $31.3M | $54.1M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.912 | +0.057% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.865 | +0.007% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.913 | +0.058% | $679K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.100 | +0.257% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.113 | +0.271% | $480K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.098 | +0.255% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.035 | +0.188% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.087 | +0.243% | $18.9M | $43.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.151% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0164% | 4h | 94.031 | +0.184% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0184% | 8h | 94.067 | +0.222% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.260 | +0.428% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.146 | +0.306% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.094 | +0.250% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.051 | +0.205% | $1.5M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0391% | 4h | 94.200 | +0.364% | $1.5M | $6.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0654% | 1h | 94.160 | +0.321% | $7.5M | $4.7M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.148 | +0.309% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Derive HYPE-PERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Bluefin HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
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
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD