Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.045%
Price spread now: Orderly against Extended+0.014%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.014%, 7d avg +0.036%
=Together, before fees−0.247%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HYPE-USD | 93.395 | 0.0104 | pay 0.0013% / 1h | 36m 24s | $18.4M | $41.1M | 50x |
| Short | Orderly PERP_HYPE_USDC | 93.408 | 0.0070 | get 0.0035% / 4h | 2h 36m | $180K | $529K | 20x |
Extended HYPE-USD
Orderly PERP_HYPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$7.11
- Price spread: +0.014% → +0.036%
- −$2.19
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$20.31
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 min ago; Orderly: no order-book sample. 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 Extended live order book, 3 min ago | 0.05 bp | 2.6 bp −$3 | 5.1 bp −$51 | 20.8 bp −$2,081 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1120% | 1h | 93.436 | +0.044% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0256% | 1h | 93.396 | +0.001% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0254% | 1h | 93.350 | −0.048% | $701K | $940K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.435 | +0.043% | $89K | $348K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.300 | −0.102% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0016% | 1h | 93.392 | −0.004% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | −0.0003% | 1h | 93.431 | +0.038% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.485 | +0.096% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.417 | +0.023% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.424 | +0.030% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0015% | 4h | 93.424 | +0.031% | $8.9M | $35.9M | 300x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.413 | +0.019% | $44.1M | $56.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0035% | 8h | 93.388 | −0.008% | $325.4M | $287.4M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.527 | +0.141% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDCshort | +0.0070% | 4h | 93.408 | +0.014% | $180K | $529K | 20x | |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.399 | +0.004% | $56K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.459 | +0.068% | $18.5M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.428 | +0.035% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.439 | +0.047% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.400 | +0.005% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.405 | +0.011% | $6.0M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.472 | +0.083% | $2.03B | $667.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.427 | +0.034% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.406 | +0.012% | $385.2M | $888.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.374 | −0.023% | $114.7M | $315.1M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.395 | 0.000% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | +0.008% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.407 | +0.013% | $92.8M | $82.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.422 | +0.029% | $46.4M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.423 | +0.030% | $226.9M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.410 | +0.016% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.513 | +0.126% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.375 | −0.021% | $28.9M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.408 | +0.014% | $7.5M | $44.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | −0.015% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.490 | +0.102% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.453 | +0.062% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.436 | +0.044% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.398 | +0.003% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.510 | +0.123% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.470 | +0.080% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.466 | +0.076% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 93.395 | long leg | $18.4M | $41.1M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.486 | +0.097% | $398K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0109% | 8h | 93.538 | +0.153% | $1.9M | $5.3M | 2.3x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.336 | −0.063% | $5.1M | $29.5M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | +0.005% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.397 | +0.002% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0274% | 1h | 93.576 | +0.194% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.330 | −0.070% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0164% | 1h | 93.444 | +0.052% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.449 | +0.058% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0345% | 4h | 93.650 | +0.273% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.477 | +0.087% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.595 | +0.214% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
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
Aevo HYPE-PERP
Kalshi KXHYPEPERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD